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OM 300, The University of Alabama, Final Exam with precise detailed answers, Exams of Production and Operations Management

University of Alabama (UA)Production and Operations Management

OM 300, The University of Alabama, Final Exam with precise detailed answers

Typology: Exams

2024/2025

Available from 07/01/2025

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OM |! 300, |! The |! University |! of |! Alabama, |!
Final |! Exam |! with |! precise |! detailed |!
answers
Components |! of |! a |! supply |! chain |! network |! - |! Correct |! answer |! ✔- |!
Suppliers
- |! Manufacturers
- |! Distributors
What |! is |! outsourcing? |! - |! Correct |! answer |! ✔- |! Transfers |! some |! of |! the |!
internal |! activities |! of |! a |! firm |! to |! outside |! vendors
- |! Uses |! specialization |! for |! efficiency |! so |! they |! can |! focus |! on |! core |!
production
Many |! companies |! sourcing |! strategy |! for |! suppliers |! - |! Correct |! answer |! ✔- |!
Plays |! one |! supplier |! against |! another |! so |! they |! compete |!
- |! Holds |! supplier |! responsible |! for |! technology, |! expertise, |! forecasting, |!
cost, |! quality, |! and |! delivery
- |! Long |! term |! relationships |! are |! not |! the |! goal
- |! Common |! with |! commodities
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Download OM 300, The University of Alabama, Final Exam with precise detailed answers and more Exams Production and Operations Management in PDF only on Docsity!

OM |! 300, |! The |! University |! of |! Alabama, |!

Final |! Exam |! with |! precise |! detailed |!

answers

Components |! of |! a |! supply |! chain |! network |! - |! Correct |! answer |! ✔- |! Suppliers

  • |! Manufacturers
  • |! Distributors What |! is |! outsourcing? |! - |! Correct |! answer |! ✔- |! Transfers |! some |! of |! the |! internal |! activities |! of |! a |! firm |! to |! outside |! vendors
  • |! Uses |! specialization |! for |! efficiency |! so |! they |! can |! focus |! on |! core |! production Many |! companies |! sourcing |! strategy |! for |! suppliers |! - |! Correct |! answer |! ✔- |! Plays |! one |! supplier |! against |! another |! so |! they |! compete |!
  • |! Holds |! supplier |! responsible |! for |! technology, |! expertise, |! forecasting, |! cost, |! quality, |! and |! delivery
  • |! Long |! term |! relationships |! are |! not |! the |! goal
  • |! Common |! with |! commodities

Few |! companies |! sourcing |! strategy |! for |! suppliers |! - |! Correct |! answer |! ✔- |! Creating |! long |! term |! relationships |! with |! few |! suppliers

  • |! Suppliers |! particiapting |! in |! JIT |! programs |! and |! contribute |! expertise
  • |! Beleive |! cost |! of |! changing |! partners |! is |! huge
  • |! Have |! trade |! secrets |! and |! other |! alliances What |! is |! vertical |! integration? |! - |! Correct |! answer |! ✔- |! Developing |! the |! ability |! to |! produce |! goods |! or |! services |! previously |! purchased |! within |! the |! company |! OR |! just |! buying |! the |! supplier -Two |! types: |! forward |! and |! backward
  • |! Benefits: |! Cost |! reduction, |! higher |! quality, |! inventory |! reduction -Works |! best |! when |! company |! has |! large |! market |! share Forward |! integration |! - |! Correct |! answer |! ✔Moving |! closer |! to |! the |! finished |! goods |! of |! customers, |! -Involves |! the |! purchase |! or |! control |! of |! DISTRIBUTORS |! moving |! to |! finished |! goods Backward |! integration |! - |! Correct |! answer |! ✔Purchasing |! of |! a |! SUPPLIER -it |! can |! improve |! efficiency |! and |! save |! money |! (raw |! materials)

-Competitive |! bidding |! (suppliers |! bid |! against |! each |! other)

