Podcast
Questions and Answers
What is the primary goal of Production and Operations Management (POM)?
What is the primary goal of Production and Operations Management (POM)?
- To reduce inventory turnover
- To optimize supply chain management
- To meet customer demands while minimizing costs and maximizing productivity (correct)
- To maximize profits
What is the process of converting inputs into outputs effectively and efficiently?
What is the process of converting inputs into outputs effectively and efficiently?
- Production and Operations Management (correct)
- Materials Requirement Planning
- Inventory Control
- Supply Chain Management
Which of the following is NOT an activity involved in Production and Operations Management?
Which of the following is NOT an activity involved in Production and Operations Management?
- Marketing strategy (correct)
- Product design
- Quality control
- Capacity planning
What is the primary objective of inventory management in POM?
What is the primary objective of inventory management in POM?
What is the term for the process of managing inventory levels on behalf of a buyer?
What is the term for the process of managing inventory levels on behalf of a buyer?
Which of the following systems aims to minimize inventory levels by producing and delivering just in time?
Which of the following systems aims to minimize inventory levels by producing and delivering just in time?
What is the process of determining the quantity of materials required to produce a product?
What is the process of determining the quantity of materials required to produce a product?
What is the ratio of the number of times inventory is sold and replaced during a period?
What is the ratio of the number of times inventory is sold and replaced during a period?
What is the process of managing the flow of goods, services, and information from raw materials to end customers?
What is the process of managing the flow of goods, services, and information from raw materials to end customers?
What is the primary benefit of implementing a Just-in-Time System?
What is the primary benefit of implementing a Just-in-Time System?
