Opma 317 midterm exam - Study guides, Class notes & Summaries

Definition of Operations & Supply Chain Management - correct answer The design, operation, and improvement of the systems that deliver goods & services Operations - correct answer Manufacturing and service processes that transform inputs into outputs Supply Chain Management - correct answer Processes that move information and material to and from the operations processes where the transformation from inputs to outputs occurs The changing world of operations (4) - correct answer ...

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throughput time : time to complete order cycle time : time between 2 consecutive orders completed bottle neck : slowest part of inv system operations 2 | P a g e : use resources to transform inputs to outputs supply chain mgmt : move info and material to and from the operations process where transformation occurs cross functional integratio

OPMA 317 – Midterm Exam Solved 100% Correct!!

Process flow chart : a diagram outlining the process from start to finish to compete a target goals, shows precedents, tasks, and time Processing time : time to produce an order Throughput time : the total timer required to complete a process How does knowing capacity help (3) 2 | P a g e : customer order promising (don't over promise), pricing/profit per unit (need to satisfy a return), inventory supplies (track required raw materials for operation) Bottleneck processing time : i...