Exam 1: Operations and Supply Chain Management

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Raising senior management awareness of OSCM as a competitive weapon is not an important issue.

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Business process reengineering,which seeks revolutionary change,is contrasted with total quality management which commonly advocates incremental change.

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A doctor completes a surgical procedure on a patient without error.The patient dies anyway.In operations management terms,we could refer to this doctor as being efficient but not effective.

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Doing something at the lowest possible cost is called: ________________.

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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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Effectiveness means doing the right things to create the most value for the company.

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What is a total systems approach to managing the flow of information,materials,and services from raw material suppliers through factories and warehouses to the end customer called? ________________________________

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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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Just in time (JIT)production was a major breakthrough in manufacturing philosophy pioneered by the Japanese.

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One reason for studying operations and supply chain management (OSCM)is which of the following?

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Central to the concept of operations strategy are the notions of operations focus and trade-offs.

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Which of the following is not a characteristic that distinguishes services from goods?

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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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Value is the ratio of ___________________________.

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Processes that are used to transform resources into products are called ________________.

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Which of the following are not listed in the text as jobs in OSCM?

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A pipeline through which material and information flows is a conception of a _______________________.

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

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What is a major industry and university program aiming to apply the latest concepts in information technology to continue to improve service productivity of technology-based organizations called? _____________________________________________

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Service innovations can be patented.

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