  1. |! Supplier |! selection: |! Contracting |! - |! Correct |! answer |! ✔- |! Shares |! the |! risks |! and |! benefits
  • |! Creates |! incentives |! to |! encourage |! supplier |! efficiency |!
  • |! Spells |! out |! terms |!
  • |! Goal |! is |! collboration
  • |! Make |! pie |! bigger |! and |! then |! divide |! to |! all |! participants Five |! distribution |! systems |! - |! Correct |! answer |! ✔- |! Trucking: |! moves |! vast |! majority |! of |! goods, |! flexibility
  • |! Railraods: |! Large |! loads, |! unflexible
  • |! Air: |! Fast, |! flexible. |! Expensive
  • |! Water: |! Bulk |! cargo. |! Shipping |! cost |! > |! speed
  • |! Pipelines: |! Oil, |! gas, |! chemicals
  • |! Multimodal: |! Combines |! methods |! with |! Standardized |! containers |! (international) Three |! ethical |! concerns |! in |! supply |! chain |! - |! Correct |! answer |! ✔- |! Personal |! ethics: |! Subject |! to |! dilemma |! because |! sales |! personnel |! are |! anxious |! to |! sell |! and |! are |! tempted |! to |! do |! so |! via |! bribes |! (Critical |! to |! long |! term |! success)
  • |! Ethics |! within |! supply |! chain: |! Managers |! may |! be |! tempted |! to |! ignore |! lapses |! by |! supplier |! or |! offload |! pollution |! to |! supplier
  • |! Environmental |! ethics: |! Being |! environmentally |! concious Amazon |! Global |! Company |! Profile |! - |! Correct |! answer |! ✔-Started |! as |! a |! virtual |! retailer |! (no |! inventory/warehouses, |! directly |! to |! suppliers) -Growth |! forced |! them |! to |! become |! world |! leader |! in |! warehousing -Customer |! experience |! yields |! low |! price, |! fast |! delivery -Pull, |! package, |! and |! ship |! in |! less |! than |! 3 |! minutes Four |! main |! types |! of |! inventory |! - |! Correct |! answer |! ✔1. |! Raw |! material: |! Purchased |! but |! not |! processed
  1. |! WIP: |! Some |! change, |! incomplete
  2. |! Maintenance: |! Supplies |! needed |! for |! upkeep |! for |! productivity
  3. |! Finished |! Goods: |! Completed |! product, |! awaiting |! shipment ABC |! Analysis |! definition |! - |! Correct |! answer |! ✔Method |! for |! dividing |! on- hand |! inventory |! into |! three |! classifications |! based |! on |! annual |! dollar |! volume. |! (annual |! demand |! * |! cost |! per |! unit) |! -Problems |! can |! affect |! this |! number |! such |! as |! missed |! delivery, |! quantity |! problems, |! etc...
  • |! Primary |! purpose: |! minimize |! costs Purpose |! of |! safety |! stock |! - |! Correct |! answer |! ✔Adjustment |! for |! if |! demand |! and |! lead |! time |! are |! not |! constant Aggregate |! Planning |! - |! Correct |! answer |! ✔-To |! meet |! forecast |! demand |! while |! minimizing |! cost |! over |! the |! planning |! period |! -Includes |! forecast |! levels |! of |! inventory, |! workforce, |! shortages, |! etc... -determines |! timing |! and |! quantity |! of |! production |! (3-18 |! months) 4 |! things |! needed |! for |! aggregate |! planning |! - |! Correct |! answer |! ✔1. |! A |! method |! for |! measuring |! sales |! output
  1. |! A |! forecast |! demand |! for |! the |! intermediate |! planning |! period
  2. |! A |! method |! for |! determining |! costs
  3. |! A |! model |! that |! combines |! forecasts |! and |! costs |! to |! create |! scheduling |! of |! production Demand |! Forecasting |! - |! Correct |! answer |! ✔-Long |! range: |! Top |! execs, |! over |! one |! year |! (R&D) -Intermediate |! range:Operation |! managers, |! 3-18 |! months |! (Sales |! planning) -Short |! Range: |! Operation |! managers, |! managers, |! supervisors: |! Up |! to |! 3 |! months |! (Job |! assignments |! and |! scheduling)

Disaggregation |! - |! Correct |! answer |! ✔- |! Breaking |! down |! aggregate |! plan |! into |! details

  • |! Results |! in |! master |! production |! schedule |! (which |! provides |! input |! to |! planning |! systems) Material |! Requirement |! Planning |! (MRP) |! - |! Correct |! answer |! ✔-Is |! a |! production |! planning, |! scheduling, |! and |! inventory |! control |! system |! used |! to |! manage |! manufacturing |! processes Needs: -Master |! production |! schedule -Bill |! of |! materials -Inventory |! and |! purcahse |! records -Lead |! times Material |! requirement |! planning |! benefits |! (MRP) |! - |! Correct |! answer |! ✔- |! Better |! response |! to |! customer |! orders
  • |! Faster |! response |! to |! market |! changes
  • |! Improved |! utilization |! of |! facilities |! and |! labor
  • |! Reduced |! inventory |! levels -Determine |! feasibility |! of |! a |! production |! schedule

-Customer |! relationship |! management |! software -sustainability |! software Short |! term |! schedules |! preparation |! - |! Correct |! answer |! ✔Prepared |! from |! Master |! production |! schedules What |! is |! loading? |! - |! Correct |! answer |! ✔The |! assigning |! of |! jobs |! to |! work |! stations |! or |! proccesses

