Study guides, Class notes & Summaries

GMS 401 Final Exam Questions and Answers Graded A+ Production the creation of goods and services Operations Management Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain A global network of organizations and activities that supply a firm with goods and services Services Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and heal...

GMS 401 MIDTERM 2 QUESTIONS WITH VERIFIED ANSWERS What is Managing Quality? Managing quality supports differentiation, low cost, and response strategies What does quality do? Quality helps firms increase sales and reduce costs Quality Definition The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. Quality improves Profitability through sales gains by? 1. improved responses 2. Flexible Pricing 3.Imp...

GMS 401 - Midterm 1 Latest 2024 Already Passed Operations Management the management of activities and resources that create goods and or provide services Activities in Operations Forecasting Capacity Planning Scheduling Managing Inventories Assuring Quality Employee Motivation and Training Location of Facilities Buying Materials Efficiency Operating at minimum cost and time Effectiveness Achieving quality and timeliness Functions within Organizations Finance ->Operat...

GMS 401 Final exam Complete Questions and Solutions(RATED A+) Production - ANSWER the creation of goods and services Operations Management - ANSWER Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - ANSWER A global network of organizations and activities that supply a firm with goods and services Services - ANSWER Economic activities that typically produce an intangible product (such as education, entertainment,...

GMS 401 - Final Exam 2024 Questions and Answers 100% Correct GMS 401 - Final Exam 2024 Questions and Answers 100% Correct GMS 401 - Final Exam 2024 Questions and Answers 100% Correct GMS 401 - Final Exam 2024 Questions and Answers 100% CorrectManagement - ANSWER-the process by which objectives are achieved through the use of the resources operations - ANSWER-those activities within an organization that are directly related to providing goods or services by transforming inputs into ou...

GMS 401 Final Exam Questions and Answers (Graded A+) GMS 401 Final Exam Questions and Answers (Graded A+) GMS 401 Final Exam Questions and Answers (Graded A+) GMS 401 Final Exam Questions and Answers (Graded A+) Production - ANSWER-the creation of goods and services Operations Management - ANSWER-Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - ANSWER-A global network of organizations and activities that supply a fi...

GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! GMS 401 - Final Exam 2024 Questions a...

Production - ANSWER-the creation of goods and services Operations Management - ANSWER-Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - ANSWER-A global network of organizations and activities that supply a firm with goods and services Services - ANSWER-Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and health services) Service ...