Om 300 - Study guides, Class notes & Summaries

OM 300 Exam 1 Questions And Answers 2024 Verified Tests Inputs ANS human resources; facilities &processes; technologies; materials outputs ANS goods; services What is operations management? ANS The business function responsible for planning, coordinating, and controlling the resources needed to produce products and services for a company Why study OM? ANS 1. OM is one of three major functions of any organization, we want to study how people organize themselves for productive enterp...

OM 300 Test 1 Latest Questions And Answers With Real Quiz The creation of goods and services is referred to as: A. formation. B. design. C. transformation. D. production. ANS D. production. The set of activities that relate to the creation of goods and services through the transformation of inputs to outputs is referred to as A. finance. B. marketing. C. operations management. D. supply chain management. ANS C. operations management. Which of the following is NOT c...

Chilcutt OM 300 Exam 3 Questions And Answers Rated A+ supply chain ANS the network of activities that deliver a product or service to the customer. activities within the supply chain ANS 1. obtaining raw materials 2. transforming raw materials into basic finished goods 3. further processing of basic finished goods into customized products that are sold supply chain echelon/tiers ANS -the lower the tier level, the closer the level to the customer objective of supply chain managemen...

OM 300 Final Questions And Answers With Verified Study Solutions At random time ANS In work sampling, when should observations be taken? Increased material handling ANS Kanban is not associated with: moving back in time (Apple going back to the orchard) ANS Looking at vertical integration, when you consider backward integration, you are that it takes to process one unit at a station. ANS Throughput measures the time: Andon ANS Which of the following is a visual signal at a mach...

OM 300 Exam 1 Questions And Answers 2024 Updated Study Set Operations Management ANS the business function responsible for planning, coordinating, and controlling the resources needed to produce a company's goods and services Role of operations ANS to transform organizational inputs into outputs. value added ANS the net increase created during the transformation of inputs into final outputs efficiency ANS performing activities at the lowest possible cost Manufacturing organizat...

OM 300 Exam 1 Northam Verified Study Questions And Answers What is TQM? ANS quality emphasis that encompasses the entire organization, from supplier to customer Managing quality supports: ANS differentiation, low cost, and response strategies How does quality improve profitability? ANS Quality increases sales gains and reduces costs Quality increases sales gains through what measures? ANS 1. Improved response 2. Flexible Pricing 3. Improved Reputation

OM 300 Chilcutt Exam 1 Questions And Answers With Verified Solutions Operations Management ANS the set of activities that create value in the form of goods and services by transforming inputs into outputs Marketing ANS generates demand accounting ANS tracks how well the organization is doing, pays bills, and collects money operations ANS creates the product supply chain ANS a global network of organizations and activities that supply a firm with goods and services. --Farm to f...

OM 300 Exam 1 – Northam Exam Questions With Revised Correct Detailed Answers |ALREADY GRADED A+ PASS >> BRAND NEW VERSION! 1) How do goods and services differ? - ANSWER Products Services: Non-tangible products Goods: Tangible (Most companies provide a mixture of the two. i.e: Hard Rock Cafe's goods are the foods served while their services is the customer service and general experience) 2) What is productivity? - ANSWER The ratio of outputs (goods an...

OM 300 Nunnelly Exam 3 Questions And Answers Rated A+ One use of inventory is A. to tightly synchronize production and distribution processes. B. to provide a hedge against inflation. C. to tightly synchronize a firm's production with its customers' demand. D. to ensure that item cost is maximized. ANS B The objective of inventory management is to A. decouple various parts of the production process. B. provide a selection of goods for anticipated customer demand. C. take advantage ...

OM 300 CHILCUTT EXAM 1 NEWEST ACTUAL EXAM COMPLETE 76+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+