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WGU C215 Operations Management Questions and Answers Already Passed

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WGU C215 Operations Management Questions and Answers Already Passed

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WGU C215 Operations Management Questions and Answers Already
Passed
Advertising revenue model -Ans>>Provides users with information on services and products and
provides an opportunity for suppliers to advertise

Affiliate revenue model -Ans>>Companies receive a referral fee for directing business to an affiliate

Appraisal cost -Ans>>The cost associated with uncovering defects

Automated order entry systems -Ans>>A method using telephone models to send digital orders to
suppliers.

Backwards integration -Ans>>Owning or controlling sources of raw materials and components.

Benchmarking -Ans>>Studying other companies business practices for comparison.

Bullwhip effect -Ans>>Inaccurate or distorted demand information created in the supply chain.

Business to Business commerce -Ans>>Businesses buying and selling to other businesses.

Business to consumer commerce -Ans>>Businesses selling to individual consumers.

Cause and effect diagrams -Ans>>A chart that identifies potential causes of particular quality
problems.

Checklist -Ans>>A list of common defects and the number of observed occurrences of each.

Conformance to specifications -Ans>>how well a product or service meets the targets and tolerances
set by designers.

Continuous improvement -Ans>>A philosophy of never ending improvement.

Control charts -Ans>>Charts used to evaluate whether a process is operating within expectations.

Crossdocking -Ans>>Eliminates storage and order picking functions of a distribution warehouse.

Customer defined quality -Ans>>an integrated effort designed to improve quality performance at
every level of the organization.

Deming Prize -Ans>>Japanese award for companies to recognize efforts in quality improvement.

Distribution management -Ans>>Responsible for the movement of material from the manufacturer to
the customer.

Distribution warehouse -Ans>>Used for short term storage, consolidation, and product mixing.

Distributor crossdocking -Ans>>the receiving and consolidating of inbound products from different
vendors into a multi-SKU pallet.

E-commerce -Ans>>Using the internet and web to do business.

E-distributors -Ans>>Independently owned net marketplaces having catalogs representing thousands
of suppliers and designed for spot purchases.

, E-purchasing -Ans>>Companies that connect onlone MRO suppliers to businesses that pay fees to join
the market, usually for long term contractual purchasing.

Early supplier involment (ESI) -Ans>>Involvement of critical suppliers in new product design.

Electronic data interchange (EDI) -Ans>>A form of computer to computer communications that
enables sharing business documents.

Electronic requests for quotes (eRFQs) -Ans>>An electronic request for a quote on goods and services.

Electronic storefront -Ans>>online catalogs of products made available to the general public by a
single supplier

Exchanges -Ans>>Marketplaces that focus on spot requirements of larger firms in a single industry

External Failure costs -Ans>>Costs associated with failures that occur at the customer site.

Extranets -Ans>>intranets that are linked to the internet so that suppliers and customers can be
included in the system.

Fitness for use -Ans>>How well the product performs its intended purpose.

Flowchart -Ans>>A schematic of the sequence of steps involved in a process.

Forward integration -Ans>>Owning or controlling the channels of distributions

General warehouse -Ans>>used for long term storage

Green supply chain management -Ans>>Focucses on the role of the supply chain with regard to its
impact on the environment.

Histogram -Ans>>A chart that shows frequency distribution of observed values of a variable.

Incoming inspection -Ans>>verifies the quality of incoming goods

Industry consortia -Ans>>Industry owned markets for purchase of direct inputs from limited number
of suppliers.

Insourced -Ans>>processes and activities completed in house

Internal failure costs -Ans>>costs associated with discovering poor quality product before it reaches
customers.

Intranets -Ans>>networks internal to the organization

ISO 14000 -Ans>>Set of standards & certification focused on environmental responsiblity

ISO 9000 -Ans>>Set of quality standards & certification indicating companies have met that standard.

Kaizen -Ans>>Japanese term for continuous improvement through learning and problem solving.

Logistics -Ans>>Obtaining, producing an distributing materials and products.

Malcolm Baldridge Award -Ans>>Award for demonstrating quality excellence and establishing best
practices.

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