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Chapter 1 Operations and Supply Chain Management Study Questions with Best Solutions 2024 Operations and supply chain management (OSCM) - Correct Answer Is defined as the design, operation, and improvement of the systems that create and deliver the firm's primary products and services. Operations and supply chain processes - Correct Answer Can be conveniently Categorized, particularly from the view of a producer of consumer products and services, as planning, sourcing, making, delivering,...

Operations and Supply Chain Management - C720 (WGU) Study Questions with Best Solutions 100% Verified 2024 Operations - Correct Answer The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager - Correct Answer They allocate resources. Capital - Correct Answer Facilities and equipment Competitive Advantage - Correct Answer Developing capabilities that customers value, can be sustained ove...

Chapter 17 Supply Chain Management Study Questions with Best Verified Solutions 2024 What is a supply chain - Correct Answer It includes manufacturing, warehousing, transportation, customer service, demand, planning, supply panning, and supply chain management. Made up of people, activities, information, and resources involved in moving a product from its supplier to customer. What is the definition of Logistics - Correct Answer A component and extension of the organization's supply chain...

Chapter 17: Global Production and the Supply Chain Management Study Questions with Best Solutions 2024 Production - Correct Answer Activities involved in creating a product Supply Chain Management - Correct Answer The integration and coordination of logistics, purchasing, operations, and market channel activities from raw material to the end-customer Purchasing - Correct Answer The part of the supply chain that includes the worldwide buying of raw material, component parts, and products u...

Operations and Supply Chain Management, Chapter 2 Study Questions with 100% Verified Answers 2024 quality - Correct Answer characteristics of a product or service that bear on its ability to satisfy stated or implied needs. A product or service free of deficiencies. fitness for use - Correct Answer how well the product or service does what it is supposed to. A truck and Mercedes are equally fit for use, as they both provide transportation and meet standards of consumers. quality of design...

GSC 3600 CH. 1 - Introduction to Operations & Supply Chain Management Exam with Best Solutions 2024 OPERATIONS MANAGEMENT - Correct Answer Planning, scheduling, and control of the activities that transform inputs into goods and services SUPPLY CHAIN MANAGEMENT - Correct Answer A network of manufacturers & service providers that work together to create products or services needed by end users 3 FLOWS - Correct Answer Physical, information, and monetary flows FIRST TIER SUPPLIER - Correc...

Operations Management in the Supply Chain Final Exam with Best Solutions 100% Verified 2024 What are the key decisions made by sourcing and logistics managers? - Correct Answer Decisions of sourcing managers focus on acquiring material and service inputs; decisions of logistics managers focus on the movement of goods and/or services. ____ The key decisions made by sourcing managers relate to the sourcing function which sources inputs into the transformation process of the organization from...

Operations and Supply Chain Management Exam Questions with Correct Answers 100% Verified 2024 Operations and Supply Chain Management - Correct Answer the design, operation, and improvement of systems that create and deliver the firm's primary products and services Operations and Supply Chain Management - Correct Answer concerned with the management of the entire system that produces a product or delivers a service operations - Correct Answer manufacturing and service processes that are...

Operations and Supply Chain Management Study Questions with Correct Answers 100% Verified and Graded A+ Six Sigma Quality - Correct Answer A philosophy and set of methods companies use to eliminate defects in their products and processes What is the six standard deviation?? - Correct Answer It equals 3.4 defects per 1 million units or 99.99966% error free 5 steps of Six Sigma - Correct Answer 1. Define 2. Measure 3. Analyze 4. Improve 5. Control Define - Correct Answer Uses a p...

Operations and Supply Chain Management EXAM 3 with Best Solutions 100% Verified (16,17,18,19) The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following? A.Cost of goods sold/Average aggregate inventory value B.Fixed costs/Variable costs C.Sales costs/Marketing costs D.Cost of goods sold/Cost to sell goods E.Operations flow costs/Supplier flow costs - Correct Answer cost of goods sold/average aggregate inventory value The tota...