Podcast
Questions and Answers
What is the main purpose of upper-management processes?
What is the main purpose of upper-management processes?
- To govern the operation of the entire organization (correct)
- To support the core processes
- To manage the day-to-day operations of the organization
- To manage the supply chain
Which type of variation is generally predictable and important for capacity planning?
Which type of variation is generally predictable and important for capacity planning?
- Assignable variation
- Random variation
- Structural variation in demand (correct)
- Variation in goods or services offered
What is the primary goal of operations management?
What is the primary goal of operations management?
- To manage the entire organization
- To ensure quality and customer satisfaction (correct)
- To minimize costs
- To maximize efficiency
Which of the following is NOT a supporting process?
Which of the following is NOT a supporting process?
What is the result ofAssignable variation in operations?
What is the result ofAssignable variation in operations?
What is the purpose of forecasting in operations management?
What is the purpose of forecasting in operations management?
What is a characteristic common to all forecasting techniques?
What is a characteristic common to all forecasting techniques?
Why are forecasts not perfect?
Why are forecasts not perfect?
What is a key element of a good forecast?
What is a key element of a good forecast?
What is the first step in the forecasting process?
What is the first step in the forecasting process?
What happens to forecast accuracy as the forecast horizon increases?
What happens to forecast accuracy as the forecast horizon increases?
What is the primary goal of sustainability in business operations?
What is the primary goal of sustainability in business operations?
What is a common consequence of not managing supply chains beyond immediate suppliers?
What is a common consequence of not managing supply chains beyond immediate suppliers?
What is a key driver of the need for supply chain management?
What is a key driver of the need for supply chain management?
Which of the following is an example of an ethical issue in operations management?
Which of the following is an example of an ethical issue in operations management?
What is a consequence of not incorporating social criteria in decision making?
What is a consequence of not incorporating social criteria in decision making?
What is a potential impact of poor supply chain management on business operations?
What is a potential impact of poor supply chain management on business operations?
What is multifactor productivity a measure of?
What is multifactor productivity a measure of?
Why is it difficult to measure and manage productivity in the service sector?
Why is it difficult to measure and manage productivity in the service sector?
What is process yield a measure of in manufacturing?
What is process yield a measure of in manufacturing?
What is the primary difference between efficiency and effectiveness?
What is the primary difference between efficiency and effectiveness?
What is a forecast primarily used for in operations management?
What is a forecast primarily used for in operations management?
What are the two important aspects of forecasting?
What are the two important aspects of forecasting?
What is the primary reason for having inventories in business operations?
What is the primary reason for having inventories in business operations?
What percentage of current assets do inventories typically account for in a firm?
What percentage of current assets do inventories typically account for in a firm?
What is a key objective of inventory control?
What is a key objective of inventory control?
What type of inventory includes goods that are in transit to warehouses or customers?
What type of inventory includes goods that are in transit to warehouses or customers?
What is a benefit of sharing forecasts or demand data through the supply chain?
What is a benefit of sharing forecasts or demand data through the supply chain?
What is an example of an independent demand item?
What is an example of an independent demand item?
