Title: Practice exams with the book Operations and Supply Chain Management: the Core, 4th edition
Practice exams with the book Operations and Supply Chain Management: the Core, 4th edition

Practice exams with answers with the book Operations and Supply Chain Management: the Core by Jacobs and Chase, 4th edition

Topics include:

  • What is Operations and Supply Chain Management?
  • Why is capacity management strategically important?
  • What is a manufacturing process?
  • What are the characteristics of service processes?
  • What is the scope of total quality management in a firm?
  • How can inventory be analyzed?
  • How can lean concepts be applied to supply chain processes?
  • Why do companies outsource processes?
  • How are locations, logistics and distributions determined in a supply chain?

Not included are questions and answers for chapters 2, 3, 5, 8 and 9

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Supply Chain Operations: Samenvattingen, uittreksels, aantekeningen en oefenvragen - RUG

Summary with the 3rd edition of Operations and supply chain management by Jacobs and Chase

Summary with the 3rd edition of Operations and supply chain management by Jacobs and Chase


Chapter 1

Operations and Supply Chain Management (OSCM) is the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services. OCSM is concerned with the management of the entire system that produces a product or delivers a service. For every product/service a supply network as shown in exhibit 1.1 can be made.

Success in today’s global markets requires a business strategy that matches the preferences of customers with customers, networks, shareholders, employees and the environment (see also exhibit 1.2). Operations refers to manufacturing and service processes that are used to transform the resources employed by a firm into products desired by customers. A Supply Chain encompasses all activities associated with the flow and transformation of goods and services from the raw materials stage through to the end-user, as well as the associated information flows.

A process is made up of one or more activities that transform inputs into outputs. Operations and supply chain processes can be categorized as follows:

  • Planning: processes needed to operate an existing supply chain strategically;

  • Sourcing: selection of suppliers that will deliver the goods and services needed to create the firm’s product;

  • Making: where the product is produced or the service is provided;

  • Delivering: also logistics processes. Delivering products to warehouses and customers, contact with customers and information systems need to be managed;

  • Returning: involves the processes for receiving worn-out, defective, and excess products back from customers and support for customers who have problems with the delivered product.

The are five essential differences between goods and services:

  • Intangible process: a service cannot be weighed or measured. This means that services innovations cannot be patented and customers cannot try the service beforehand.

  • Requires the degree of interaction with the customer to be a service;

  • Heterogeneous: services vary day to day between the customer and the servers, whereas variation in producing goods can be almost zero;

  • Perishable and time dependent: services can’t be stored;

  • Specification of a services can be defined as a package of features that affect the five senses, existing of supporting facility like location and layout, facilitating goods like variety, consistency and quantity, explicit services like training of the personnel and availability to the service, and implicit service like attitude of the personnel, waiting time and privacy.

The Goods-Services Continuum is provided in exhibit 1.4. Learn this! Product-service bundling refers to when a firm builds service activities into its.....read more

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BulletPoints samenvatting bij Operations and Supply Chain Management, The Core van Jacobs en Chase

BulletPoints samenvatting bij Operations and Supply Chain Management, The Core van Jacobs en Chase


Hoofdstuk 1: Wat houdt operations en supply chain management in?

  • Operations and supply chain management (OSCM) is het ontwerp, de bewerking en verbetering van de systemen die de primaire producten en services van een organisatie leveren en creëren.

  • Operations refereert naar productie- en serviceprocessen die gebruikt worden om de grondstoffen te transformeren naar de producten waar klanten naar vragen. Supply chain refereert naar de processen die informatie en materialen naar en van de productie- en serviceprocessen bewegen.

  • Een proces is 1 of meer activiteiten die inputs naar outputs transformeren. Processen van operations en supply chains kunnen gecategoriseerd worden in de volgende stappen: (1) plannen, (2) sourcing, (3) produceren, (4) leveren en (5) terugkerende producten verwerken.

  • Er zijn vijf essentiële verschillen tussen services en goederen: (1) tastbaarheid, (2) interactie met de klant, (3) heterogeniteit, (4) bederfelijkheid en tijd afhankelijkheid en (5) verpakking van de functies.

  • Zie voor het producten-diensten continuüm exhibit 1.4

  • Product-dienst bundeling: het inbouwen van diensten in de aanbieding van producten om meer waarde voor de klant te creëren.

  • Efficiëntie is het doen of produceren van iets met zo laag mogelijke kosten. Effectiviteit is het juiste doen of produceren van dingen die de meeste waarde voor de klant creëren. Waarde: de aantrekkelijkheid van een product gerelateerd aan de kosten van dat product.

  • De receivables turnover ratio meet de efficiëntie van een bedrijf in verkopen:

    Receivable turnover = jaarlijkse credit sales / gemiddelde account receivable

  • De inventory turnover geeft aan hoe efficiënt het bedrijf de voorraad omzet in verkopen:

    Inventory turnover = kosten van verkochte goederen / gemiddelde voorraadwaarde

  • De asset turnover ratio meet hoe efficiënt het bedrijf de activa gebruikt om verkopen te realiseren.

