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

These questions are part of the practice quiz. Start practicing

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