A) A union
B) The product supply chain
C) The resource/technology supply chain
D) The tier 2 supply chain
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Multiple Choice
A) A set of planned steps used to achieve an objective.
B) A system of activities that transforms inputs into valuable outputs.
C) A system of decisions.
D) A combined effort by people who want to get something done. Processes involve transformation, and they may or may not involve people.
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Multiple Choice
A) The person who buys a product.
B) The person who has the greatest impact on design, sales, and growth opportunities for the product.
C) The Echelon 1 customer.
D) The person who uses the product. The critical customer is one who has the greatest impact on design, sales, and growth opportunities.
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Multiple Choice
A) What resources will be used to satisfy customer demand?
B) What customers should be targeted with greatest priority?
C) What suppliers should provide needed inputs?
D) What mode of transportation should be used to ship products? Customer targeting is primarily the responsibility of the marketing function.
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Multiple Choice
A) Design
B) Finance
C) Produce
D) Deliver Design, supply, produce, and deliver are operations management processes.Finance is not.
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Multiple Choice
A) The management of production.
B) The management of services.
C) The management of processes.
D) The management of physicians. "Processes" comprehends all of the aspects of operations management.The other answers are just possible components of operations management.
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Multiple Choice
A) Marketing and sales managers
B) Information technology managers
C) Human resource managers
D) Government regulators
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Multiple Choice
A) Technology changes
B) Regulatory changes
C) Global political changes
D) Supply chain managers are concerned about All of these changes. Supply chain managers also track market changes, including social issues such as sustainability.
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Multiple Choice
A) Longer lead times and they can be inventoried.
B) More capital intensive and short lead times.
C) More labor intensive and longer lead times.
D) More expensive and easier to control. Physical goods typically have longer lead times than services and can be inventoried (services typically cannot) .
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Multiple Choice
A) Our prices seem to be too high.
B) Customers complaints are rising.
C) We need a new insurance policy.
D) We are running out of cash.
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Multiple Choice
A) Which employees should work the day shift tomorrow?
B) How should this process be organized?
C) How many manufacturing plants should the company operate?
D) Should we make this part or buy it?
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Multiple Choice
A) Quality, Inventories, and Processes.
B) People, Equipment, and Money.
C) Markets, Processes, and Sales.
D) Lean Systems, Quality, and Flexibility. These groups work together to identify and fulfill customers' needs.
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Multiple Choice
A) Critical customer.
B) Upstream product supplier.
C) Aftermarket supplier.
D) Downstream product supplier. Companies that enhance finished goods are considered downstream product suppliers.
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Multiple Choice
A) Echelon 1
B) Echelon 2
C) Tier 1
D) Tier 2 A supplier's supplier is known as a Tier 2 supplier.
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Multiple Choice
A) Customers
B) Regulators
C) Employees
D) All of the above are likely to be stakeholders
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Multiple Choice
A) Operations management focuses on production, supply chain management focuses on supply and logistics.
B) Operations management focuses on tangible goods, supply chain management focuses on services.
C) Operations management focuses on processes, supply chain management focuses on relationships and flows.
D) All of these. The key distinction is that supply chain management focuses on relationships and flows, whereas operations management focuses on processes.
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Multiple Choice
A) It is a way to manage thought processes to make better decisions.
B) It is a way to view business as a system of inter-related activities
C) It is a way to approach work systematically
D) It is a way to categorize elements of work activities
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Multiple Choice
A) Product and tangible goods supply chains.
B) Information and personnel supply chains.
C) Direct and indirect supply chains.
D) Product and resource/technology supply chains. Product supply chains manage flows of goods and services.Resource/technology supply chains manage acquisitions and flows of equipment, facilities, workers, product designs, and so on.
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Multiple Choice
A) Finance, accounting, and supply management
B) Logistics, finance and supply management
C) Logistics, supply, and customer management
D) Customer, finance, and logistics management Supply management, logistics management, and customer management are the functions most directly related to the flows of both materials and information.Finance and accounting are primarily about managing capital and reporting information.
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Multiple Choice
A) Deciding where to locate a new manufacturing plant.
B) Forecasting next week's demand of a given product item.
C) Targeting customer demand for aggregate product families.
D) Setting inventory levels for a given product. Strategic planning addresses long-term decisions involving large amounts of money.
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