Back orders and lost sales are examples

Assignment Help Operation Management

Reference no: EM132272125

1. The process of moving operations back to a company's domestic location is known as?

Offshoring

Outsourcing

Resourcing

Reshoring

2. Statistical forecasting is generally favored over judgmental forecasting.

True

False

3. Back orders and lost sales are examples of?

Capacity

Stockouts

Processes

Setup Costs

4. The management of transportation activities and the flow of materials within a supply chain to ensure adequate customer service at reasonable cost is known as?

Demand management

Logistics

Procurement

Aggregate Purchasing

5. Moving work from one workstation to another, assigning people to tasks, setting priorities for jobs, scheduling equipment, and controlling processes is called?

Execution

Recalculating

Delivering

Reshoring

6. A particularly skilled or creative workforce, customer relationship management, clever bundling of goods and services, strong supply chain networks, extraordinary service, green goods and services, marketing expertise , or the ability to rapidly change production output rates are all examples of;

Core services

Core competencies

Core strategies

Core believes

7. The first step in any typical goods and services development process starts with an organization's strategic mission and vision.

True

False

8. According to Chapter 7 which of the following is not a level of work?

Task

Activity

Event

Process

Value Chain

9. The introduction of prototyping is found in which step of goods development process?

Step 2 - Strategic and Market Analysis and Understanding Competitive Priorities

Step 3 - Competitive Benefit Package Design and Configuration

Step 4 - Detailed Goods, Services, and Process Design

Step 5 - Market Introduction/Deployment

10. When creating a process map, which symbol would you use to identify waiting time?

Rectangle

Triangle

Oval

Diamond

Reference no: EM132272125

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