Operations Management Guías de estudio, Notas de estudios & Resúmenes
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Operations Management Final Exam QUESTIONS AND VERIFIED CORRECT ANSWERS 2024
- Examen • 17 páginas • 2024
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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...
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Operations Management Exam 1 (Anderson) QUESTIONS AND VERIFIED CORRECT ANSWERS 2024
- Examen • 10 páginas • 2024
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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) ...
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Operations Management Exam 3 QUESTIONS AND COMPLETE CORRECT ANSWERS 2024
- Examen • 9 páginas • 2024
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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 ...
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Operations Management 366 Exam I questions and 100% CORRECT ANSWERS 2024
- Examen • 11 páginas • 2024
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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...
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Operations Management Review for the exam questions and verified correct answers 2024
- Examen • 18 páginas • 2024
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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...
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Operations Management Exam 1 Study questions and verified correct answers 2024
- Examen • 13 páginas • 2024
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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...
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Operations Management Exam 1 questions and verified correct answers 2024
- Examen • 8 páginas • 2024
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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 ...
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Operations Management Exam 1 questions and verified correct answers 2024
- Examen • 17 páginas • 2024
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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...
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Operations Management Exam I questions and complete correct answers 2024
- Examen • 7 páginas • 2024
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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 -...
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Operations Management - Final Exam
- Examen • 24 páginas • 2024
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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 
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