One reason for studying operations and supply chain management (OSCM) is which of the following? B. Most business graduates do OSCM work regardless of their job title C. All managers should understand the basic principles that guide the design of transformation processes. D. OSCM is a required course in all business degree programs E. OSCM is the most rigorous business discipline |
All managers should understand the basic principles that guide the design of transformation processes. |
The Goods-Services Continuum consists of which set of the following categories? C. No service, some service, good service, excellent service D. Self-service, help desk service, face-to-face service, service-with-a-smile E. None of these |
Pure goods, Core Goods, Pure Services, Core Services |
Which of the following are defined as core goods? B. Airlines C. Data storage systems D. Hotels E. None of these |
Data Storage systems |
Current issues in OSCM do not include: |
Increasing global supply chain employment. |
Which of the following are not listed in the text as jobs in OSCM? B. Project manager C. Hospital administrator D. Data Center manager E. Call center manager |
Hospital administrator |
Which of the following is not a characteristic that distinguishes services from goods? |
Service jobs are unskilled. |
Which of the following is not a way that operations and supply processes are categorized? B. Returning C. Delivering D. Selecting E. Making |
Selecting |
One of the "package of features" that make up a service is: B. Facilitating goods C. Packaging D. Cost E. Implied use |
Facilitating goods |
Which of the following is not a measure of operations and supply chain management efficiency used by Wall Street? B. Revenue per employee C. Receivable turnover D Earnings per share E Asset turnover |
Earnings per share |
Which of the following is a measure of operations and supply management efficiency used by Wall Street? B. Current ratio C. Receivable turnover D. Earnings per share growth E. Financial leverage |
Receivable turnover |
Managing customer touch points becomes a concern under current issues in OCSM when: |
Firms striving to become superefficient begin to scrimp on staffing and training customer support personnel. |
What kind of product is defined by a set of intangible features? |
A service |
When considering the concept of value, how is quality defined? |
By the attractiveness of the product considering its features and durability |
Efficiency means doing the right things to create the most value for the company. (True or False) |
FALSE :Efficiency means doing something at the lowest possible cost. |
Effectiveness means doing the right things to create the most value for the company. |
TRUE: Effectiveness means doing the right things to create the most value for the company. |
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. |
TRUE: Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value. The doctor performed the surgery without error. Because the patient died, no value was created. |
A worker can be efficient without being effective. |
TRUE: Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value. These are different things. |
A process can be effective without being efficient. |
TRUE: Often, maximizing effectiveness and efficiency at the same time creates conflict between the two goals. "Being efficient" at the customer service counter at a local store or bank means using the smallest number of clerks possible at the counter. Being effective, though, means minimizing the amount of time customers need to wait in line. |
Operations and supply chain management is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services. |
TRUE: Operations and supply chain management is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services. |
The term "value" refers to the relationship between quality and the price paid by the consumer. |
TRUE: Related to efficiency and effectiveness is the concept of value, which can be metaphorically defined as quality divided by price. |
Attempting to balance the desire to efficiently use resources while providing a highly effective service may create conflict between the two goals. |
TRUE: Often maximizing effectiveness and efficiency at the same time creates conflict between the two goals. |
Central to the concept of operations strategy are the concepts of operations focus and trade-offs. |
TRUE: Central to their thinking was the notion of factory focus and manufacturing trade-offs. Because a factory cannot excel on all performance measures, its management must devise a focused strategy, (to perform) a limited set of tasks extremely well. This requires trade-offs. |
OSCM is concerned with management of the trickiest parts of the system that produces a good or delivers a service. |
FALSE:OSCM is concerned with the management of the entire system that produces a good or delivers a service. |
OSCM is a functional field of business with clear line management responsibilities. |
TRUE: OSCM is a functional field of business with clear line management responsibilities |
The supply network as can be thought of as a pipeline through which cash, material, and information flows. |
FALSE: Think of the supply network as a pipeline through which material and information flows. |
(OMS) Chapter 1 Operations and Supply Chain Management
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