C720 Study guides, Class notes & Summaries

Operations The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager They allocate resources. Capital Facilities and equipment Competitive Advantage Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability The process of separating production from consumption; cannot be done for services because they are p...

WGU C720 Operations and Supply Chain Management Exam Latest Updated Operations Management - ANSThe multidisciplinary science that organizations use to acquire inputs (people, capital, material, or energy and transform them into outputs (products and/or services) that ultimately provide value to the end customer Biggest difference between Service Providers and Goods Producers - ANSA good is tangible and a service is not Resources - ANSPeople, Capital, and Materials Product Design - ANSTh...

WGU C720 Complete OA Prep Guide Graded A+ Inputs People, capital, material, money Outputs Services and goods Sustainability Defined broadly in operations and supply chain management as the ethical issues an organization faces to balance financial performance while maintaining social responsibility standards and a responsible environmental profile. VIRAL Acronym - A framework for competitive advantage. Viral, Inimitable, Rare, Aptitude, Lifespan. The advantage must provide Value to consumers...

Vertical Integration - correct answerswhen a company owns multiple assets in a supply chain Backward Vertical Integration - correct answersOwns the supplier to make the products themselves Forward Vertical Integration - correct answersOwns the retail stores to sell the products themselves A mattress manufacturer holds many patents on their mattress because they are specially constructed out of unique materials. This leads the manufacturer to open retail stores in high-traffic areas to i...

WGU C720 Operations and Supply Chain Management – Questions and Answers Already Passed Operations The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager They allocate resources. Capital Facilities and equipment Competitive Advantage Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability The process of ...

WGU C720 Objective Assessment and Math Review 2024/2025 Questions & Answers Verified Answers A+ Guaranteed!! (ALL ANSWERS 100% CORRECT)

Why would the company use this check sheet? To develop a Pareto chart identifying the root causes of engine defects Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? Durability A quality improvement team is trying to illustrate to upper management how a process is varying over time as measurements are collected. Which two statistical process control (SPC) tools should the team use? Run charts and Control charts The CEO of a service company want...