Scma 331 - Study guides, Class notes & Summaries

Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. - correct answer True Which of the following statements regarding Arnold Palmer Hospital is FALSE? A) The hospital uses a wide range of quality management techniques. B) The culture of quality at the hospital includes employees at all levels. C) The hospital scores very highly in national studies of patient satisfaction. D) The hospi...

Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements - correct answer True Because Hard Rock Cafés are themed restaurants, operations managers focus their layout design efforts on attractiveness while paying little attention to efficiency. - correct answer False All organizations, including service firms such as banks and hospitals, have a production function. - correct answer True Opera...

A few of the variables for which data were collected in a recent study about online shopping include age in years, whether or not the individual graduated from VCU, income, and number of hours spent shopping online per month. Which of the variables is categorical? - correct answer VCU Graduate as a 0 or 1 (0 for No, 1 for Yes) A recent study about online shopping asked respondents to indicate their education level on the following scale: "Less than High School," "High School," "Some Co...

SCMA 331 FINAL CH 14 Questions &Answer 2023/2024 Wheeled Coach obtains competitive advantage through MRP in part because of their excellent record integrity and insistence on record accuracy. Answer - True MRP is generally practiced on items with dependent demand.

How does location relate to strategy? - correct answer The type of facility and its location affects the supply chain structure. What factors should be considered when determining a location? - correct answer economic and non-economic factors. What is the scoring/factor weighted model? - correct answer Consists of a list of major location criteria, each of which is partitioned into several levels, and an assigned score to each level that reflects its relative importance. What is t...

What is generally true about forecasts ? - correct answer They are always wrong Two general categories of forecasting are Casual forecasts and Time-series forecasts - correct answer True What is the best type of forecasting technique to use? - correct answer There is no "one best" forecasting technique What is required to effectively manage inventory - correct answer an accounting system to track the number of items. A forecast that includes an estimate of forecast error. W...

SCMA 331 Final Chapter 11S Question and Answers 2023 Unfortunately, not many supply chain metrics exist that can be effectively used to evaluate performance within a company and for its supply chain partners. Answer - False The Great East Japan Earthquake of 2011 was centered off of the Pacific coast of which region

Define supply chain management - correct answer The coordination of all supply chain activities involved in enhancing customer value What are the objectives of supply chain management - correct answer to structure the supply chain to maximize its competitive advantage and benefits to the ultimate consumer. What is the objective of logistics management? - correct answer seeks efficiency of operations through the integration of all material acquisition, movement, and storage activities...

SCMA 331 - CH 12 EXAM QUESTIONS WITH 100% CORRECT ANSWERS { GRADED A+} Which of the following statements regarding A is FALSE? - B) The company was founded as, and still is, a "virtual" retailer with no inventory. Which of the following would NOT generally be a motive for a firm to hold inventories? - D) to minimize holding costs Which of the following is a function of inventory? - E) All of the above are functions of inventory. Which of the following is NOT one of the four m...

SCMA 331- Exam 2 Chap 6 Supplement (Answered) With Complete solution 2023/2024 Some degree of variability is present in almost all processes. True The purpose of process control is to detect when natural causes of variation are present. False A normal distribution is generally described by its two parameters: the mean and the range. False A process is said to be in statistical control when assignable causes are the only sources of variation. False Mistakes stemming from workers' inad...