Operations Management Techniques

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What is a benefit of implementing an ERP solution?

Increased database errors

Separation of business functions

Faster delivery and order fulfillment (correct)

Improved product quality

What is a primary focus of operations strategy?

Product development and customer service

Operations and quality control (correct)

Human resources and manufacturing

Marketing and finance

What is a key aspect of quality in operations management?

Consistently meeting customer requirements (correct)

Meeting production targets

Reducing labor costs

Increasing market share

What is the purpose of categorizing customer expectations?

To understand and meet customer requirements Signup and view all the answers

What is the main function of Enterprise Resource Planning (ERP) systems?

To link all business functions through a common software platform Signup and view all the answers

What is the main characteristic of the 'performance' dimension of product quality?

Main characteristics of the product Signup and view all the answers

What is a major benefit of having good quality products in business organizations?

Fewer complaints from customers Signup and view all the answers

What is a key factor affecting transportation costs?

Package size Signup and view all the answers

What is the main goal of the transportation model?

To minimize total shipping cost Signup and view all the answers

What is one way to lower transportation costs?

Planning more efficient routes Signup and view all the answers

What is the primary goal of determining the Least-cost Combination of Inputs?

To minimize costs and maximize profits Signup and view all the answers

What is a key advantage of understanding the Least-cost Combination of Inputs?

Identification of cost-saving opportunities Signup and view all the answers

What is an example of a strategic input combination?

Combining automated machinery with skilled labour Signup and view all the answers

What is a result of achieving the Least-cost Combination of Inputs?

Optimized resource utilization Signup and view all the answers

What is a key consideration in determining the Least-cost Combination of Inputs?

Considering the strategic combination of all inputs Signup and view all the answers

What is the primary goal of using the least-cost combination of inputs in businesses?

To minimize costs and enhance profits Signup and view all the answers

What is a significant obstacle in achieving the least-cost combination of inputs?

Constantly changing market prices Signup and view all the answers

What is the main purpose of categorizing operations in the production process?

To define the importance and functionality of each operation Signup and view all the answers

What is the main objective of a cost reduction strategy?

To analyze and modify the process to optimize it Signup and view all the answers

What is the primary purpose of determining the least-cost combination of inputs?

To control costs and increase competitiveness Signup and view all the answers

Operations Management Techniques

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Questions and Answers

What is a benefit of implementing an ERP solution?

What is a primary focus of operations strategy?

What is a key aspect of quality in operations management?

What is the purpose of categorizing customer expectations?

What is the main function of Enterprise Resource Planning (ERP) systems?

What is the main characteristic of the 'performance' dimension of product quality?

What is a major benefit of having good quality products in business organizations?

What is a key factor affecting transportation costs?

What is the main goal of the transportation model?

What is one way to lower transportation costs?

What is the primary goal of determining the Least-cost Combination of Inputs?

What is a key advantage of understanding the Least-cost Combination of Inputs?

What is an example of a strategic input combination?

What is a result of achieving the Least-cost Combination of Inputs?

What is a key consideration in determining the Least-cost Combination of Inputs?

What is the primary goal of using the least-cost combination of inputs in businesses?

What is a significant obstacle in achieving the least-cost combination of inputs?

What is the main purpose of categorizing operations in the production process?

What is the main objective of a cost reduction strategy?

What is the primary purpose of determining the least-cost combination of inputs?

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