CH 1 Homework Questions

5 September 2022
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Operations and Supply Chain Mgmt
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The design, operation, and improvement of the systems that create and deliver the firm's primary products and services.
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OSCM is concerned with the management of the entire system that produces a _______ or delivers a _______.
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product; service
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The goods-services continuum consists of which set of the following categories? 1. No goods, some goods, even mix, some service, no service 2. Pure goods, core goods, core services, pure services 3. No service, some service, good service, excellent service 4. self-service, help desk service, face-to-face service, service with a smile
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2. Pure goods, core goods, core services, pure services
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Which of the following are defined as core goods? (something a company specializes in) 1. Chemicals 2. Airlines 3. Data storage systems 4. Hotels
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3. Data storage systems
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Current issues in OSCM do not include: 1. Coordinating relationships between organizations 2. Increasing global supply chain employment 3. The triple bottom line 4. Managing customer touch points 5. Making senior management aware that OSCM can be competitive weapon
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2. Increasing global supply chain employment
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Which of the following is NOT a characteristic that distinguishes services from goods? 1. Service jobs are unskilled 2. A service is intangible 3. Services are perishable 4. Services are heterogeneous 5. None of these
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1. Service jobs are unskilled
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In the history of operations management the use of continuous improvement and value engineering started in what decade?
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1990s
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Which of the following gurus are credited with helping to develop total quality management (TQM)? a. Lillian Gilbreth b. JM Juran c. Robert Jacobs d. George b Dantzig e. FW Harris
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JM Juran
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Which of the following is not a measure of operations and supply chain management efficiency? a. Inventory turnover b. Asset turnover c. Receivable turnover d.Earning per share e. Revenue per employee
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d. Earning per share
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A total systems approach to managing the flow of information, materials and services from raw material suppliers to the end customer is called what?
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Supply chain management
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One of the characteristics that distinguish a manufactured product from a service product is which of the following? a. Customers often directly interact with manufacturing workers b. A service product is superficial c. Customers can purchase the identical service product from a number of outlets d. A manufactured product is a tangible, physical item e. Customers are always directly involved in creating the output
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d. A manufactured product is a tangible, physical item
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Which of the following product attributes is a value added service? Effectiveness lowest cost internet monitoring of orders speed excellent quality
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internet monitoring of orders
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Operation and supply chain management involves product __________ purchasing manufacturing service _________ logistics distribution
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design ; operations
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Success depends on
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strategy, processes to deliver P&S, analytics to support decisions
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Operations manufacturing and service process used to _______
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transform resources into products
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Supply Chain Processes that move info and material __________
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to and from the firm
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Transformation Processes Physical -
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manufacturing
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Transformation Processes Location
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transportation
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Transformation Processes Exchange
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Retailing
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Transformation Processes Storage
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Warehousing
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Transformation Processes Physiological
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Health Care
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Transformation Processes Informational
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telecommunications
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Process Activities include:
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Planning, sourcing, making, delivering, and returning
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Planning
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processes need to operate an existing supply chain
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Sourcing
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selection of suppliers that will deliver the goods and services needed to create the firm's product
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Making
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producing the major product or service
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Delivering
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logistics processes such as selecting carriers, coordinating the movement of goods and information, and collecting payment from customers
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Returning
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receiving worn out, excess and/or defective products back from customers
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The things produced by a service are intangible. Service processes tend to be highly variable and time dependent compared to goods-producing processes.
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T
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Service is intangible process because it cannot be weighed or measured
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T
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Service requires some degree of interaction with the customer
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T
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Services are heterogeneous
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they vary from day to day and even hour by hour as a function of the attitudes of the customer and the servers.
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Services as a process are perishable and time dependent, why?
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they can't be stored
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What are the package of features that affect the five senses?
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Supporting facility, Facilitating goods, Explicit services, and implicit services
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Pure goods have industries which have become.....
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low-margin commodity businesses and in order to differentiate they are often adding some services
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Examples of Pure Goods are...
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food products, chemicals, book publishing
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Core goods providers already provide a ______ service component as part of their businesses
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significant
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Examples of Core goods are....
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Automobile manufacturers, data storage systems, appliances
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Core service providers must integrate _______ goods.
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tangible
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Example of Core Services are.....
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Hotels, airlines, internet providers
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Pure services may have a few goods, but what they do use are textbooks, professional references, and spreadsheets
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Critical to their performance
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Examples of pure services are....
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financial consulting, teaching, medical advice
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Define product-service bundling
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when a firm builds service activities into its product offerings to create additional value for the customer
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Examples of product-service bundling are....
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maintenance, spare part provisioning, training. IBM treats its business as a service business and views physical goods as a small part of the business solutions.
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A recent study found that while firms that offer product-service bundles generate higher revenues, they tend to generate _______ profits as a percent of revenues when compared to focused firms.
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lower
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What are some potential career opportunities in operations and supply chain management
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Plant manager- oversees workforce and physical resources Hospital administrator- Oversees human resource management, staffing, supplies and finances at a health care facility
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OSCM jobs focus on delivering the goods ______ and at a _____ cost.
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on time, low