Tag: Supply Chain Management / Operations Management

Stakeholder impact analysis is a Blank______-step process that allows managers to better understand and address stakeholders’ needs.Multiple choice question.fourfivetwothree
four
five
two
three

The most expensive stage in the new-product process for most products and services isdevelopment.screening and evaluation.business analysis.market testing.commercialization.

The basic premise of just-in-time inventory islarge volumes of inventory are availablemany workers manage many itemsobsolescence is acceptedminimum inventory is kept on hand

The Marine Corps Manual states that an individual’s responsibility for leadership dependent upon authority, and Marines expected to exert proper influence upon their 1.

The function of management that involves defining the tasks required to meet goals, grouping these into positions, and creating the management hierarchy is called ________.

The process of measuring performance and taking action to ensure desired results is a part of the management function of _______________.
Controlling
Organizing
Leading
Planning

The individual application modules included in an ERP system are designed to support complete a business process.

Stakeholders are all the people who stand to gain or lose by the policies and ctivities of a business and whose concerns the business needs to address. Describe 10 of them.
Shareholders / Owners:
Provide capital and expect returns (dividends, capital growth); concerned with profitability, governance, and long-term value.
Employees:
Work for the organisation and depend on it for wages, benefits, job security and career development; concerned with working conditions and fair treatment.
Customers:
Purchase goods or services and seek value, quality, safety and reliable support; their satisfaction drives revenue and reputation.
Suppliers:
Provide inputs, materials or services; concerned with timely payments, long-term contracts, fair terms and stable demand.
Creditors / Lenders:
Extend loans or credit and expect repayment with interest; concerned with the company’s solvency, cash flow and risk management.
Government / Regulators:
Enforce laws, collect taxes and regulate industry practices; concerned with legal compliance, public policy goals and consumer protection.
Local Community:
Residents and local institutions affected by the business’s operations; concerned with employment opportunities, environmental impact and community development.
Trade Unions:
Represent employees’ collective interests; concerned with wages, working conditions, bargaining rights and dispute resolution.
Business Partners / Allies:
Joint venture partners, distributors or strategic collaborators; concerned with mutual benefits, shared risks and aligned objectives.
Non-Governmental Organizations (NGOs) & Interest Groups:
Advocate for social, environmental or ethical issues; concerned with the company’s social responsibility, sustainability and ethical conduct.

The consumers who adopt a new product in the earliest stage of a product life cycle are called
Multiple Choice
laggards
early majority
innovators
early adopters
late majority

The primary facility operations focus 15 :
on the movement and storage of product.
on inventory control and personnel issues.
in making sure KPIs are fulfilled.
the WMS system.