OPERATIONS MGMT

What is the management?

primary goal of operations

• Maximizing employee satisfaction

• Minimizing production costs

• Efficiently transforming rescurces to goods and services

• Maximizing marketing efforts

Which of the following is NOT a decision area in

operations management?

• Inventory management

• Marketing strategy

• Quality control

• Capacity planning

In operations management what is bottleneck?

• A constraint that reduces the capacity of the overall system

• A high level of customer demand

• Excessive inventory in production

• Employee turnover

Which of the following describes a "make-or-buy"

decision?

• Choosing whether to manufacture a product in-house

  or purchase it from a supplier

• Determining the optimal number of employees

• Deciding on pricing strategies

• Selecting a marketing channel

In capacity planning, which of the following defines

capacity?

• The maximum number of units a machine can produce

• The total available inventory

• The amount of space in a warehouse

• The cost of production

Which approach focuses on continuous improvement in all functions of an organization?

• Kaizen

• Benchmarking

• Outsourcing

• Vertical integration

What is the role of break-even analysis in decision- making?

• Determining the optimal price point

• Identifying the point where total reveries equal total

• Forecasting demand

• Selecting distribution channels

What is the term for the process of determining how many units of a product a company should produce?

• Forecasting

• Scheduling

• Capacity planning

• Inventory management

Which of the following is a decision criterion in operations management?

• Quality

• Time

• All of the above

• Cost

What is a key consideration when making decisions about facility location?

• Proximity to suppliers

• Transportation

• Labor availability

• All of the above