OM 300 FINAL EXAM, NATHAN
CHILCUTT, UNIVERSITY OF
ALABAMA, FALL 2019 SEMESTER
CORRECT 100%
Core Competencies - ANSWER- A defining capability or advantage that
distinguishes an enterprise from its competitors.
*DO NOT OUTSOURCE THESES
Product Life Cycle Stages - ANSWER*Introduction
Growth
Maturity
Decline
Supply Chain - ANSWER*Global network of organizations and activities that supply
a firm with goods and services
VMI - ANSWER*Vendor Management Inventory
- (Think Coke, Pepsi, Beer)
- Approach to inventory management and order fulfillment. Involves collaboration
between suppliers and their customers.
CPFR - ANSWER*Collaborative, Planing, Forecasting, and Replenishment
- seeks cooperative management of inventory through joint visibility and
replenishment of products through supply chain.
Bottleneck Time - ANSWER*slowest workstation in a production system
Inventory (objective & use) / types of inventory - ANSWER
Kaizen - ANSWER*Means continuous improvement
- It's an approach to production that aims to achieve change from a series of small
steps
4 M's of Business Operation - ANSWERMoney, Material, Machine, and Manpower
Poka-yoke - ANSWER*Mistake-Proofing
CHILCUTT, UNIVERSITY OF
ALABAMA, FALL 2019 SEMESTER
CORRECT 100%
Core Competencies - ANSWER- A defining capability or advantage that
distinguishes an enterprise from its competitors.
*DO NOT OUTSOURCE THESES
Product Life Cycle Stages - ANSWER*Introduction
Growth
Maturity
Decline
Supply Chain - ANSWER*Global network of organizations and activities that supply
a firm with goods and services
VMI - ANSWER*Vendor Management Inventory
- (Think Coke, Pepsi, Beer)
- Approach to inventory management and order fulfillment. Involves collaboration
between suppliers and their customers.
CPFR - ANSWER*Collaborative, Planing, Forecasting, and Replenishment
- seeks cooperative management of inventory through joint visibility and
replenishment of products through supply chain.
Bottleneck Time - ANSWER*slowest workstation in a production system
Inventory (objective & use) / types of inventory - ANSWER
Kaizen - ANSWER*Means continuous improvement
- It's an approach to production that aims to achieve change from a series of small
steps
4 M's of Business Operation - ANSWERMoney, Material, Machine, and Manpower
Poka-yoke - ANSWER*Mistake-Proofing
