Capacity - --the "throughput," or number of units a facility can hold, receive, store, or produce in a period of time -Long-range planning - --adding facilities -adding long lead time equipment -Intermediate-range planning - --add personnel, add equipment, add shifts -build inventory -use invento...
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Utility - -a measure of the customer preference of a product or service -What three components is utility composed of? - -1) consumption utility 2) price 3) inconvenience -Consumption Utility - -a measurement of how much you like a service, ignoring the effects of price and its inconvenience...
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Add to cartUtility - -a measure of the customer preference of a product or service -What three components is utility composed of? - -1) consumption utility 2) price 3) inconvenience -Consumption Utility - -a measurement of how much you like a service, ignoring the effects of price and its inconvenience...
Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services - -False -Often, the collective success or failure of companies' operations functions will impact the ability of a nation to compete with other nations - -Tr...
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Add to cartOperations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services - -False -Often, the collective success or failure of companies' operations functions will impact the ability of a nation to compete with other nations - -Tr...
production - -the creation of goods and services - Heizer, Render, & Munson -WBS - -Work Breakdown Schedule - a hierarchical description of a project into more and more detailed components 1. Project (1) 2. Major Tasks in the project (1.1, 1.2, 1.3) 3. Subtasks in major tasks(1.1.1, 1.2.1, ...
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Add to cartproduction - -the creation of goods and services - Heizer, Render, & Munson -WBS - -Work Breakdown Schedule - a hierarchical description of a project into more and more detailed components 1. Project (1) 2. Major Tasks in the project (1.1, 1.2, 1.3) 3. Subtasks in major tasks(1.1.1, 1.2.1, ...
Operations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
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Add to cartOperations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
Operations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
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Add to cartOperations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
Activities on the critical path of a project have ______ slack. Select one: a. positive b. zero c. free d. negative - -zero -Activity slack time for an activity in a project means the activity has fell behind schedule. Select one: a. True b. False - -False -Adding resources to reduce t...
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Add to cartActivities on the critical path of a project have ______ slack. Select one: a. positive b. zero c. free d. negative - -zero -Activity slack time for an activity in a project means the activity has fell behind schedule. Select one: a. True b. False - -False -Adding resources to reduce t...
In the context of operations management, a(n) _____ is a sequence of activities, usually performed by more than one person, which uses resources and achieves a desired result. - -process -How do other areas of organizations—such as finance, accounting, human resources, management information sy...
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Add to cartIn the context of operations management, a(n) _____ is a sequence of activities, usually performed by more than one person, which uses resources and achieves a desired result. - -process -How do other areas of organizations—such as finance, accounting, human resources, management information sy...
Every business is managed through what three major functions? - -Marketing, Finance, and Operations Management -Which business function is responsible for managing cash flow, current assets, and capital investments? - -Finance -The finance function is responsible for: - -managing cash flow, cu...
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Add to cartEvery business is managed through what three major functions? - -Marketing, Finance, and Operations Management -Which business function is responsible for managing cash flow, current assets, and capital investments? - -Finance -The finance function is responsible for: - -managing cash flow, cu...
Quality - -The ability of a product or service to meet customer needs. -Cost of Quality (COQ) - -The cost of doing things wrong--that is, the price of non conformance. -ISO 9000 - -A set of quality standards developed by the International Organization for Standardization (ISO) -ISO 14000 - ...
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Add to cartQuality - -The ability of a product or service to meet customer needs. -Cost of Quality (COQ) - -The cost of doing things wrong--that is, the price of non conformance. -ISO 9000 - -A set of quality standards developed by the International Organization for Standardization (ISO) -ISO 14000 - ...
_____ _____ is the management of processes used to design, supply, produce, and deliver valuable goods and services to customers - -operations management -Operations management is mainly concerned with _____. designing a set of goods and services and their related processes consumption of goods...
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Add to cart_____ _____ is the management of processes used to design, supply, produce, and deliver valuable goods and services to customers - -operations management -Operations management is mainly concerned with _____. designing a set of goods and services and their related processes consumption of goods...
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