Study Guide -- MGT201 -- Second Exam Lean Systems 1. In the Just-In-Time framework‚ waste is anything that does not add value. a. True b. False 2. Just-In-Time is a philosophy that works well with continuous improvement philosophies. a. True b. False 3. Frequent deliveries of small quantities are a characteristic of JIT partnerships. a. True b. False 4. Just-In-Time inventory is a zero inventory system. a. True b. False 5. Hidden problems are generally uncovered
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Operation05341_02_ch02_p021-044.qxd 9/25/07 10:01 AM Page 21 CHAPTER 2 OPERATIONS‚ STRATEGY AND OPERATIONS STRATEGY INTRODUCTION An organization’s operations function is concerned with getting things done; producing goods and/or services for customers. Chapter 1 pointed out that operations management is important because it is responsible for managing most of the organization’s resources. However‚ many people think that operations management is only concerned with short-term‚ day-to-day‚ tactical issues
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at www.myomlab.com. ❯ ● Operations management is the activity of managing the resources which are devoted to the creation and delivery of services and products. It is one of the core functions of any business‚ although it may not be called operations management in some industries. ● Operations management is concerned with managing processes. And all processes have internal customers and suppliers. But all management functions also have processes. Therefore‚ operations management has relevance
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Challenges of Operation Manager There are many challenges faced by operation managers in the field of operation management. Operation managers should equip him or her with varies issues and knowledge cross all the business function‚ not just the operation. To be a good operation manager‚ they must be able to understand the whole business flows‚ the products‚ the customers‚ the operation‚ the people and the technology. Understanding of various issue can made them deal better with various support
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CEE 440 Ethics Exam Winter 2013 This exam is for you to do individually with no collaboration with fellow students. Hello‚ this is an ethics exam. The subject of the exam is engineering ethics and professional responsibility. The exam is based on material in the documents listed below. DUE: March 8th at noon in the Dropbox at the course web site. Resources Attached: ASCE Code of Ethics ASCE Ethics Guidelines Case Studies Exam Questions: All questions are of equal value: 10 points
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Operation Red Wings (often incorrectly called "Operation Redwing" and/or "Operation Red Wing") was a combined / joint military operation during the War in Afghanistan (2001–present) in the Pech District of Afghanistan’s Kunar Province‚ on the slopes of a mountain named Sawtalo Sar‚ approximately 20 miles west of Kunar’s provincial capital of Asadabad‚ in late June through mid-July 2005. Operation Red Wings was intended to disrupt local anti-Coalition Militia (ACM) activity‚ thus contributing to regional
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Contents: * Introduction * Literature review: * The ‘four Vs’ of processes * Operations strategy * Operations performance objectives * Operations improvement * Findings * Discussion * Conclusion * Abbreviations * References | Introduction Operation management is changing‚ having increasing importance and central role in today’s businesses‚ effective operation management increases the potential to boost revenues‚ reduce costs and help in providing future competitive
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Operations Management and Ethics Operations management may be defined as the design‚ operation‚ and improvement of the production system that creates the firm ’s primary products and services‚ or‚ as Chase‚ Jacobs & Aquilano (2006) state "operations management is about getting the day-to-day work done quickly‚ efficiently‚ without errors‚ and at low cost". Operations management is critically important in any organization or business nowadays. Operations management is one of the three major functions
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business and government enterprises the need for the practice of operations management cannot be forgone. Operations management is very important in business operations since it forms the heart of the organisation by controlling the system of operation. Operations management deals with the design‚ operation‚ and improvement of the systems that create and deliver a firm’s primary products and services. Like marketing and finance‚ operations management is a functional field of business with clear management
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Table of Contents Case: Operations Management at Toyota 2 Conclusion 3 Case: Southwest Airlines Operation Management 3 Background: 3 Analysis of operation Management: 4 Conclusion 6 References: 7 Southwest Airlines Operations - A Strategic Perspective 7 Case: Operations Management at Toyota Toyota is among the leading automobile manufacturers of the world selling almost 9 million models at all the five continents. Toyota has been awarded a position in the top 10 fortune global 500 enterprise
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