Which of the following statements regarding operations management isfalse?Operations management is central to a business and tightly connected with otherbusiness functions such as accounting, finance, and marketing.Operations management involves managing inputs such as goods or services andoutputs such as labor and capital.O Operations management involves the design, operation, and improvement ofinternal processes, whereas supply chain management is more externally focused.O Operations is defined as a function or system that transforms inputs into outputs.of these answers is correct.

Operations management encompasses the designing, organizing, and controlling the procedures that are…

Answered: Which of the following statements…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The purpose of operations management is to manage ________. A-inputs B-the manufacturing process C-the transformation process D-outputs
6. Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?A. Supply chain B. Value chain C. Business model D. Prototype
20. Operations management is concerned with problem solving and decision making in two broad areas namely; a) Facility planning and facility location b) Designing & planning of production systems and operations and control of systems c) Planning and controlling of the systems and operation and management of the system d) Designing the system and managing the systems e) None of the above
Harvard’s Michael Porter has proposed the value chain as a tool for identifying ways to createmore customervalue. According to this model, every firm is a synthesis of activities performedto design, produce, market,deliver, and support its product. Nine strategically relevant activitiesfive primary and four support activitiescreate value and cost in a specific business.The primary activitiesare (1) inbound logistics, or bringing materials into the business; (2) operations,or converting materials into final products; (3) outbound logistics, or shipping out final products; (4) marketing,which includes sales; and (5) service. Specialized departments handle the support activities(1)procurement, (2) technology development, (3) human resource management, and (4) firm infrastructure.(Infrastructure covers the costs of general management, planning, finance, accounting, legal, and governmentaffairs.). Considering the above-mentioned value chain process explain the primaryactivities for One of…
In today’s competitive business environment, warehouse efficiency has become a strategicfunction and offers several benefits which, despite complexities, ensures that organisations areable to meet the requirements of customers efficiently.Establishing a new warehouse operation would require that the team at Lancewood vigilantlyfocus on operations to ensure optimum performance, where goods are delivered at the rightquantity and quality, but also at the right operational cost. This requirement necessitates that thewarehouse operation be tracked and monitored for performance.Write an essay of a minimum in which you:Analyse the four measures that Lancewood should utilise to measure warehouse efficiency: Define the goals of the warehouse Establish key performance indicators (KPIs) for the warehouse employees Chart the fulfilment performance Complete regular and extensive operational audits
The following are critical success factors for Dell Inc: Product manufacturing time Customer perception of order-taking convenience and accuracy Revenue growth Selling expense to sales ratio Number of new manufacturing processes developed Order processing time Materials inventory Training dollars per employee Number of emerging technologies evaluated Customer retention Manufacturing defects Number of new manufacturing processes under development Customer satisfaction with speed of service Gross margin Operating cost ratio Create a simple strategy map for Dell.
Overview In this lesson, you will learn the role of operations management and the concepts of efficiency versus effectiveness, goods versus services, and what various operations managers do. A production activity will be conducted to assist you in understanding basic operational concepts (i.e., lean manufacturing, quality control, wage rate versus piece rate, total quality management, six sigma, process management, etc.). Instructions Review the following materials: Sections 10.1–10.8 of Introduction to BusinessLinks to an external site. Sections 12.1 and 12.4 of Introduction to BusinessLinks to an external site. Answer the questions in this document: 12.1 Operations Management Study Questions1. What are three factors that impact operations management? How might these factors affect the business you chose for your BIA projects What would you say is the goal of supply-chain management4. In what ways does supply-chain management impact operations management Thinking back to weeks…
a.) Choose any two non-operations business functions. Provide examples of an operations or supply chain activity that interfaces directly with each business function you have chosen. b.) Discuss FIVE (5) possible supply chain career paths and its functions in operations and supply chain management.
One of the functions of operational management is to do it differently. Using instances, address the other five operational control roles of an organisation
Doing things better is one of the functions of Operations Management.With the use of examples, discuss the other five functions of operationsmanagement
What kinds of applications are described here? What business functions do they support? How do they improve operational efficiency and decision making?
Overview The purpose of this discussion exercise is to provide you with a forum to discuss your newly discovered production and operations management concepts considering current issues and real business situations. This is a practice ground for ensuring that your reasoning and foundation of these concepts are secure. This portion of the course requires you to interact with your fellow classmates and critique their submissions. Note that all these topics refer to the Operations function of a business, to manufacture a product or create a service. We all know that these topics may be used in other business functions, such as in marketing or finance, but for the discussions in this course, please focus on Operations examples and articles. Refer to this sample format for an article analysis Title of the Analysis /concept being applied ☐ Start with a definition of the concept from the text book and how it applies to the news article. Be sure to include a description of how operation…

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