OPM EXAM 1 COMPLETE QUESTIONS
AND 100% VERIFIED ANSWERS
\.What is Industry 4.0 - ANSWERS✔-1.0 = Industrial Revolution
2.0 = Mass Production
3.0 = Computers and Automation
4.0 = Systems + Human Integration
Using IoT in order to have customer focused systems
\.What things are associated with the IoT? - ANSWERS✔-Data Analytics, Deeper
look into processes, and technology and its interactions with people and society
\.What are the two main sides to business? - ANSWERS✔-Demand - Customer
needs, sales and marketing
Fulfillment and Supply - taking care of customers needs. Operations Management,
Supply Chain
Accounting helps keep score here
, \.What is the Transformation Process within the supply chain that creates wealth?
- ANSWERS✔-Input:
Raw Materials,
Capital, and Resources
Value Add:
Conversion to salable goods/services
Output:
Those Goods/Services
\.Which three things transfer between members of a SCM process? - ANSWERS✔-
Inventory, Data, and Cash
\.Upstream vs. Downstream - ANSWERS✔-Upstream is when materials go towards
suppliers in the supply chain
Downstream is when things go towards the customer in the supply chain
\.Careers in OSCM - ANSWERS✔-Quality, Process or Manufacturing engineer,
Materials and Inventory Planning, Scheduling, Production Management, Logistics,
Warehousing, etc.
\.What is APICS? (ASCM) - ANSWERS✔-the premier corporation in the operations
and supply chain management space. Binghamton has its own chapter
AND 100% VERIFIED ANSWERS
\.What is Industry 4.0 - ANSWERS✔-1.0 = Industrial Revolution
2.0 = Mass Production
3.0 = Computers and Automation
4.0 = Systems + Human Integration
Using IoT in order to have customer focused systems
\.What things are associated with the IoT? - ANSWERS✔-Data Analytics, Deeper
look into processes, and technology and its interactions with people and society
\.What are the two main sides to business? - ANSWERS✔-Demand - Customer
needs, sales and marketing
Fulfillment and Supply - taking care of customers needs. Operations Management,
Supply Chain
Accounting helps keep score here
, \.What is the Transformation Process within the supply chain that creates wealth?
- ANSWERS✔-Input:
Raw Materials,
Capital, and Resources
Value Add:
Conversion to salable goods/services
Output:
Those Goods/Services
\.Which three things transfer between members of a SCM process? - ANSWERS✔-
Inventory, Data, and Cash
\.Upstream vs. Downstream - ANSWERS✔-Upstream is when materials go towards
suppliers in the supply chain
Downstream is when things go towards the customer in the supply chain
\.Careers in OSCM - ANSWERS✔-Quality, Process or Manufacturing engineer,
Materials and Inventory Planning, Scheduling, Production Management, Logistics,
Warehousing, etc.
\.What is APICS? (ASCM) - ANSWERS✔-the premier corporation in the operations
and supply chain management space. Binghamton has its own chapter