    Asset turnover = winst (of verkopen) / totale waarde van activa

.....read more

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Oefenvragen bij de 4e druk van Operations and Supply Chain Management: the Core van Jacobs en Chase

Oefenvragen bij de 4e druk van Operations and Supply Chain Management: the Core van Jacobs en Chase

Oefenvragen en antwoordindicaties bij het boek: Operations and Supply Chain Management: the Core van Jacobs and Chase

De vragen en antwoorden zijn gesorteerd per hoofdstuk, bij de 4e druk van het boek.

Aan de orde komen dan ook de volgende onderwerpen:

  • Wat houdt operations and supply chain management in?
  • Hoe worden strategie en duurzaamheid gerelateerd aan operations en supply chain management?
  • Waarom is voorspellen essentieel voor het plannen van een supply chain?
  • Waarom is capaciteitsmanagement strategisch belangrijk?
  • Hoe zijn projecten georganiseerd?
  • Wat is een productieproces?
  • Wat zijn de kenmerken van een serviceproces?
  • Wat houdt sales en operations planning in?
  • Hoe
  • ...Read more
Practice exams with the book Operations and Supply Chain Management: the Core, 4th edition

Practice exams with the book Operations and Supply Chain Management: the Core, 4th edition

Practice exams with answers with the book Operations and Supply Chain Management: the Core by Jacobs and Chase, 4th edition

Topics include:

  • What is Operations and Supply Chain Management?
  • Why is capacity management strategically important?
  • What is a manufacturing process?
  • What are the characteristics of service processes?
  • What is the scope of total quality management in a firm?
  • How can inventory be analyzed?
  • How can lean concepts be applied to supply chain processes?
  • Why do companies outsource processes?
  • How are locations, logistics and distributions determined in a supply chain?

Not included are questions and answers for chapters 2,...Read more

Global Supply Chain Management: Summaries, Exam Questions and Lecture Notes - IB B1 RUG - Study Bundle

Lecture notes Global Supply Chain Management - RUG - International Business

Lecture notes Global Supply Chain Management - RUG - International Business

These lecture notes are based on the subject Global Supply Chain Management of 2015-2016.


Lecture 1

Lecture 1 focuses mainly on:

  • simulation
  • Deterministic performance estimation

Both are approaches to to analyze and design a process.

There are different criteria to determine if a design is good or bad. A design is made in a flow diagram. These criteria are used to analyze the design. The main goal of analyzing a design, is to attain contiguous improvement.

Differences :

  • Deterministic: easy and fast, but rough overview
  • Simulation: long and complex, but gives a better and more specific outcome.

Simulation:

Simulation experiments many times, and tries to duplicate a real environment into its model. Mathematically, a real world situation is imaged. After wards, a conclusion is stated, and a company will decide if it will adapt to this conclusion.

Main advantages:

  • It is used in difficult situations
  • There is no investment needed
  • Uncertainty is incorporated, so it is very functional in real life
  • More solutions are shown

Main disadvantages:

  • Analyzing and interpreting outcomes is difficult
  • High computation time
  • Difficult to make
  • Value of the result is overestimated many times

Most of the large companies use this method.

To be able to understand the following topic, one must understand the following things:

  • Throughput time
  • Work-in-progress
  • Bottleneck
  • Throughput/departure rate
  • Utilization & efficiency

Deterministic performance analysis:

There is a distinction between deterministic and stochastic determination time

  • Deterministic: everything is known in advance
  • Stochastic: things might change, not everything is known in advance

In order to know the deterministic throughput time, you must know the time between the point that the customer/product enters the system, and the costumer/product is ready. Always take the average time that is needed.

Design & effective capacity:

  • Design: Theoretical maximum output
  • Effective: capacity that can be expected given the circumstances

We distinct serial and parallel processing

  • Serial: steps follow each other up
  • Parallel: steps are done at the same time.

Parallel servers:

  • One server can only serve one customer
  • Other servers serve other customers simultaneous

You must be able to find the bottleneck in a system. Bottleneck = the part of a design that makes the rest of the design slower. It is similar to the statement: a design is a strong as its weakest link.

Departure rate = number of customers/products that leave the system per hour. Depends on the bottleneck of the system.

Utilization rate & efficiency:

  • Utilization rate = total operating time/ total time = actual output/ design capacity
  • Utilization efficiency = actual output/ effective capacity

Effective capacity = the.....read more

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Practice Exams Global Supply Chain Management - B1 - IB - RUG
Practice exams with the book Operations and Supply Chain Management: the Core, 4th edition

Practice exams with the book Operations and Supply Chain Management: the Core, 4th edition

Practice exams with answers with the book Operations and Supply Chain Management: the Core by Jacobs and Chase, 4th edition

Topics include:

  • What is Operations and Supply Chain Management?
  • Why is capacity management strategically important?
  • What is a manufacturing process?
  • What are the characteristics of service processes?
  • What is the scope of total quality management in a firm?
  • How can inventory be analyzed?
  • How can lean concepts be applied to supply chain processes?
  • Why do companies outsource processes?
  • How are locations, logistics and distributions determined in a supply chain?

Not included are questions and answers for chapters 2,...Read more

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