Operations Management

Performance Management presentation is about Hoshin planning, the cascading attribute of the Hoshin planning process, the balanced scorecard, customer perspective, customer view of cost, internal perspective, innovation and learning perspective, financial perspective, closed-loop management system and benchmarking.

Inventory planning and management presentation is about types of inventory, reasons for keeping inventory, costs associated with keeping stocks, economic order quantity, assumptions of the optimum lot size calculation, lead time, fixed order quantity model, the periodic review model, sales and operation planning, materials requirements planning, data required to manage a basic mrp, manufacturing resource planning, thinking process of theory of constraints, types of buffer, operating guidelines f...

What are the key decisions made by sourcing and logistics managers? Decisions of sourcing managers focus on acquiring material and service inputs; decisions of logistics managers focus on the movement of goods and/or services. ____ The key decisions made by sourcing managers relate to the sourcing function which sources inputs into the transformation process of the organization from other for-profit and nonprofit organizations. This might include finding the best suppliers, as well on ongoi...

Capacity planning and management presentation is about level production strategy, strategic capacity planning, production planning, production plan using level production strategy, develop a production plan using a chase capacity strategy, yield management, yield management effectiveness, yield management process, conditions to be present for successful yield management, options to influence demand, options to manage supply and factors to be considered in studying queues.

Operations Management presentation is about strategy, Michael Porter 5 Forces Model, value chain, strategic capability, operations strategy, competitive capability, importance of learning, six basic requirements of the customer, structural decisions in operations, infrastructural decisions, integration decisions, just-in-time stock management and challengers faced by operations managers.

Project management presentation is about solution using cpm, float, pert, drawing the network, variance of project completion time, project life cycle, project stakeholders, functional organisation, matrix organisation, projectised organisation, role of project manager, project management processes, critical chain, techniques used in critical chain scheduling.

Demand Management and Forecasting presentation is about inputs needed, major decision, time horizon for forecasting, strategic role of forecasting, mean absolute deviation, bias, mean absolute percentage variation, simple moving average, weighed moving average, exponential smoothing and components of demand.

Inventory Management presentation focuses on Bullwhip effect – demand amplification, demand forecast updating, order batching, price fluctuation, rationing and shortage gaining, collaborative supply chains, supplier selection criteria, project management, project life cycle, project stakeholders, functional organisation, matrix organisation, projectised organisation, role of project manager, critical chain, reasons for success and failures of projects.

Operations Management - Practice Quizzes - Final Exam Study Questions and answers, rated A+ If we say that "we take raw potatoes and do two things to them" we have not defined a process because: - -we have not specified the outputs We have to specify the inputs and outputs to define a process. The flow units of a process are: - -specific to the process being considered Different processes will handle different types of flow units depending on what they are designed to accomplish A...

Operations Management Chapter 1 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS|AGRADE 1. Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services. - ANSWER- FALSE Operation managers are not responsible for promoting goods/services. 2. Often, the collective success or failure of companies' operations functions will impact the ability of a nation to compete with other nations. - ANSWER- TRUE A nation is oft...