Operations Management

Quality is fitness for use. Identify the quality guru who said this.

The three-stage operations model requires transformation of the input resource into some form of output. Any one 'resource' can be involved at all three stages. True or false?

Operations can be classified according to their volume and variety of production as well as the degree of variation and visibility. Which of the following operations would be classified as high volume, low variety?

____________ chain represents all partners that are linked to provide raw materials, component parts, and special services to a manufacturing company.

____________inventory represents one of the primary sources of revenue generation and subsequent earnings for the company's shareholders.

Inspection, scrap and repair are examples of

“Quality is defined by the Customer” is

What are the input resources to any transformation process?

The coordinator of all supply activities of an organization from its suppliers and partners to its customers is referred to as

Which of the following functions is NOT a core function of an organization?

Independent demands for inventories are based on confirmed Customer orders, forecasts, estimates and past historical data.

Important supply chain characteristics are responsiveness and _____

The flow of information through a set of business activities is referred to as

Operations typically differ in terms of volume of output, variety of output, variation in demand or the degree of 'visibility' (i.e. customer contact) that they give to customers of the production process. Please match the following element with the most appropriate of the above dimensions. Short waiting tolerance is most closely matched to:

Low-variety operations do not include:

Disneyland Paris is one of the largest and best known theme parks in Europe. In terms of the four Vs (volume, variety, variation, visibility) how would you describe it?

__________ inventory is the excess inventory purchased or kept in stock as a buffer with the objective of reducing or limiting risks associated with future price fluctuations or to take the best advantage of it.

In this inventory method, You always sell your oldest inventory first.

All of the following costs are likely to decrease as a result of better quality except____

In a ______ based model, the procurement, production and distribution are demand-driven rather than predicting

The odd One of the most common methods to evaluate inventory is

What do we mean by micro-operations?

In business, the basic purpose of inventories is to _______ supply and demand

In a _______ based Supply chain, the production level is set in accordance with the previous ordering patterns by the manufacturer.

Which of the following activities is NOT a direct responsibility of operations management?

Inventory is categorized into two types based on the demand pattern, which creates the need for inventory

___________is a SIMPLE but POWERFUL technique for uncovering the root cause of a problem when you lack data regarding why the problem is occurring.

Which one of the following transformational processes is not associated with the processing of materials?

Which of the following is the least likely decision to be made by Operations Managers?

The transportation of finished goods, raw materials or supplies is