OPMA 3306 exam1,2&3 OPERATIONS MANAGEMENT
Final Exam Review newest update 2026
What are the three elements that require integration to be successful in
operations and supply chain management?
Strategy, processes, and analytics
Receivable turnover ratio
Annual credit sales/Average accounts Receivable
Inventory turnover ratio
cost of goods sold/Average inventory value
Asset turnover ratio
Total Revenue (or Sales)/total Assets
A manufacturing company has entered into a new contract with a major supplier
of raw materials used in the manufacturing process. Under the new arrangement,
called vendor managed inventory, the supplier manages their raw material
inventory inside the manufacturer's plant, and only bills the manufacturer when
the manufacturer consumes the raw material. How is this likely to affect the
manufacturer’s inventory turnover ratio?
It will decrease
What is the name of the process in which one company studies the processes of
another firm in order to identify best practices?
Benchmarking
A company has recently implemented an automated online billing and payment
processing system for orders it ships to customers. As a result, it has reduced the
average number of days between billing a customer and receiving payment by 10
days. How will this affect the receivables turnover ratio?
It will increase
Which major OSCM concept can be described as an integrated set of activities
designed to achieve high-volume production using minimal inventories of parts
that arrive at workstations exactly when they are needed?
, OPMA 3306 exam1,2&3 OPERATIONS MANAGEMENT
Final Exam Review newest update 2026
JUst in time (JIT) production
Which historical development in OSCM relates to the ability of a firm to maintain
balance in a system, considering the ongoing economic, employee, and
environmental viability of the firm?
Sustainability
Shell Oil Company's motto "People, Planet and Profit" is a real-world
implementation of what OSCM concept?
Triple bottome line
What is the term used to describe product attributes that attract certain
customers and can be used to form the competitive position of a firm?
competitive dimensions
What are the two main competitive dimensions related to product delivery?
Design quality and process quality
What is defined as the likelihood of disruption that would impact the ability of a
company to continuously supply products or services?
Supply chain risk
Risks caused by natural or manmade disasters, and therefore impossible to
reliably predict, are called ___________. (Choose the correct answer to fill in the
blank.)
Disruption risk
Match the following common risks with the appropriate mitigation strategy: Use
Exhibit 2.3
A. Detailed Tracking alternate suppliers
B. Carefully select and monitor suppliers
C. contingency planning insurance
D. Good legal advice, compliance
E. Currency hedging, local sourcing
, OPMA 3306 exam1,2&3 OPERATIONS MANAGEMENT
Final Exam Review newest update 2026
Country Risk=E
Regulatory Risk=D
Logistics failure=A
Natural disaster=C
Major quality failure=B
The assessment of the probability of a negative event against the aggregate
severity of the related loss is called?
Risk Mapping
As operations manager, you are concerned about being able to meet sales
requirements in the coming months. You have just been given the following
production report:
Find the average of the monthly productivity figures (units per machine hour)
Step 1: calculated machine hours
(hours per machine)*(Number of Machines)=
Step 2: calculated unite per machine per hour
(units produce/ total machine hours)
Step 3: calculated the average
(add the units per machine)/ by number of months
Sailmaster makes high-performance sails for competitive windsurfers. Below is
information about the inputs and outputs for one model, the Windy 2000.
Calculate the productivity in sales revenue/labor expense. (Round your answer to
2 decimal places.)
Step one: Calculated Sales revenue and labor expense
(Units sold* Sale Price)= sales revenue
(Total Labor hours * Wage Rate)= labor expense
Step two: calculated sales revenue / labor expense
Final Exam Review newest update 2026
What are the three elements that require integration to be successful in
operations and supply chain management?
Strategy, processes, and analytics
Receivable turnover ratio
Annual credit sales/Average accounts Receivable
Inventory turnover ratio
cost of goods sold/Average inventory value
Asset turnover ratio
Total Revenue (or Sales)/total Assets
A manufacturing company has entered into a new contract with a major supplier
of raw materials used in the manufacturing process. Under the new arrangement,
called vendor managed inventory, the supplier manages their raw material
inventory inside the manufacturer's plant, and only bills the manufacturer when
the manufacturer consumes the raw material. How is this likely to affect the
manufacturer’s inventory turnover ratio?
It will decrease
What is the name of the process in which one company studies the processes of
another firm in order to identify best practices?
Benchmarking
A company has recently implemented an automated online billing and payment
processing system for orders it ships to customers. As a result, it has reduced the
average number of days between billing a customer and receiving payment by 10
days. How will this affect the receivables turnover ratio?
It will increase
Which major OSCM concept can be described as an integrated set of activities
designed to achieve high-volume production using minimal inventories of parts
that arrive at workstations exactly when they are needed?
, OPMA 3306 exam1,2&3 OPERATIONS MANAGEMENT
Final Exam Review newest update 2026
JUst in time (JIT) production
Which historical development in OSCM relates to the ability of a firm to maintain
balance in a system, considering the ongoing economic, employee, and
environmental viability of the firm?
Sustainability
Shell Oil Company's motto "People, Planet and Profit" is a real-world
implementation of what OSCM concept?
Triple bottome line
What is the term used to describe product attributes that attract certain
customers and can be used to form the competitive position of a firm?
competitive dimensions
What are the two main competitive dimensions related to product delivery?
Design quality and process quality
What is defined as the likelihood of disruption that would impact the ability of a
company to continuously supply products or services?
Supply chain risk
Risks caused by natural or manmade disasters, and therefore impossible to
reliably predict, are called ___________. (Choose the correct answer to fill in the
blank.)
Disruption risk
Match the following common risks with the appropriate mitigation strategy: Use
Exhibit 2.3
A. Detailed Tracking alternate suppliers
B. Carefully select and monitor suppliers
C. contingency planning insurance
D. Good legal advice, compliance
E. Currency hedging, local sourcing
, OPMA 3306 exam1,2&3 OPERATIONS MANAGEMENT
Final Exam Review newest update 2026
Country Risk=E
Regulatory Risk=D
Logistics failure=A
Natural disaster=C
Major quality failure=B
The assessment of the probability of a negative event against the aggregate
severity of the related loss is called?
Risk Mapping
As operations manager, you are concerned about being able to meet sales
requirements in the coming months. You have just been given the following
production report:
Find the average of the monthly productivity figures (units per machine hour)
Step 1: calculated machine hours
(hours per machine)*(Number of Machines)=
Step 2: calculated unite per machine per hour
(units produce/ total machine hours)
Step 3: calculated the average
(add the units per machine)/ by number of months
Sailmaster makes high-performance sails for competitive windsurfers. Below is
information about the inputs and outputs for one model, the Windy 2000.
Calculate the productivity in sales revenue/labor expense. (Round your answer to
2 decimal places.)
Step one: Calculated Sales revenue and labor expense
(Units sold* Sale Price)= sales revenue
(Total Labor hours * Wage Rate)= labor expense
Step two: calculated sales revenue / labor expense
