MNB 1601 (with Accurate Answers)

Operations function correct answers That function of the business aimed at executing the transformation process Operations function correct answers That function in the business primarily aimed at the utilization of resources to manufacture products or render services Operations managers correct answers The personnel in the business who are directly responsible for managing the operation function Operations management correct answers Involves operations managers' activities, decisions and responsibilities that tie in with the execution of the operations function Customer/client needs correct answers 1. Higher quality 2. Lower costs 3. Shorter lead time 4. Greater adaptability (flexibility) 5. Lower variability with regard to specifications (reliability) 6. High level of service Operations - management performance objectives correct answers 1. Do things right the first time 2. Do things cost effectively 3. Do things fast 4. Make changes quickly 5. Do things right every time 6. Do things better Do things right the first time correct answers The operations function should not make mistakes. By providing error-free products/services, the business will gain a quality advantage. Higher quality = lower cost, improved competitive position which can lead to higher prices and a greater market share Do things cost effectively correct answers Products and services should be produced/provided at a cost that will enable the business to place them on the market at a price that will ensure an acceptable profit. Can provide the business with a cost advantage. Do things fast correct answers The period of time between the demand for a product/service and the delivery thereof should be as short as possible. This will increase availability and give business a speed advantage. Make changes quickly correct answers Operations management function should be able to adapt/change activities if unforseen circumstances make it necessary. The business will have an adaptability advantage