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

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