Cips l5m9 - Study guides, Class notes & Summaries

CIPS L5M9 OPERATIONS MANAGEMENT LO1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Operations Management Correct Answer: The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and BrandonJones Correct Answer: 1. Quality 2. Speed 3. Dependability 4. Flexibility 5. Cost Quality Correct Answer: Pro...

CIPS L5M9 Operations Management LO1

CIPS L5M9 Operations Management LO1 Operations Management The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and Brandon-Jones 1. Quality 2. Speed 3. Dependability 4. Flexibility 5. Cost Quality Producing products and services that satisfy customer needs. Speed Ensuring a short lapse of time between when orders are made and fu...

CIPS L5M9 Operations Management LO1.

Operations Management The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and Brandon-Jones 1. Quality 2. Speed 3. Dependability 4. Flexibility 5. Cos

Operations Management The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and Brandon-Jones 1. Quality 2. Speed 3. Dependability 4. Flexibility 5. Cost Quality Producing products and services that satisfy customer needs. Speed Ensuring a short lapse of time between when orders are made and fulfilled. Dependability Producing p...

CIPS L5M9 Operations Management LO1

CIPS L5M9 Operations Management LO1

Operations Management - The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and Brandon-Jones - 1. Quality 2. Speed 3. Dependability 4. Flexibility 5. Cost Quality - Producing products and services that satisfy customer needs. Speed - Ensuring a short lapse of time between when orders are made and fulfilled. Dependability - Produci...

Taguchi Loss FunctionA graphical representation of how an increase in variation within specification limits leads to an exponential increase in customer dissatisfaction. Can be used to represent the deviation from a set target as a financial value. Enables an organisation to measure the financial impact associates with different projects for process improvement and to prioritise these projects. Garvin's 8 Dimensions of Quality1. Performance 2. Features 3. Reliability 4. Conformance 5...