Chapter 01 Introduction to Operations Management True / False Questions 1. Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization’s goods or services. True False 2. Often‚ the collective success or failure of companies’ operations functions will impact the ability of a nation to compete with other nations. True False 3. Companies are either producing goods or delivering services. This means that only one of the two
Premium Management Mass production Decision making
Q1) To understand a company’s operations the following areas should be primarily researched: 1) Identify the position of the company on the Product-Process matrix: The product-process matrix is a tool for analysing the relationship between the product life cycle and the technological life cycle. A company can be characterized as occupying a particular region on the matrix. Identify where the company lies on the matrix: job shop‚ batch‚ line or continuous. In case of a company such as
Premium Management Supply chain management Production and manufacturing
Jud | 45 | 131 | a. Calculate the labour productivity ratio for each week b. Explain the labor productivity pattern exhibited by the data. Answer: Productivity is a basic measure of performance for economics‚ industries‚ firms and processes. Improving productivity is a major trend in operations management because all firms face pressures to improve their processes and supply chains so as to compete with their competitors. Productivity is the value of outputs (services and products) produced
Premium Variable cost Costs Total cost
EXECUTIVE SUMMARY The study explores different employee recruitment and job performance appraisal procedures of S.S.Information Technology (SSIT) in Bangladesh. The research focuses on the employee views of employee recruitment and job performance appraisal procedure of the organization. The findings indicate that the HR practices valued by the employees‚ but it need to be better directed to protect employee benefits. The research recommends that organizations need to ensure the basic employment
Premium Human resource management Performance appraisal
delivery expense; the predicted cost of transportation will be determined by the location(s) of the manufacturers and the distribution partners. Quantity will impact transportation expense both from the manufacturer and to the distribution locations. Brand name vs. substitution is under review and is dependent on customer demand. Depending on the outcome of our request for quotes and negotiations from our manufacturer(s) we will determine the inventory and selling
Premium Contract Marketing Negotiation
Allow me to start by saying “The Goal” was truly an enjoyable experience in learning the fundamental concepts of operations management. This was a non-traditional and fun way to gain knowledge. I would have never imagined learning such “operational principles” in an entertaining manner. Bravo Professor Kouvelis for instituting education in creative and informative way. Now‚ on to the questions at hand… 1. Give me the definitions of throughput‚ inventory and operational expense given in The
Premium Management Project management Definition
OPERATIONS MANAGEMENT So What Is Operations Management? So What Is Operations Management? So What Is Operations Management? • Managing and directing activities of all forms is crucial in organizations • Accomplished by designing efficient and productive processes‚ and by effectively allocating resources What Makes a Successful Operations Manager ? Success Factors · · · · · · · · Quantitative proficiency The ability to identify and control risk Strong organizational
Premium Management The World Is Flat Thomas Friedman
Project is defined as a collaborative enterprise‚ involving research or design that is carefully planned to achieve a particular aim. Projects can be further defined as temporary rather than permanent social systems or work systems that are constituted by teams within or across organizations to accomplish particular tasks under time constraints. Project management is the process and activity of planning‚ organizing‚ motivating‚ and controlling resources‚ procedures and protocols to achieve specific
Premium Project management
Production and Operations Management Let’s face it‚ we all face tough challenges. Competitive pressures continue unabated. Prices are too low‚ and the costs are too high. Companies strive to reduce costs. Some look to improve technology. Some reduce headcount. Too few have become operationally excellent. Going through the activity‚ as a business administration student‚ have you ever thought about your future as part of a prestigious company? Will you apply the things that you’ve learned throughout
Premium Thought
AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 AN ISO 9001 : 2000 CERTIFIED INTERNATIONAL B-SCHOOL SUBJECT : INTERNATIONAL FINANCE MANAGEMENT COURSE : CASE STUDY : 1 Total Marks : Following are the data for India’s B.O.P. Year 2004-05 Merchandise Exports Merchandise Imports Income on Travel‚ Transportation MIS Payments on Travel‚ Transportation MIS Receipts for Maintenance of Embassies Payments for Maintenance of Embassies Unrequired Transfer Received Unrequired Transfer Outwards
Premium International economics Macroeconomics Bretton Woods system