WGU C720 Complete OA Prep Guide Graded A+

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Inputs ✔✔People, capital, material, money Outputs ✔✔Services and goods Sustainability ✔✔Defined broadly in operations and supply chain management as the ethical issues an organization f... aces to balance financial performance while maintaining social responsibility standards and a responsible environmental profile. VIRAL ✔✔Acronym - A framework for competitive advantage. Viral, Inimitable, Rare, Aptitude, Lifespan. The advantage must provide Value to consumers; it should be Inimitable (not easily imitated), Rare, and an organization must have the Aptitude (capability) and Lifespan (sustainability) to earn appropriate returns on the advantage. Productivity ✔✔A mathematical calculation; it is the ratio of the outputs achieved divided by the inputs consumed to achieve those outputs. 6 Types of Inventory ✔✔o Raw Materials o Work In Progress o Finished Goods o Replacement Parts Inventory o Supplies o Transportation [Show More]

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