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REview 2- Final Exam - OPMT 1175 Warehouse mgmt.( Correctly solved)

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Roads correct answers Are the dominant mode of transportation in the United States and account for more than 75 percent of the nation's freight INVENTORY correct answers STUDY IT Without vision or direction, enterprise resources planning (ERP) correct answers Is just a set of applications capable of automating operations business functions. Tailored transportation correct answers is the use of different transportation networks and modes based on customer and product characteristics ...

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OPMT FINAL 2017(All solved)

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Business organizations consists of 3 major functions which, ideally: correct answers Support one another Which of the following is not a type of organization? correct answers All are i. Goods production, Storage/transportation, entertainment, and communication Dealing with the fact that certain aspects of any management situation are more important than other is called correct answers Recognition of priorities The process of comparing outputs to previously established standards to dete...

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OPMT 303 Final Exam Review(Correct answers)

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____________ variation is a variation whose cause can be identified correct answers = assignable A ___________ is one way of reducing perceived waiting time correct answers = diversion A basic question in capacity planning is correct answers = what kind is needed - how much is needed - when is it needed A basic question in capacity planning is correct answers = what kind is needed - how much is needed - when is it needed A company is designing a product layout for a new product. ...

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OPMT Final P2(100% Verified)

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Which of the following statements concerning the Malcolm Baldrige award is true? correct answers For many companies the objective is not to win the award but to diagnose strengths and weaknesses of their management system. Advantage Air-conditioning guarantees any spare part for repairing air conditioners will be supplied within 24 hours. This policy best matches with correct answers maintainability. Which of the following would NOT be considered a failure cost of quality? correct answers ...

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OPMT final P3(100% Correct answers)

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Finite capacity scheduling assumes which of the following? correct answers Capacity is limited in each work center. Shortest processing time (SPT) rule means correct answers the job with the least processing time is worked on next. Which of the following statements about batch scheduling is INCORRECT? correct answers The priority of a job, once determined, does not change as it progresses through the production process. Which of the following is NOT determined by Gantt charting? correct...

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OPMT 2505 final exam(Complete solutions)

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What are some of the external factors that may impact costs correct answers Interest rates/Economy Labour rates Inflation Competive actions or new their products Availability of key external resources Weather or acts of God Draw a table of the project cost process. Include the process, the project phase and key deliverables correct answers Process 1: Plan cost management, Planning Phase, Deliverables: How Project Cost will be managed Process 2: Estimate Costs, Planning Phase, Deliverabl...

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OPMT 200 - Final Exam(All answered)

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Which of the following challenges is most likely to be faced by service operations managers, rather than manufacturing operations managers? a) Customers are more directly involved in service processes, so their perceptions need to be considered b) Operations is typically less financially important in service businesses c) The "total product experience" is more important in services d) Pure service operations need to be separated from pure goods-producing operations correct answers ...

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OPMT 1100 Final Exam Ch. 7,10,11,13,16(A+ Graded)

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7.1 Capacity Planning correct answers - extends over a time horizon long enough to obtain those resources—usually a year or more for building or expanding facilities or acquiring new businesses - Capacity decisions affect product lead times, customer responsiveness, operating costs, and a firm's ability to compete - Inadequate capacity can lose customers and limit growth - Excess capacity can drain a company's resources and prevent investments in more lucrative ventures - When to inc...

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OPMT Final(with Errorless answers)

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A computer-based information system designed to handle ordering and scheduling of dependent-demand inventories is: correct answers material requirements planning (MRP) An MRP system whose records are updated continuously is referred to as a(n): correct answers net-change system Refer to this product-tree: If 40 Ps are needed, and on-hand inventory consists of 15 Ps and 10 each of all other components and subassemblies, how many Cs are needed? correct answers 350 The MRP input stating wh...

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OPMT 200 Final Exam(with solved solutions)

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Fundamental areas of management in supply chain operations management include: correct answers Quality, inventories, and processes Which of the following challenges is most likely to be faced by service operations managers, rather than manufacturing operations managers? correct answers Customers are more directly involved in service processes, so their perceptions need to be considered Operations managers answer questions of what, how, when, where, and who by defining both the ________ and...

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