Om 300 - Study guides, Class notes & Summaries

University of Alabama OM 300 Chilcutt Final Exam with Verified Answers| 100% Correct| 100% Score Production - The making of goods and services Productivity - is the ratio of outputs (goods and services) Multifactor productivity - indicates the ratio of goods and services produced (outputs) to many or all resources (inputs) Competitive Advantage - the creation of a unique advantage over competitors Product Life Cycle - introduction, growth, maturity, decline Outsourcing - transferring a f...

OM 300 Exam 2 Chillcut Questions And Answers With Real Tests Product Life Cycle ANS 1. Introductory Phase 2. Growth Phase 3. Maturity Phase 4. Decline Phase Introductory Phase ANS Fine tuning may warrant unusual expenses for Research, Product development, Process modification and enhancement, & Supplier development Growth Phase ANS Product design begins to stabilize, Effective forecasting of capacity becomes necessary, Adding or enhancing capacity may be necessary

OM 300 EXAM 3 NORTHAM UNIVERSITY OF ALABAMA NEWEST ACTUAL EXAM COMPLETE 163+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

OM 300 Exam 1 Northam Questions And Answers Rated A+ What is a model? ANS A purposeful representation of key elements of objects or systems and the relationships among them; provides abstract representation of something real What should be omitted in a model? ANS Useless data What are the four different types of models? ANS 1. Mental Models 2. Visual Models 3. Physical Models 4. Mathematical Models What is mental model? ANS Models that tell you what to do; example: traffic light...

OM 300 Exam 1 Nunnelley Complete Questions And Answers What are the different levels of analytics? ANS -Optimization -What's the best decision? -Predictive Modeling -What will or could happen? -Forecasting -What if these trends continue? -Statistical Analysis -Why is this happening? Examples: -Identifying profitable and loyal customers -Determining the optimal price for a product or service -Finding the lowest possible level of inventory without reducing availability to the ...

OM 300 Exam 1 Chilcutt Verified Questions And Answers Rated A+ Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. marketing B. finance/accounting C. research and development D. production/operations ANS C. Research and Development Which of the following activities at a commercial bank is NOT an operations activity? A. auditing B. maintenance C. check clearing D. security ANS A. Auditing A global ne...

UNIVERSITY OF ALABAMA OM 300 CHILCUTT FINAL EXAM NEWEST ACTUAL EXAM COMPLETE 50+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

OM 300 Exam 2-Part 3 Verified Study Questions And Answers The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs an important motivation for a firm to improve its operations ANS Quality States that an operations manager's objective is to build a system like this that identifies and satisfies customer needs Encompasses entire organization from supplier to customer Stresses a commitment by management to have ...

OM 300 Northam Exam 1 With Complete Solutions

OM 300 - Exam 1 With Complete Solutions