Podcast
Questions and Answers
Which of the following is NOT a primary focus of Operations Management (OM)?
Which of the following is NOT a primary focus of Operations Management (OM)?
- Improving organizational efficiency and effectiveness.
- Planning and supervising processes.
- Overseeing marketing and advertising campaigns. (correct)
- Transforming inputs into valuable outputs.
Effective Resource Utilization (ERU) primarily focuses on minimizing waste and maximizing output, often achieved through proper planning and technology investments.
Effective Resource Utilization (ERU) primarily focuses on minimizing waste and maximizing output, often achieved through proper planning and technology investments.
True (A)
Name three methodologies or approaches used in Quality Improvement and Customer Satisfaction (QICS).
Name three methodologies or approaches used in Quality Improvement and Customer Satisfaction (QICS).
Total Quality Management (TQM), Six Sigma, Lean Management
Operations Management is the set of activities that creates ______ in the form of goods and services by transforming inputs into outputs.
Operations Management is the set of activities that creates ______ in the form of goods and services by transforming inputs into outputs.
Match each objective with its description:
Match each objective with its description:
A company is looking to reduce costs. What is a balanced approach they should consider?
A company is looking to reduce costs. What is a balanced approach they should consider?
Excessive cost-cutting always leads to increased profitability in the long run.
Excessive cost-cutting always leads to increased profitability in the long run.
Why is it important for businesses to strike a balance between cost reduction and maintaining effectiveness?
Why is it important for businesses to strike a balance between cost reduction and maintaining effectiveness?
Flashcards
Operations Management (OM)
Operations Management (OM)
Planning, organizing, and supervising processes to improve efficiency and effectiveness.
Operations
Operations
The set of activities that creates value in the form of goods and services by transforming inputs into outputs.
Efficient Resource Utilization (ERU)
Efficient Resource Utilization (ERU)
Ensuring resources are used effectively to minimize waste and maximize output.
Cost Reduction & Profit Maximization (CRPM)
Cost Reduction & Profit Maximization (CRPM)
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Quality Improvement
Quality Improvement
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Total Quality Management (TQM)
Total Quality Management (TQM)
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Six Sigma
Six Sigma
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Lean Management
Lean Management
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