WGU C215 Objective Assessment Guide (Latest 2024/ 2025 Update) Operations Management| Questions and Verified Answers| 100% Correct| Grade A
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WGU C215
WGU C215 Objective Assessment Guide (Latest 2024/ 2025 Update) Operations Management| Questions and Verified Answers| 100% Correct| Grade A
Q: Tier One Suppliers
Supplies materials or services directly to the processing facility.
These are the suppliers that put products in specific contai...
benchmarking studying other companies business pra
tier one suppliers supplies materials or services
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WGU C215 Objective Assessment Guide (Latest Update) Operations Management | Questions and Ve rified Answers| 100% Correct| Grade A Q: Tier One Suppliers Answer: Supplies materials or services directly to the processing facility. These are the suppliers that put products in specific containers or packages. Internal Functions companies Q: Tier Two Suppliers Answer: Directly supplies materials or services to a tier -one supplier in the supply chain. Suppliers of the specialty materials for the tier one suppliers to be able to produce the packaging necessary for different products. Think cardboard, plastic, glass, chemicals. Q: Tier Three Suppliers Answer: Directly supplies materials or services to a tier two supplier in the supply chain. These are companies that extract raw materials. Oil, raw chemical materials, wood. Q: Capacity Requirements Planning (CRP) Answer: Determines the labor and machine resources needed to fill the open and planned orders generated by the MRP. Basically, checking if there is enough work scheduled for operations Q: Enterprise Resource Planning (ERP) Answer: Large software programs used for planning and coordinating all resources throughout the entire enterprise. Q: Aggregate Plans - IN A BROAD SENSE Answer: Includes the budgeted levels of finished products, inventory, backlogs, workforce size, and aggregate production rate needed to support the marketing plan. Marketing Plan, TO, Operating and engineering Plans, TO, Start or revision of the strategic business plan. Q: Third -Party Logistics (3PL) Answer: Businesses used to outsource elements of the company's distribution and fulfillment services. They typically specialize in integrated operation, warehousing and transportation services which can be scaled and customized to customers' needs based on market conditions, such as the demands and delivery service requirements for their products and materials. Q: Supply Chain Operations Reference model (SCOR) Answer: the world's leading supply chain framework, linking business processes, performance metrics, practices and people skills into a unified structure. The goals are to increase the speed of system implementations, support organizational learning goals, and imp rove inventory turns. Q: Project Life Cycle Phases Answer: Conception, Feasibility/Study analysis, Planning, Execution, Termination Q: Master Production Schedule (MPS) Answer: A plan for individual commodities to be produced in each time period.It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. It gives production, planning, purchasing, and top management the inform ation needed to plan and control the manufacturing operation. Q: Total Quality Management (TQM) Answer: The meaning of quality as defined by the customer. Q: Advertising revenue model Answer: Provides users with information on services and products and provides an opportunity for suppliers to advertise Q: Affiliate revenue model Answer: Companies receive a referral fee for directing business to an affiliate Q: Appraisal cost Answer: The cost associated with uncovering defects Q: Automated order entry systems Answer: A method using telephone models to send digital orders to suppliers. Q: Backwards integration Answer: Owning or controlling sources of raw materials and components. Q: Benchmarking Answer: Studying other companies business practices for comparison. Q: Bullwhip effect
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