Question Details

ISCOM 305 Final


1.	What are the different types of inventories maintained by a typical business entity? How do inventory levels impact revenue when there is not enough? Too much?

2.	Using quantitative tools is one way to manage data. What kind of solutions may be derived using various statistical process controls (SPC)? Why is SPC training important to both company employees and managers? 


3.	What is the significance of inventory regarding customer service levels? What are some of your experiences with inventories from the customer service perspective? How would you improve those inventories?

4.	Define and discuss the Bullwhip Effect. Provide a real example of the Bullwhip Effect. 


5.	How might a network strategy benefit a company- operational procedures? Provide an example that illustrates your explanation.


6.	What are the strategic goals of supply chain management and how does procurement, transportation, and distribution affect these goals?

7.	We have seen many changes and innovations in the application of technology to operations management in recent years. Using information from your readings, identify the three most significant advancements in technology. Explain your choice of significant advancements.


8.	How might information technology systems be used in operations management to improve the business process? Describe a familiar situation in which information technology systems were used appropriately in operations management.

9.	What are three of the primary obstacles encountered by the management team in adopting and installing a new information technology system? How might these obstacles be overcome?


10.	Pick any concept from the course that you feel will benefit you at work or outside of class. Define and describe the concept. Provide an example.

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