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OSCM 373 Exam 1 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

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OSCM 373 Exam 1 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

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OSCM 373
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OSCM 373

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OSCM 373 Exam 1 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

Value-Added = Price of output - cost of input


The 4 Competitive Dimensions Price, Response Time, Quality, Variety


ACRONYM for the 4 Competitive Dimensions Penguins Rapidly Tapdance Quietly on Volcanos

, Goods are ... Tangible / Physical Items


Services are ... Intangible / Act-oriented


The role of an Operations Manager is ... to guide the system with decision making


System Design includes: Capacity
Location
Layout
Planning


ACRONYM for System Design: Canyons Look Long & Plain


How many sources of waste are there? 8 sources


What are the sources of waste? 1. Inventory
2. Over-production
3. Wait time
4. Transportation
5. Over-processing
6. Ineffective work methods
7. Defects
8. Underuse of worker skill


ACRONYM for sources of waste: Imaginary Owls Watch the Oddest Inventions During Unicycling


The 5 S's describe ... How to eliminate waste




Sort, Simplify, Shine, Standardize, Sustain The 5 S's


What are the two additional S's? Safety and Support/Maintenance


Plan and Decision-Making Hierarchy 1. Mission
2. Goals
3. Org. Strategy
4. Ops. Strategy
5. Tactics
6. Procedures
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