Exam 1: Operations and Supply Chain Strategy

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Provide examples of the transformation process that occurs while transforming inputs to outputs.

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Physical properties: heat-treat metal; shape: form metal in a press; fixed dimensions: cut metal with a lathe; surface finish: shot peen the metal finish; joining parts and materials: weld two pieces of metal.Examples will vary.

Describe mass customization,and discuss a critical element when pursuing a customization strategy.

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New technologies such as the Internet and computer-aided technology are increasingly allowing mass customization,the process in which products are produced in high volume at roughly the same cost as standard products but are customized to individual customer tastes.A critical element when pursuing a customization strategy is involving the customer at appropriate points in the design and production process.

Setting a competitive priority does not automatically ensure that goals will be achieved.

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Provide a mission statement for a low-cost airline.

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Which of the following is/are fundamental differences between services and manufacturing?

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A structural decision might ask how much capacity a new plant will need.

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In manufacturing,excessive customer contact allows a process to be more standardized than a process with no customer involvement.

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Which of the following statements does not apply to a service?

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Which competitive priority is particularly important in a dynamic industry,such as electronics,computers,or fashion?

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Which of the following is not generally a competitive priority a company can employ?

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When more specific details are provided by breaking high-level business strategies,we are referring to

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Flexibility refers to a strategy that seeks to provide a product or service that is less expensive than similar products or services offered by competitors.

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Which of the following is a strategic issue in operations management?

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On-time delivery describes a company's ability to

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Which item in the following list does not present a challenge in managing a supply chain?

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The goal of individual companies is to manage their supply chain so that it provides a competitive edge that makes the company's product or service superior to that of another producer.

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Discuss the natural tension that can occur between functions such as operations,marketing,and finance.

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Superior quality involves offering something that customers will pay a premium for,that is,something that outshines the competition.

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A structural decision might ask what metric should be used in a particular quality system.

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Functional strategies specify the core goals of areas like operations,marketing,finance,or IT.

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