  1. |! Finite- |! assigns |! work |! up |! to |! the |! capacity |! possible, |! all |! work |! gets |! done |! (due |! dates |! can |! be |! pushed |! out)
  2. |! Infinite- |! assigns |! all |! the |! work |! that |! needs |! to |! be |! accomplished |! in |! a |! given |! time |! period |! is |! assigned, |! may |! have |! to |! adjust |! capacities |! (All |! due |! dates |! are |! met, |! shipping, |! etc...) What |! is |! an |! assignment |! method? |! - |! Correct |! answer |! ✔- |! A |! special |! class |! of |! linear |! programming |! models |! that |! assigns |! tasks |! or |! jobs |! to |! resources
  • |! used |! to |! minimize |! cost |! or |! time
  • |! One |! job |! is |! assigned |! to |! one |! machine
  • |! 4 |! steps?

What |! is |! JIT |! (Just |! in |! time)? |! - |! Correct |! answer |! ✔-Approach |! of |! continuous |! and |! forced |! problem |! solving |! focused |! on |! THROUGHPUT |! and |! reduced |! inventory

  • |! Emphasizes |! forced |! problem |! solving Throughput; |! Rate |! at |! which |! units |! move |! through |! production What |! is |! TPS |! (Toyota |! production |! system)? |! - |! Correct |! answer |! ✔- |! Continual |! process |! improvement, |! respect |! for |! people, |! and |! standard |! work |! practices
  • |! Emphasizes |! employee |! learning |! and |! empowerment |! in |! the |! assembly |! line |! environment Kaizen: |! continuous |! improvement What |! are |! Lean |! operations? |! - |! Correct |! answer |! ✔- |! Supplies |! customers |! with |! exactly |! what |! they |! want, |! when |! it |! wants |! it. |!
  • |! Eliminates |! waste, |! through |! continual |! improvement
  • |! Emphasizes |! understanding |! of |! the |! customer Focuses |! of |! JIT, |! TPS |! and |! Lean? |! - |! Correct |! answer |! ✔- |! Eliminate |! waste
  • |! Remove |! variability
  • |! Improve |! throughput |! (time |! to |! deliver)
  1. |! Defective |! products: |! Returns, |! warranty's
  2. |! Over |! processing: |! Efforts |! that |! add |! no |! value |! the |! customer Supplier |! concerns |! in |! a |! JIT |! partnership |! - |! Correct |! answer |! ✔- |! Diversification: |! Having |! only |! one |! customer |! increases |! risk
  • |! Scheduling: |! Customers |! might |! not |! be |! consistent
  • |! Lead |! Time: |! Short |! lead |! time |! can |! create |! problems
  • |! Quality: |! Limited |! by |! capital |! budgets
  • |! Lot |! sizes: |! Small |! lots |! cost |! suppliers, |! rather |! than |! large |! ones What |! is |! kanban? |! - |! Correct |! answer |! ✔-Japanese |! word |! for |! card |! 1. |! The |! card |! is |! an |! authorization |! for |! th |! next |! container |! of |! material |! to |! be |! produced
  • |! Tool |! used |! to |! operate |! the |! pull |! system, |! signals |! to |! produce
  • |! Goal: |! Reduce |! inventory
  • |! Emphasis |! on |! reducing |! production |! time Objective |! of |! maintenance |! and |! relability |! - |! Correct |! answer |! ✔- |! Maintain |! capability |! of |! the |! system What |! is |! reliability? |! - |! Correct |! answer |! ✔- |! The |! probability |! that |! a |! machine |! will |! function |! properly |! for |! a |! specific |! time
  • |! Done |! by |! improving |! individual |! components |! and |! providing |! redundancy System |! reliability |! series |! calculation |! - |! Correct |! answer |! ✔P |! x |! P |! x |! P |! x |! ... |! = |! probability |! of |! failures System |! reliability |! parallel |! calculation |! - |! Correct |! answer |! ✔(1 |! - |! P1) |! * |! (1 |! - |! (PxP)) |! * |! (1 |! - |! P3) |! = |! prob |! of |! failures 1 |! - |! Prob |! of |! failures |! = |! Reliability What |! is |! autonomous |! maintenance? |! - |! Correct |! answer |! ✔- |! Employees |! accept |! responsibilty |! and |! partner |! with |! maintenance |! personnel |! to |! observe/check/adjust/clean/notify |! about |! systems
  • |! Used |! too |! Predict |! failures, |! prevent |! breakdowns |! and |! prolong |! equipment |! life Preventative |! maintenance |! versus |! breakdown |! maintenance |! - |! Correct |! answer |! ✔- |! Preventative: |! Routine |! inspection, |! servicing |! and |! repair |! of |! facilities
  • |! Breakdown: |! Occurs |! when |! equipment |! fails. |! Must |! be |! repaired |! on |! emergency |! or |! priority |! maintenance