Operations management om Study guides, Class notes & Summaries

QDM Exam 1 Questions And Answers quantitative - based on attributes that exist in a range of magnitudes that can be measured qualitative - based on factors that are "subjective" and may be based on personal preferences rather than "hard facts" Modeling - the process of creating a simplified representation of a system and using it to better understand some aspect of the real world the secret to success when struggling with a challenging QDM analysis - following a logical approach...

OM 300 Test 1 University Of Alabama Questions And Answers With Real Tests The set of activities that create value in the form of goods and services by transforming inputs into outputs. it is business functions responsible for planning, coordinating, and controlling the resources needed to produce a company's products and services. It is applicable to all firms, whether manufacturing or service ANS What is operations management? Marketing Production or operations finance or accounting ANS...

All organizations, including service firms such as banks and hospitals, have a production function. - Answer- True An organization's process strategy - Answer- is concerned with how resources are transformed into goods and services 1) Self-directed teams may mean having no supervision on the factory floor. - Answer- True The operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function. - Answer- True 2) The obje...

Test bank for heizer operations management 14th Edition, Questions & Answers | Complete Guide CHAPTER 1: OPERATIONS AND PRODUCTIVITY TRUE/FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile, easy) 2. The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile, easy) 3. All organizat...

Test Bank For Heizer Operations Management 14th Edition (2023/2024) All Chapters Complete Guide A+. CHAPTER 1: OPERATIONS AND PRODUCTIVITY TRUE/FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile, easy) 2. The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile, easy) 3. All organizatio...

Test Bank For Heizer Operations Management 14th Edition (2023/2024) All Chapters Complete Guide A+. CHAPTER 1: OPERATIONS AND PRODUCTIVITY TRUE/FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile, easy) 2. The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile, easy) 3. All organizat...

chapter 1 : 1. Definition of OM and 3 core issues correct answers Operations Management (OM) - science and art of ensuring that goods and services are created and delivered successfully to customers. 3 Core Issues 1. Cost A. Sales products service = revenue B. Marketing = how to sell more * minimize cost ( revenue / cost = revenue) 2. Efficiency - closely related to cost - how well resources are used in creating output 3. Quality - low quality = people will not buy - ...

Operations Management (About how things get done) correct answers The Process that effectively produce, transform, and deliver a product or service Operations and Supply Chain Management correct answers The design, operation, and improvement of the systems that create and deliver the firms primary products and services Process correct answers One or more activities that transform inputs such as raw material and labor in to outputs in the form of finished goods and services Inputs - tran...

Test bank for heizer operations management 14th Edition, Questions & Answers | Complete Guide CHAPTER 1: OPERATIONS AND PRODUCTIVITY TRUE/FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile, easy) 2. The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile, easy) 3. All organizat...

operations management : -Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic : -long-term horizon -type of OM decision that often involve acquiring new resources -example is buying a elec...