Omgt final exam Study guides, Class notes & Summaries

OMGT Final Exam QUESTIONS AND ANSWERS / GRADED A /2023/2024 / ALL ANSWERS CORRECT Mega Co. contracts with Service Co. to manufacture 100 custom service trucks, to be delivered in ten months. One month after making the contract, Mega Co. learns that its supplies will cost double what it expected. Thus, Mega Co. will lose $800,000 if it performs the contract with Service Co. Mega Co. advises Service Co. that it will not perform under the contract. This is called ______. - CORRECT ANSWER A...

The cheap objective of supply chain management is to achieve and sustain competitive advantage in the market by providing value to the customer: correct answers true In the SCORE-DS model its diagram, is the diagram that identifies the organizations upstream and downstream supply chain: correct answers true What is the definition of flexibility? correct answers Reconfiguring systems rapidly to manage change. • Includes product flexibility (i.e., customization), volume flexibility (i.e.,...

OMGT Final Exam QUESTIONS AND ANSWERS / GRADED A /2023/2024 / ALL ANSWERS CORRECT

The chief objective of supply chain management is to: correct answers achieve and sustain competitive advantage in the market by providing value to the customer The SCOR-DS model: correct answers identifies the entire process and it is NOT used to identify what is upstream and downstream. Definition of flexibility: correct answers reconfiguring systems rapidly to manage change Supply chain involves 3 parts: correct answers sourcing, operations, logistics The value model chain was des...

What is a mission statement? correct answers Statement that explains why an organization exists. Describes its core values and identifies the organization's domain. Know the deference between functional strategy and infrastructure strategy correct answers § Translates a business strategy into specific actions for functional areas such as marketing, human resources, and finance. § Includes the policies, people, decisions Structural elements include what correct answers Includes tangible...

OMGT Final Exam QUESTIONS AND ANSWERS / GRADED A /2023/2024 / ALL ANSWERS CORRECT

Mega Co. contracts with Service Co. to manufacture 100 custom service trucks, to be delivered in ten months. One month after making the contract, Mega Co. learns that its supplies will cost double what it expected. Thus, Mega Co. will lose $800,000 if it performs the contract with Service Co. Mega Co. advises Service Co. that it will not perform under the contract. This is called ______. - Anticipatory repundiation The ___________ establishes a deadline by which a party must sue to enforce ...

OMGT Final Exam QUESTIONS AND ANSWERS / GRADED A /2023/2024 / ALL ANSWERS CORRECT Mega Co. contracts with Service Co. to manufacture 100 custom service trucks, to be delivered in ten months. One month after making the contract, Mega Co. learns that its supplies will cost double what it expected. Thus, Mega Co. will lose $800,000 if it performs the contract with Service Co. Mega Co. advises Service Co. that it will not perform under the contract. This is called ______. - CORRECT ANSWER ...

OMGT 4313 FINAL EXAM STUDY GUIDE | QUESTIONS WITH100% CORRECT ANSWERS | UPDATED 2024

OMGT 4313 FINAL EXAM STUDY GUIDE | QUESTIONS WITH100% CORRECT ANSWERS | UPDATED 2024