1. What is wealth, and how is it created?

1. What is value-added, and how is it achieved?

1. Name and describe four major factors affecting operations management?

1. Describe the five primary manufacturing strategies?

1. What is the supply chain?

1. Describe five important factors in supply chains?

1. What is the major way in which management plans and controls?

1. Name and describe the three main divisions of supply, production, and distribution systems?

1. Which manufacturing strategies are used in a fast-food business? How does this affect the lead time from the customer's point of view?

1. Describe at least three supply chains that provide products to your school bookstore? Do they use cooperative supply chain methods to help reduce their costs?

1. What are the metrics?

1. Explain what a bill of material does?

1. What does Enterprise resource planning (ERP) ability provide to the business?

1. A new trend called reverse logistics is what?

1. Explain what channel master is and what it provides in the supply chain?

1. Why are metrics so vital in a company? Explain

1. Describe what is materials management?

1. Within production what are the three objectives?

1. Describe work-in-process?