Exam 1: Operations and Supply Chain Management

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Delivering is not considered in supply chain analysis when outside carriers are contracted to move products to customers.

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False

Operations and supply chain strategy are not important issues to investors who tend to focus on growth,dividends and earnings per share.

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The Goods-Services Continuum consists of which set of the following categories?

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B

It is critical that a sustainable strategy meet the needs of shareholders and employees.It is also highly desirable that it preserves the environment.

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Sustainability is the ability to maintain profits in a system.

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The central idea of supply chain management is to apply a total system approach to managing the flow of information,materials,and services from raw material suppliers through factories and warehouses to the end customer.

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Operations and supply chain processes can be conveniently categorized as planning,sourcing,making,and delivering.

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The "triple bottom line" relates to the economic,employee,and environmental impact of a firm's strategy.

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Which of the following are defined as core goods?

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Science Management and Engineering aims to apply the latest concepts in information technology to continue to improve service productivity of technology-based organizations.

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"Product-service bundling" refers to a company building service activities into its product offerings for its customers.

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List five OSCM job titles. 1.___________________ 2.___________________ 3.___________________ 4.___________________ 5.___________________

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The supply network as can be thought of as a pipeline through which cash,material and information flows.

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"Operations" refers to manufacturing and service processes used to transform resources employed by a firm into products desired by customers.

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The ability to maintain balance in a system is referred to as _______________.

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Automobiles and appliances are classified as "pure goods."

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Services are intangible processes that cannot be weighed or measured.

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One of the "package of features" that make up a service is:

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The term "value" refers to the relationship between quality and the price paid by the consumer.

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Operations and supply chain management is defined as the design,operation,and improvement of the systems that create and deliver the firm's primary products and services.

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