Studienführer, Klassennotizen & Zusammenfassungen

inventory management - correct answer the planning and controlling of inventories to meet the competitive priorities of the organization inventory - correct answer a stock of materials used to satisfy customer demand or to support the production of services or goods lot size - correct answer the quantity of an inventory item management either buys from a supplier or manufactures using internal process inventory holding cost - correct answer the sum of the cost of capital plus the variab...

Operations Management - correct answer the activity of managing the resources which are devoted to the production and delivery of products and services Three basic functions of a shop - correct answer Product/Service development Marketing Operations Transformed resources - correct answer the things that are changing in the transformation process (materials, information, customers) Transforming resources - correct answer the things that are making the change happen (staff, facilities) ...

If the cost to change from producing one product to producing another were zero, the lot size would be very small. - correct answer True In inventory models, high holding costs tend to favor high inventory levels - correct answer False Dependent demand inventory levels are usually managed by calculations using calculus-driven, cost-minimizing models - correct answer False The fixed-time-period inventory system has a smaller average inventory than the fixed-order-quantity system because ...

Operations - correct answer part of the business organization that is responsible for producing goods/services. (consistency on decisions made, not what certain decisions are made) Operations Management - correct answer The design, direction, and control of processes that transform inputs into outputs for internal and external customers Process - correct answer One or more actions that transform inputs into outputs three categories of business processes - correct answer upper management...

OSCM (Chapter 1) (operations and supply chain management) - correct answer the design, operation, and improvement of the systems that create and deliver the firms primary products and services. is concerned with the management of the entire production/delivery system Services and Goods (Chapter 1) - correct answer there are 5 differences between services and goods. a service-intangible process that can't be weighed or measured, requires some sort of interaction with the customer for it to...

Operations Management * - correct answer the management of processes used to design, supply, produce, and deliver valuable goods and services to customers. Supply Chain * - correct answer the global network of organizations and activities involved in 1) the designing a set of goods and services and their related processes, 2) transforming inputs into goods and services, 3) consuming these goods and services, 4) disposing of these goods and services Terms substituted for supply chain: - cor...

What is operations management? - correct answer is the set of activities that creates value in the form of goods and services by transforming inputs into outputs What are the basic functions of the organization? How do they interact to create value? - correct answer 1. Marketing - generates demand 2. Production/operations - creates the product 3. Finance/accounting - tracks how well the organization is doing, pays bills, collects the money What are the Support functions - correct answer ...

true - correct answer T o F : all organizations, including service firms such as banks and hospitals, have a production function true - correct answer T o F : operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs true - correct answer T o F : an example of a "hidden" production function is the transfer of funds between accounts at a bank to all firms, whether manufacturing or service - correct answer ope...

production - correct answer the creation of goods & services Operations management (OM) - correct answer activities that relate to the creation of goods & services through the transformation of inputs to outputs All organizations perform 3 functions to create goods & services - correct answer 1. Marketing (generates demand) 2. Production/operations (creates the product) 3. Finance/accounting (tracks how well the organization is doing, pays the bills, collects the money) supply chain -...

what is operations management - correct answer systematic design, direction, and control of processes that transform inputs into products changes processes that can be used on a daily basis process - correct answer activity or group of activities that take inputs, process them, and put creates outputs operation - correct answer group of resources performing all or part of more processes inputs - correct answer combo of human resources, capital, materials, services, land, and energy ...