Operations Management and Information Systems (OMIS) 320 Exam 1 Practice Test

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• What term is a newer label that encompasses all acquisition activities?
• Inventory turnover's significance: which statement is correct?
• What does takt time ensure in line balancing?
• Total cost of ownership includes which of the following?
• Critical ratio and its use in scheduling: which description is correct?
• Trade secrets are defined as
• A purchase order is best described as what?
• Who administers supplier certification programs?
• How do linear programming and discrete optimization differ in OM decisions?
• Which is NOT a key point of an SRM system?
• Which technology advancement supported SCM development in the 1960s-1970s?
• Greening the supply chain aims to reduce environmental harm across which activities?
• Which of the following is a listed benefit of e-procurement systems related to mobility?
• Which of the following is a reason for making in-house?
• What does outsourcing mean?
• Global sourcing is pursued to improve which dimensions?
• What is the primary difference between efficiency and effectiveness in operations management?
• Material requisition is defined as which of the following?
• Which statement accurately reflects SRM trends?
• Which statement describes the service process matrix's focus?
• Which statement best describes fitness for use in quality management?
• What is takt time and how is it calculated?
• Which management area involves tradeoff decisions between cost and timing of delivery via trucks, rail, water, and air?
• Which of the following is a criterion used in Certification Programs?
• Which of the following is a criterion used in Certification Programs?
• What is the difference between service level and fill rate in inventory control?
• In quality management, which statement about the Pareto principle is correct?
• The term 'perfect order fulfillment' refers to:
• In SCM terminology, which statement correctly describes the relationship between first tier and second tier suppliers?
• Which statement best describes supplier management?
• The trend toward fewer resources (supplier consolidation) is driven by which statement?
• What is safety stock used for in inventory management?
• Supplier certification refers to which of the following?
• What is the best definition of Supply Chain Management (SCM)?
• Which term describes information that is proprietary to a firm and not generally known?
• The term throughput in manufacturing best describes what?
• What are the primary differences between TPS and MIS in information systems?
• Which statements describe outputs of aggregate planning?
• The product-process matrix primarily maps process structure to what?
• CPFR is best described as:
• Travel requisition is used for which of the following?
• Global sourcing is pursued to improve which dimensions?
• Backward vertical integration refers to which action?
• What is change management?
• MRP systems are primarily used to:
• Which of the following is an advantage of decentralization?
• Both buyers and suppliers must be willing to __________ their capabilities in meeting customer requirements of cost, quality delivery and technology.
• Explain lean manufacturing and the eight wastes DOWNTIME.
• Which of the following is a benefit of implementing e-procurement systems?
• What is the EOQ model used for, and what is the formula for EOQ?
• Which of the following is a key point of an SRM system?
• What is a data warehouse and how does it support OM analytics?
• The area focusing on transportation management, distribution network design, and perfect order fulfillment is:
• What is a 'service blueprint' and its purpose in OMIS?
• Which statement best describes the purpose of supplier certification?
• Explain the difference between 'lead time' and 'cycle time' in operations.
• In the 2000s and beyond, what trend characterized SCM origins?
• Which description best defines a first tier supplier?
• Which group purchases raw materials for conversion, services, capital equipment, and MRO supplies?
• Total quality management is best described as:
• A vertically integrated firm is best described as:
• What is a master production schedule (MPS) and its relation to MRP?
• How does SRM enable collaboration?
• In a pull-based system, production is triggered by what?
• Which of the following is an EOQ assumption?
• Which concept is aimed at improving performance by comparing with competitors?
• Which feature distinguishes a data warehouse from a transactional database?
• Define Six Sigma and its relation to process variation.
• Which item is NOT one of the eight wastes in DOWNTIME?
• Which of the following is NOT a primary goal of purchasing?
• What are the core pillars safeguarded by cybersecurity considerations in information systems for OMIS?
• Pre transaction cost is defined as?
• Which formula and behavior describe queueing theory utilization and its effect on wait times?
• A hybrid purchasing system is designed to enable buyers to efficiently purchase which categories?
• A purchase order is the buyer's offer and becomes binding upon supplier acceptance. Which option correctly describes this statement?
• Which management function focuses on retaining customers and driving growth?
• The system that integrates core business processes across the enterprise, including planning and resources, is:
• Supplier certification can include internationally recognized programs like ISO 9000. Which option reflects this?
• Which concept involves creating distribution networks based on trade-offs between cost and sophistication of the distribution system?
• What are the four competitive priorities often cited in OM strategy?
• A supply chain consists of the flow of products and services from which stages?
• A second tier supplier is described as:
• Which buyers purchase raw materials for conversion, services, capital equipment, and MRO supplies?
• Transaction cost is defined as ?
• Which metrics are commonly used to evaluate forecast accuracy?
• Which forecasting approach relies on expert consensus often gathered via rounds of questions known as Delphi?
• Which statement best distinguishes data, information, and knowledge?
• Describe the difference between qualitative and quantitative forecasting methods with examples.
• In EOQ formula, what do D, S, and H represent?
• ISO 14000 is?
• What is the difference between MRP and ERP?
• Which firms benefit most from supply chain management (SCM)?
• During the 1960s and 1970s, which development led to the development of MRP to coordinate inventory and improve internal communication?
• Which activity monitors supplier performance in SRM?
• Which of the following is a key to successful partnerships?
• Which approach does BPR emphasize for achieving improvements?
• Takt time and line balancing: which statement is correct?
• Decentralized purchasing is characterized by which arrangement?
