CPIM Module 1 A
Success in operations drives better products and services, an increased range of
product capability, better supply relationships, and heightened customer satisfaction
due to high quality performance. Which of the following is true of all of these attributes?
A. Once mastered, they should be relied upon to continue their high performance.
B. They are independent of strategy development, as they are all tactical.
C. They become strategic when taken from a holistic viewpoint.
D. They may be relied upon to manage almost any new product design that could
increase market share. - answer They become strategic when taken from a holistic
viewpoint.
A product characterized by standardized designs, price competition, and process
improvement is in which stage of its life cycle?
Introduction
Growth
Maturity
Decline - answerMaturity
The strategic management of any operation:
will be determined by the ability of the facility to react to short-term changes in schedule
or product mix.
is the key driver of operations, regardless of the operation's past performance.
should not be constrained by past operational efficiencies or quality performance.
cannot be separated from how well operational resources are managed at the detail
level. - answercannot be separated from how well operational resources are managed
at the detail level.
The development of corporate strategy ideally starts at the top, cascading downward
throughout the organization and ultimately reaching:
the front-line employees for review and approval.
the HR department for further input.
key buyers and customers.
the associated functional and operating levels. - answerthe associated functional and
operating levels.
What would be an appropriate defensive approach as a company seeks to maintain
market share?
Keep margins so low that competitors avoid the market.
Retain and exploit those resources that are difficult to copy.
Own all warehousing and outbound logistics resources.
Maintain distributed stockpiles of inventory so that customer lead times are as short as
possible. - answerRetain and exploit those resources that are difficult to copy.
Success in operations drives better products and services, an increased range of
product capability, better supply relationships, and heightened customer satisfaction
due to high quality performance. Which of the following is true of all of these attributes?
A. Once mastered, they should be relied upon to continue their high performance.
B. They are independent of strategy development, as they are all tactical.
C. They become strategic when taken from a holistic viewpoint.
D. They may be relied upon to manage almost any new product design that could
increase market share. - answer They become strategic when taken from a holistic
viewpoint.
A product characterized by standardized designs, price competition, and process
improvement is in which stage of its life cycle?
Introduction
Growth
Maturity
Decline - answerMaturity
The strategic management of any operation:
will be determined by the ability of the facility to react to short-term changes in schedule
or product mix.
is the key driver of operations, regardless of the operation's past performance.
should not be constrained by past operational efficiencies or quality performance.
cannot be separated from how well operational resources are managed at the detail
level. - answercannot be separated from how well operational resources are managed
at the detail level.
The development of corporate strategy ideally starts at the top, cascading downward
throughout the organization and ultimately reaching:
the front-line employees for review and approval.
the HR department for further input.
key buyers and customers.
the associated functional and operating levels. - answerthe associated functional and
operating levels.
What would be an appropriate defensive approach as a company seeks to maintain
market share?
Keep margins so low that competitors avoid the market.
Retain and exploit those resources that are difficult to copy.
Own all warehousing and outbound logistics resources.
Maintain distributed stockpiles of inventory so that customer lead times are as short as
possible. - answerRetain and exploit those resources that are difficult to copy.
