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OMIS 430 Exam 1 Question and answers already passed

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OMIS 430 Exam 1 Question and answers already passed OMIS 430 Exam 1 What is operations? - correct answer The part of a business organization that is responsible for producing goods or services How can we define operations management? - correct answer The management of systems or processe...

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  • November 6, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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OMIS 430 Exam 1
What is operations? - correct answer ✔The part of a business organization
that is responsible for producing goods or services


How can we define operations management? - correct answer ✔The
management of systems or processes that create goods and/or provide
services.


Through learning about operations and supply chains, you will have a better
understanding of - correct answer ✔-the world you live in
-global dependencies of companies and nations
-reasons that companies succeed or fail
-importance of working with others


Upper-management processes - correct answer ✔these govern the
operation of the entire organization


operational processes - correct answer ✔these are core processes that
make up the value stream


supporting processes - correct answer ✔these support the core processes


Variety of goods or services being offered - correct answer ✔the greater the
variety of goods and services offered, the greater the variation in production or
service requirements


Structural variation in demand - correct answer ✔these are generally
predictable. They are important for capacity planning

, Random Variation - correct answer ✔Natural variation that is present in all
processes. Generally, it cannot be influenced by managers


Assignable variation - correct answer ✔Variation that has identifiable
sources. This type of variation can be reduced, or eliminated, by analysis and
corrective action


Role of the Operations Manager - correct answer ✔consists of all activities
directly related to producing goods or providing services. A primary function of
the operations manager is to guide the system by decision-making


System design decisions - correct answer ✔-usually require long-term
commitment of resources
-determine parameters of system operation
-capacity, facility location, facility layout, product and service planning,
acquisition and placement of equipment


System operation decisions - correct answer ✔-generally tactical and
operational decisions
-management of personnel, inventory management and control, scheduling,
project management, quality assurance
-managers spend most time


Model - correct answer ✔an abstraction of reality; a simplification of
something
-common features: simplifications of real-life phenomena; omit unimportant
details of the real-life systems they mimic so the attention can be focused on
the most important aspects

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