Om 300 Exam 1 - Questions & Detailed Solutions

What are the strategic operations management decisions in the face? {Ans: scheduling, maintenance}What is the response strategy? {Ans: more responsive}What are the 3 forecasting time horizons? {Ans: Short range, medium range, and long range}Which of these is NOT an advantage of​ outsourcing? - potential creation of future competition - accessing outside technology - gaining outside expertise - cost savings {Ans: potential creation of future competition}What is bill of material? {Ans: lists the components and quantities and shows product structure}Which of the following is a qualitative forecasting​ method? {Ans: Delphi Method}