BUS-P370 Operations Management Midterm (iCore) || ANSWERED

strategic, tactical, operational - Correct Answer 3 types of OM decisions and problems enterprise capabilities - Correct Answer all companies compete on ____ _____ inputs, outputs - Correct Answer operations is converting ____ into _____ operations management - Correct Answer the design, operation, and improvement of the systems that create the firm's primary products and services transformation system - Correct Answer a user of resources to transform inputs into some desired outputs transformation - Correct Answer conversion of outputs to inputs operations management - Correct Answer ____ ____ oversees all activities that are directly related to making a product or providing a service inputs - Correct Answer examples of this include materials, money, energy, people, and information people plants parts processes planning and control - Correct Answer five Ps five ps - Correct Answer transformations are typically achieved through ___ strategic decisions - Correct Answer long range business plans, such as the acquisition of new resources tactical decisions - Correct Answer medium range decisions, typically for the utilization of existing resources operational decisions - Correct Answer decisions that are narrowly focused for a short time frame, usually involving the execution of schedules or control activities internally neutral - Correct Answer stage 1 of the hierarchy of strategic roles externally neutral - Correct Answer stage 2 of the hierarchy of strategic roles internally supportive - Correct Answer stage 3 of the hierarchy of strategic roles externally supportive - Correct Answer stage 4 of the hierarchy of strategic roles internally neutral - Correct Answer don't mess up externally neutral - Correct Answer flexing to whatever the competition is doing internally supportive - Correct Answer following the leader in your own corporate strategy externally supportive - Correct Answer be a full partner in the company productivity - Correct Answer outputs/inputs absolute - Correct Answer ___ productivity is a snapshot in time growth - Correct Answer change over time order qualifier - Correct Answer a feature that must be present in the product for its purchase to even be considered order winner - Correct Answer a product feature used to then select the product to be purchased from the pool of "acceptable" products project - Correct Answer series of related jobs usually directed toward some major output and requiring significant period of time to perform