Exam 1: Introduction

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"Supply chain" refers to processes that move information and material to and from the manufacturing and service processes of the firm.

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Internet technology has made the sharing of reliable real-time information expensive.

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Service innovations can be patented.

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Operations and supply management changes constantly because of the dynamic nature of competing in global business and the constant evolution of information technology.

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Core service providers integrate tangible goods into their product.

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Supply networks cannot be constructed for every product or service.

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Capturing information directly from the source through such systems as point-of-sale, radio-frequency identification tags, bar-code scanners, and automatic recognition has had little impact on operations and supply chain management.

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Investors pay close attention to efficiency and productivity measures like net income per employee because they are interested in how well the firm manages its workforce relations.

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OSCM is a functional field of business with clear line management responsibilities.

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Use of systems like point-of-sale, radio-frequency identification tags, bar-code scanners, and automatic recognition has made it more difficult to understand what all the information is saying.

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The approach that advocates making revolutionary changes as opposed to evolutionary changes is called "business process reengineering."

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The mathematical results of Business Analytics are used to automate decision making and eliminate the decision maker.

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Green and black belt programs teach six-sigma quality tools to managers at many corporations.

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Which of the following is not a way that operations and supply processes are categorized?

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A supply chain manager is an OSCM job while a purchasing manager is not.

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Returning involves processes for receiving worn-out, defective, and excess products back from customers but does not involve support for customers who have problems with the product.

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The correct order in the good-services continuum is

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"Business analytics" involves the analysis of data through a unique combination of linear programming, game theory, and queuing theory to better solve business problems.

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The goods-services continuum consists of which set of the following categories?

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"Product-service bundling" refers to a company building service activities into its product offerings for its customers.

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