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Production and Operations Management
Questions and Correct Answers the Latest
Update
What is operations management?
✓ The business function responsible for planning, coordinating, and controlling the resources
needed to produce a companys goods and service.
-Produce a tangible product
-Low customer contact(distributors)
-Can be stored in inventory
-Physical products
✓ Manufacturer Organization
-Produce intangible products (Ideas, assistance)
-High customer contact
-Cannot be produced ahead of time
-Hospitals, colleges, and theaters
✓ Service Organization
-Set direction for the entire company
-Broad in slope; long-term
-Addresses questions
|
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✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
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✓ Strategic Decisions
-Short term and specific in nature
-Day-to-day issues
-Follow after strategic decisions
-Focus on specific departments
✓ Tactical Decisions
-Defines long-term plan for company
-Must be supporting operations, marketing, and finance
✓ Business Strategy
-Develops a plan for the operations function to support business strategy
-Responsible for managing the resources
✓ Operations Strategy
Five Core Competencies?
✓ Workforce
✓ Facilities
✓ Market Understanding
✓ Financial Know-How
✓ Technology
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!
-Highly trained
-Flexible in performing tasks
-Responsive in meeting customer needs
-Creative in design
✓ Workforce
-Flexible in producing a variety of products
-Technology advanced
-Efficient distribution system
✓ Facilities
-Skilled in understanding customer wants and predicting market trends
✓ Market Understanding
-Skilled in attracting and raising capital
✓ Financial Know-How
-Use of latest production technology
-Use of information technology
-Quality control techniques
✓ Technology
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
Production and Operations Management
Questions and Correct Answers the Latest
Update
What is operations management?
✓ The business function responsible for planning, coordinating, and controlling the resources
needed to produce a companys goods and service.
-Produce a tangible product
-Low customer contact(distributors)
-Can be stored in inventory
-Physical products
✓ Manufacturer Organization
-Produce intangible products (Ideas, assistance)
-High customer contact
-Cannot be produced ahead of time
-Hospitals, colleges, and theaters
✓ Service Organization
-Set direction for the entire company
-Broad in slope; long-term
-Addresses questions
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!
✓ Strategic Decisions
-Short term and specific in nature
-Day-to-day issues
-Follow after strategic decisions
-Focus on specific departments
✓ Tactical Decisions
-Defines long-term plan for company
-Must be supporting operations, marketing, and finance
✓ Business Strategy
-Develops a plan for the operations function to support business strategy
-Responsible for managing the resources
✓ Operations Strategy
Five Core Competencies?
✓ Workforce
✓ Facilities
✓ Market Understanding
✓ Financial Know-How
✓ Technology
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!
-Highly trained
-Flexible in performing tasks
-Responsive in meeting customer needs
-Creative in design
✓ Workforce
-Flexible in producing a variety of products
-Technology advanced
-Efficient distribution system
✓ Facilities
-Skilled in understanding customer wants and predicting market trends
✓ Market Understanding
-Skilled in attracting and raising capital
✓ Financial Know-How
-Use of latest production technology
-Use of information technology
-Quality control techniques
✓ Technology
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
