BUS 370 Test 1 ACTUAL UPDATED Questions and CORRECT Answers
Terms in this set (94)
operations management the planning, scheduling, and control of the activities that transform inputs into
finished goods and services
supply chain A network of manufacturers and service providers that work together to create
products or services needed by end users. These manufacturers and service
providers are linked together through physical flows, information flows, and
monetary flows.
, Three reasons to study SCM pervasiveness, interdependence, profitability and survival
pervasiveness Every organization must
make a product or
provide a service that
someone values
interdependence Most organizations function as part of a larger supply chain
Profitability & Survival Organizations must carefully manage their operations and supply chains in order
to prosper, and indeed, survive
upstream simpler items
downstream trending towards finished product
career paths -Analyst
-Production Manager
-Service Manager
-Sourcing Manager
-Commodity Manager
-Supplier Development Manager
-International Logistics Manager
-Transportation Manager
OM transformation process inputs to outputs
leapfrog case study -increasing demand was for 700,000 by holiday
-molding constraints led them to make on 3,500 a day , made third mold that
allowed them to make 6,300 per day, 80% increase
-material constraints of custom electronics and tyvek a water proof paper,
contracted a US company
-logistics constraints of getting it from China to US, switched to air travel
Tesla Motors example - Business Strategy - Position Tesla as one of the leading manufacturers of
electric-powered vehicles
- Currently - Sales increasing dramatically with hopes to drastically reduce sales
price of entry level model
- Manufacturing and After-Sales Service Strategy
-Latest technology, high quality, reliable, top-notch customer service
-Upstream Sourcing Strategy
-Radically different electric drive train, shares common components such as
brakes with other vehicles, state of the art $5B lithium-ion battery plant
- Downstream Strategy
-Network of super-charging stations
Business strategy a mechanism for coordinating and guiding decisions regarding the elements of a
business
Terms in this set (94)
operations management the planning, scheduling, and control of the activities that transform inputs into
finished goods and services
supply chain A network of manufacturers and service providers that work together to create
products or services needed by end users. These manufacturers and service
providers are linked together through physical flows, information flows, and
monetary flows.
, Three reasons to study SCM pervasiveness, interdependence, profitability and survival
pervasiveness Every organization must
make a product or
provide a service that
someone values
interdependence Most organizations function as part of a larger supply chain
Profitability & Survival Organizations must carefully manage their operations and supply chains in order
to prosper, and indeed, survive
upstream simpler items
downstream trending towards finished product
career paths -Analyst
-Production Manager
-Service Manager
-Sourcing Manager
-Commodity Manager
-Supplier Development Manager
-International Logistics Manager
-Transportation Manager
OM transformation process inputs to outputs
leapfrog case study -increasing demand was for 700,000 by holiday
-molding constraints led them to make on 3,500 a day , made third mold that
allowed them to make 6,300 per day, 80% increase
-material constraints of custom electronics and tyvek a water proof paper,
contracted a US company
-logistics constraints of getting it from China to US, switched to air travel
Tesla Motors example - Business Strategy - Position Tesla as one of the leading manufacturers of
electric-powered vehicles
- Currently - Sales increasing dramatically with hopes to drastically reduce sales
price of entry level model
- Manufacturing and After-Sales Service Strategy
-Latest technology, high quality, reliable, top-notch customer service
-Upstream Sourcing Strategy
-Radically different electric drive train, shares common components such as
brakes with other vehicles, state of the art $5B lithium-ion battery plant
- Downstream Strategy
-Network of super-charging stations
Business strategy a mechanism for coordinating and guiding decisions regarding the elements of a
business
