Operations management om Study guides, Class notes & Summaries

ISDS Exam 1 Questions with 100% Correct Answers 2024/2025 production - ANSWERSis the creation of good & services operation management (OM) - ANSWERSis a set of activities that create value in the form of goods and sevices by transforming inputs into outputs. The Supply Chain - ANSWERSA global network of organizations and activities that supply a firm with goods and services What Operations Managers Do - ANSWERSPlanning Organizing Staffing Leading Controlling Ten Strategic De...

4 Reasons to Study OM - 1) study how people organize themselves for a productive enterprise 2) to know how goods and services are produced 3) to understand what operations managers do 4) Because it is a costly part of an organization Operations Management - set of activities that create value (goods/services) by transforming inputs into outputs - discipline applied to any org activity - costly part of organization - opportunity to improve profitability and enhance service to society Cha...

UGBA 10 Operations Module 1 What's Operations Management? - correct answer OM is the study of supplying products and services in the right amount at the right place, at the right time, and at the right quality. What is Corporate Sustainability? - correct answer It is a business approach that creates long-term consumer and employee value by creating a "green" strategy aimed toward the natural environment and taking into consideration every dimension of how a business operates in the soci...

COMM-225-QUIZ-3-QUESTIONS WITH CORRECT ANSWERS 30 OUT 0F 30 SCORED () Concordia University Question 1 The quality control improvement tool which distinguishes between the "important few" and the "trivial many" is: Select one: a. Pareto analysis. b. benchmarking. c. cause-and-effect diagrams. d. check sheets. e. Process flow diagram. Question 2 The Chair of the Operations Management Department at Quality University wants to construct a p-chart for determining whether the four inst...

OM Part A (BOM/RG/FSSM) Questionnaire Issue 10 () Exam Questions & Answers 2024 1. Where are the authorities, duties and responsibilities of all KLM Nominated Persons described? - ANSWER-The Integrated Safety Management Manual (ISMM). 2. The Director Flight Standards & Compliance is responsible for the contents of which OM Part? - ANSWER-- A (except ISMM) and related instructions. - B and related instructions. - C and related instructions. - D and related instructions. 3. What must...

Putnam Investments of Boston offers a wide range of mutual funds through independent brokers. To gain a competitive advantage over other mutual fund companies, Putnam now provides brochures and prospectuses of their mutual funds to brokers within 24 hours of request. This is an example of - Responsiveness strategy An operations task performed at Hard Rock Café is - preparing employee schedules The five elements in the management process are - plan, organize, staff, lead, and control Which...

UGBA 10 Operations Module 1 Question and answers 2023/2024 verified to pass What's Operations Management? - correct answer OM is the study of supplying products and services in the right amount at the right place, at the right time, and at the right quality. What is Corporate Sustainability? - correct answer It is a business approach that creates long-term consumer and employee value by creating a "green" strategy aimed toward the natural environment and taking into consideration every ...

UGBA 10 Operations Module 1 Practice Exam Questions 2024. What's Operations Management? - correct answer OM is the study of supplying products and services in the right amount at the right place, at the right time, and at the right quality. What is Corporate Sustainability? - correct answer It is a business approach that creates long-term consumer and employee value by creating a "green" strategy aimed toward the natural environment and taking into consideration every dimension of how a...

Transformation System : A user of resources that transforms inputs into some desired outputs Types of Transformations (6 Total) : Physical - Manufacturing Locational - Transportation Exchange - Retailing Storage - Warehousing Physiological - Health Care Informational - Telecommunications 2 | P a g e Triple bottom line : An accounting framework with three parts: social, environmental (or ecological) and financial. [People, Planet, Profit] Operations Management is... : The design, o...

OM 300 Test 1 Questions And Answers 2024 Verified Solutions What is operations management? ANS Creating value by efficiently/effectively transforming inputs into outputs What are three main types of any business? ANS Marketing (generates the demand) Production/Operation (creates the product) Finance/Accounting (follows success and finances) What types of decisions do operations managers make? ANS Planning, organizing, staffing, leading, and controlling; How people organize themselv...