Preview

Self-Assessment: Fundamentals of Operations Management for Manufacturing and Service Industries

Satisfactory Essays
Open Document
Open Document
355 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Self-Assessment: Fundamentals of Operations Management for Manufacturing and Service Industries
[pic]

ISCOM/471 Self-Assessment Questions

|Week One – Fundamentals of Operations Management for Manufacturing and Service Industries |

Note. Answers to questions appear on the last page of this document.


1. Which of the following factors account for the interest in organizational management?
a. Quality improvements
b. Current problems/opportunities
c. Inventory costs
d. Customer satisfaction
e. All of the above
2. Operations management is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services.
a. True
b. False
3. What is one reason for failure in project scheduling?
a. Inadequate training
b. Incomplete project
c. Lack of diversity in team members
d. Lack of management support
e. Chaos theory
4. _____________ can be defined as planning, directing, and controlling resources to meet technical, cost, and time constraints.
a. Configuration management
b. Process analysis
c. Project management
d. Process improvement
e. Riddle’s law
5. The radical change paradigm, introduced by Michael Hammer and major consulting firms, is referred to as
a. total quality management
b. synchronous manufacturing
c. electronic enterprise
d. manufacturing strategy paradigm
e. business process reengineering
6. A company that can offer on-site repair in only 1 or 2 hours is an example of a company that is competing on _______ competitive dimension.
f. flexibility
g. process quality
h. coping with changes in demand
i. delivery reliability
j. delivery speed
7. The main objectives of manufacturing strategy are
k. translating required competitive dimensions into specific performance requirements for operations
l. making the necessary plans to ensure that operations capabilities are sufficient to accomplish performance requirements
m. converting order winners into specific performance

You May Also Find These Documents Helpful

  • Better Essays

    Staffing Handbook

    • 2108 Words
    • 9 Pages

    * Defining the staffing numbers and capabilities of the employees who will be needed at a particular point in the future to implement plans effectively including how the staff should be organized and deployed.…

    • 2108 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Operations management refers to all levels of an organisation and how best to efficiently convene, fund, maintain and maximise its services and/or operations, both internal and external. The core goal/objective of operations management it to maximise outputs while reducing and minimising the inputs required to achieve the desired results.…

    • 2732 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    * Rigid budget process => IT struggling to keep up with the resources (refer to Budgeting and IT strategies)…

    • 296 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Operations Management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs.…

    • 1270 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    MULTIPLE CHOICE 1. Planning is a. a complex and comprehensive process involving interrelated stages. b. organizing, implementing, and controlling. c. finding the best person for a job. d. communicating effectively with stakeholders. 2. Strategic plans are designed to a. implement operational plans. b. establish day-by-day procedures. c. shape the destiny of the firm. d. carrying out the functions of management. 3. The purpose of tactical planning is to a. establish a general purpose for the organization. b. translate strategic plans into specific goals and plans for organizational units. c. tell entry level workers what to do on a daily basis. d. compensate for past mistakes. 4. Branch manager Hector establishes recycling goals for his branch to support the company 's strategic goal of being a good environmental partner. What is Hector doing? a. tactical planning b. strategic planning c. long-range planning d. vision formulation 5. A study of CEO failure indicated that 70 percent of the time their failures were attributed to a. poorly developed plans. b. poor execution, not poor planning. c. over-ambitious plans. d. lack of adequate cost controls. 6. A manager controls the plan when he or she a. creates a vision statement. b. creates a mission statement. c. establishes a budget to pay for the action plan. d. checks to see how well goals are being attained. 7. A contingency plan is implemented if the a. strategic plan is too modest. b. control processes do not work. c. original plan cannot be implemented. d. action plan succeeds. 8. Which one of the following is a component of true business strategy? a. a high level of operational effectiveness b. a set of activities common to other firms c. giving customers trade-offs d. having quite different activities to make similar products for different markets 9. A key difference between a vision and a mission is that…

    • 1936 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    § Operations Management is: The management of systems or processes that create goods and/or provide services § Operations Management affects:…

    • 1343 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Blue Spider Project

    • 4936 Words
    • 20 Pages

    Projects can fail for a number of reasons, including poor evaluation of cost and deadlines, inadequate organisation of resources – this is made worse when task assessment is incomplete before the project starts and lack of communication between departments once a project has begun. Human resource management can also cause major problems in the event of industrial action or inability to recruit suitable staff.…

    • 4936 Words
    • 20 Pages
    Powerful Essays
  • Satisfactory Essays

    * Sets milestones, reviews progress and takes appropriate corrective action plans ahead anticipating events and making contingency plans. Adapts plans when faced with changing priorities or resources.…

    • 627 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    One of the most important things in a manufacturing company in order to obtain profit is to have a high level of quality and a minimum level of investment. This is the key that every company wanted to find during the years. In order to maintain a high position on the market and a competitive advantage, the implementation of a manufacturing strategy is very important.…

    • 2282 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Assignment 01 The fundamental management tasks that I will look at is planning and organizing. Planning Planning is the fundamental element of management that predetermines what the business proposes to accomplish and how it intends realizing its goals. Planning involves those activities of management that determine the mission and goals of an organization, the ways in which these are to be attained and the utilization of the correct resources to realize them. Planning involves the following three dimensions : The determination dimension - Where a specific future date is determined by when an organization must achieve its goals. This must serve as a guideline for the business and its various departments. The decision making dimension - Here, management must determine what resources should be deployed in order to achieve the goals of the organization. A choice must be made between alternative ways of accomplishing the goals. The future dimension - A goal is something that an organization is yet to achieve. Planning establishes a connection between what has to be done now in order to achieve future goals. Planning is not just the starting point of the management process but also the point around which their activities revolve. It is clear that planning forms the basis of all the tasks of management as it gives the organization direction and determines the action of management. It is for the following reasons that planning is therefore crucial : Planning gives direction - On one hand it gives the organization direction in the form of goals and on the other, in the form of plans shows how these goals must be achieved. Planning promotes coordination between departments and people in the business - Once goals are determined and plans formulated, resources may be allocated so that everybody is contributing to the goal. This is necessary for the…

    • 2020 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    6. The planning function is the arranging of the necessary resources to carry out the plan.…

    • 14830 Words
    • 60 Pages
    Good Essays
  • Satisfactory Essays

    Exam

    • 2782 Words
    • 21 Pages

    1. (p. 5) The planning, organizing, leading, and controlling of resources in order to achieve organizational goals…

    • 2782 Words
    • 21 Pages
    Satisfactory Essays
  • Satisfactory Essays

    2) _______ is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.…

    • 1584 Words
    • 7 Pages
    Satisfactory Essays
  • Satisfactory Essays

    d. overseeing the development of strategies for the total organization and allocating resources among its different business areas.…

    • 7587 Words
    • 31 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Sample Quiz

    • 339 Words
    • 2 Pages

    11. It is the responsibility of ____ to develop intermediate plans, or plans designed to produce results within six to eighteen months.…

    • 339 Words
    • 2 Pages
    Satisfactory Essays