• Describe a bottleneck in a process and its impact on throughput.
• Which of the following is a common reason to outsource due to insufficient capacity?
• Extended SRM processes include which payment-related activity?
• Controlling lead-time, transportation, and warehousing cost is a reason for making because:
• Explain the concept of ISO 9001 in quality management.
• A key benefit of coordinated planning and information sharing in SCM is what?
• What trend describes SRM's strategic role?
• Which concept is primarily associated with coordinating material requirements and planning across the firm?
• What role do third-party logistics providers (3PLs) play in modern SCM?
• The Federal Acquisition Streamlining Act removed restrictions on bids below which threshold?
• If you want to maximize process throughput by addressing bottlenecks, what effect is expected?
• A greening initiative in the supply chain would most likely focus on which activity?
• Lean Production (Just-In-Time) is best described as:
• Wholesalers and retailers who purchase for resale are known as which buyers?
• Which of the following is a criterion used in Certification Programs?
• Which activity directly supports evaluating supplier performance in SRM?
• What role does capacity planning play in aggregate planning?
• What is supplier development?
• What is forecast accuracy and a simple method to evaluate it?
• Which model would you use when inputs are uncertain and you want to incorporate probability distributions?
• Which function is defined as obtaining merchandise, capital equipment; raw materials, services, or MRO supplies in exchange for money?
• Which of the following is a reason for outsourcing (Buying)?
• Which term describes obtaining merchandise, capital equipment, raw materials, services, or MRO supplies in exchange for money?
• In integration, which barrier concerns risk and security management?
• Which statement best describes the origin of SCM in the 1950s and 1960s?
• What does MAD stand for, and how is it calculated?
• Which concept involves creating distribution networks based on tradeoffs between cost and sophistication of the distribution system?
• Which statement about the critical path is true?
• What is 'total cost of ownership' (TCO) in IT investments?
• Discrete vs process manufacturing: which best describes discrete manufacturing?
• Explain the difference between batch processing and real-time processing in TPS.
• ISO 9000 refers to what?
• Which concept is defined as matching demand to available capacity?
• Which statement best describes discrete manufacturing?
• Which of the following is a primary goal of purchasing?
• Forward vertical integration refers to which action?
• In service blueprinting, which elements are typically distinguished?
• What drove U.S. manufacturers to adopt SCM along with JIT, TQM, and BPR in the 1980s and 1990s?
• Which statement best captures the essence of SCM?
• Which initiative focuses on environmental sustainability within supply chains?
• RFID technology in logistics primarily supports:
• A key strategy in supply management aimed at reducing the number of suppliers and forming strategic partnerships is:
• Lead time in inventory management and EOQ is assumed to be what?
• A second tier customer refers to:
• The component that encompasses supplier management, supplier evaluation, supplier certification, and strategic partnerships is:
• What does SRM optimize?
• What is the purpose of value stream mapping in Lean?
• What does the master production schedule feed into to determine material requirements?
• The break-even point is achieved when the total cost of two options are equal.
• Lead time is best described as the time from placing an order to receiving it.
• What does integration span in SRM?
• What is the reorder point and how is it calculated?
• What is the primary focus of supplier evaluation?
• JIT stands for:
• How do you classify quality into the dimensions of 'conformance' and 'fitness for use'?
• What describes visibility in SRM?
• Throughput in a production system refers to?
• Service level in inventory management refers to?
• In SRM, optimization targets which pair of areas?
• Explain the difference between sensitivity analysis and scenario planning.
• Which statement is NOT an EOQ model assumption?
• Push-to-stock vs pull-to-order: which statement is accurate?
• Using existing idle capacity is a reason to make rather than buy because:
• What is a defining characteristic of Business Process Reengineering (BPR)?
• Define capacity cushion and its use in planning.
• Total cost of ownership is best described as the unit price of the material, payment terms, cash discount, ordering cost, carrying cost, logistics cost, maintenance cost, and other costs that may not be easy to assess.
• Which of the following is an example of a quantitative forecasting method?
• What best describes the role of cybersecurity considerations in information systems for OMIS?
• What is the purpose of aggregate planning in operations management?
• Which is a form of countertrade?
• Which statement best describes centralized purchasing?
• A single-source arrangement is generally viewed as:
• Which statement about PERT and time estimates is accurate?
• Which statement best describes a characteristic of a hybrid purchasing system?
• What does ERP stand for, and what are two core benefits in an OMIS context?
• Post transaction cost is defined as?
• What capabilities are used for retaining customers and driving growth?
• Which term encompasses all acquisition activities?
• What characterizes strategic partnerships in SCM?
• Which SRM feature provides cross-functional visibility?
• In OMIS, which ERP module is most commonly used to coordinate material requirements planning and production planning?
• Which statement differentiates push vs pull supply chains?
• Which practices accompanied SCM adoption in the 1980s-1990s?
• Which term describes customer service cost that occur after a sale?
• What is the role of ERP in enabling cross-functional data visibility?
• Which module is specifically integrated for operations in OMIS?
• What is the purpose of a Gantt chart in project management?
• What is a control chart used for in SPC, and what are X-bar and R charts?
• Which trend describes SRM?
• First tier customers are defined as:
• In project management, what is the critical path?
• Which concept aims to improve over competitors' performance?
• Which is an example of lean waste?
• Compare deterministic and stochastic models in OM decision making.
• The enterprise-wide system that integrates core business processes across finance, manufacturing, and distribution is:
• Which of the following is a listed benefit of e-procurement systems?
• Which of the following best describes supplier relationship management (SRM)?