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Foundations of Operations Management Exam 1 Study Guide Questions & Answers 2025/2026

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Foundations of Operations Management Exam 1 Study Guide Questions & Answers 2025/2026 Chapter 1 - Introduction - ANSWERSKey Terms, Ideas & Concepts Operations and supply chain management (OSCM) - ANSWERSThe design, operation, and improvement of the systems that create and deliver the firm's primary products and services. Key Idea, pg. 4 - ANSWERSA good starting point for understanding a supply chain is to sketch out the network from start to finish. Key Idea, pg. 4 - ANSWERSThi...

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Operations Management Exam 1 Questions & Answers 2025/2026

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Operations Management Exam 1 Questions & Answers 2025/2026 Which the following statements is the best definition of operations management: - ANSWERSThe management of systems or processes that create goods and/or provide services Which of the following is the correct definition of Feedback in the transformation process? - ANSWERSmeasurements taken at various points in the transformation process for control purposes Financial statements, worker safety, quality, the environment, & the co...

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Operations Management Exam 1 OSU Questions & Answers 2025/2026

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Operations Management Exam 1 OSU Questions & Answers 2025/2026 Role of operations in an organization - ANSWERS-1 of 3 main functions of business. -ops transform material and service inputs into a product and service output -operational excellence drives value Process view - ANSWERS-can be a competitive advantage -inputs and outputs - external customers - ANSWERSa customer who is either an end user or an intermediary (eg. manufacturer, financial institute, retailer) buying the fir...

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Operations Management Exam 2 Questions & Answers 2025/2026

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Operations Management Exam 2 Questions & Answers 2025/2026 A facility layout that must allow for trade-offs between space and material handling would be a. a fixed position layout b. cellular manufacturing layout c. product-oriented layout d. process-oriented layout e. warehouse layout - ANSWERSwarehouse layout What is the purpose of a process-oriented/job shop layout? a. to increase the volume of production b. to decrease flexibility c. to minimize material handling costs d. to...

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Operations Management Exam 1 Review Chapters 1-4,6,&16 Questions & Answers

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Operations Management Exam 1 Review Chapters 1-4,6,&16 Questions & Answers Three Functions all Organizations Have - ANSWERS1. Marketing 2. Production/Operations 3. Finance/Accounting Supply Chain - ANSWERSA global network of organizations & activities that supplies a firm with goods & services Ten Strategic OM Decisions - ANSWERS1. Design of Goods & Services 2. Managing Quality 3. Process & Capacity Design 4. Location Strategy 5. Layout Strategy 6. Human Resources & Job ...

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Operations Management Final Exam Questions & Answers 2025/2026

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Operations Management Final Exam Questions & Answers 2025/2026 Supply Chain - ANSWERSThe facilities, functions and activities involved in producing and delivering a product or service from suppliers to customers. Supply Chain Management - ANSWERSManaging flow of information through supply chain in order to attain the level of synchronization that will make it more responsive to customer needs while lowering costs. Objective of Supply Chain Management - ANSWERSRespond to uncertainty in...

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Operations Management Exam 1 Ch 1-5 Questions & Answers 2025/2026

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Operations Management Exam 1 Ch 1-5 Questions & Answers 2025/2026 Operations Management - ANSWERSManagement of systems and processes that create goods or services A system - ANSWERSset of inter-related parts that must work together to be successful A process - ANSWERSone or more actions that transform various inputs into desired outputs Three major functions of a business - ANSWERSFinance, Marketing, and Operations Supply Chain - ANSWERSthe sequence of activities and enterprises...

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