Ch3 – O.M 1) Strategic decisions are those which: A) Only involve senior managers B) Require the input of external consultants and management accountants. C) Seek to move the whole organisation towards its overall long-term goals D) Define the position of a business unit with respect to its operational capabilities 2) The determination of performance priorities is normally influenced by: A) The specific needs of the company’s customer
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Task 1 There are four product levels such as core product‚ facilitating products‚ supporting products and augmented products. Core product is a basic level of product selling to the consumer at every product and sells the benefits to the guest. Facilitating products are goods which are presented to guests can use for core product. As we can see that‚ core products require facilitating products but do not require supporting products. The difference between facilitating and supporting products is
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service‚ and more healthy meal options. McDonald’s is competitive in many categories‚ including price‚ quality‚ management and employee training. Consumers trust McDonald’s products because they use many of the same trusted brands that families buy at local grocery stores. Operations Strategy “In many companies‚ the key to success is often an operations-based advantage. Superior operations effectiveness not only serves to buttress a company’s existing competitive position‚ but‚ when based on capabilities
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test1. The four decision areas in operations management are: A) Planning‚ technology‚ inventory‚ control B) Process‚ quality‚ capacity‚ inventory C) Process‚ quality‚ technology‚ capacity D) None of these 2. Capacity decisions: A) Include forecasting and scheduling B) Include inventory control C) Require management of personnel D) None of these 3. Inventory decisions and control systems involve: A) Determining what to order‚ how much to order and when to order B) Tracking the flow of
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MGT 502 Final Review Questions 1. List and explain the three ways to decrease process throughput time. 1) Perform activities in parallel a. A serial approach results in the throughput time for the entire process being the sum of individual steps plus transport and waiting time between steps. Using a parallel approach can reduce throughput time by as much as 80 percent and produces a better result. 2) Change the sequence of activities b. Altering the sequence of activities
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What is operations management? Operations management defined Operations management is the activity of managing the resources which are devoted to the production and delivery of products and services. 1 The consultancy services market – % of world revenues of 40 largest consultancy firms Financial 6 Organizational design 11 Marketing / sales 2 Operations and process management 31 Benefits / actuarial 16 Corporate strategy 17 IT strategy 17 The operations function is fashionable
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WESTMINSTER WESTMINSTER BUSINESS SCHOOL SEMESTER 1‚ 2009-2010 MODULE CODE: 4BIM502 MODULE TITLE: OPERATIONS MANAGEMENT Hand in date: 6pm Thursday 10th December Alternative Assessment 2‚500 words Report question The aim of the JIT methodology may be deemed to meet demand instantaneously‚ with perfect quality and no waste’. So runs one definition of JIT. Your task is to evaluate the requirements and objectives of a JIT operation and analyse the potential benefits and drawbacks
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agement AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 [pic] SUBJECT : OPERATIONS MANAGEMENT Total Marks : 80 CASE-1 (16 Marks) Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30‚000 good T-shirts per month. Their plant operates 200 hours per month‚ but the new machines will
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can be negative. 7. On a separate piece of paper. 9. On a separate piece of paper. Chapter 14- Lean Supply Chains- Review chapter 14 and answer the following questions. Briefly explain your answer to each question referencing the textbook. 1. | Lean production is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials‚ work-in-process‚ and finished goods. True FalseLean production is an integrated set of activities designed
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NICHE MARKET STRATEGY FOR ATTRACTING FOREIGN TOURISTS Mohammad Amzad Hossain Sarker‚ PhD Candidate (Assistant Professor‚ Comilla University‚ Bangladesh) School of Management‚ Wuhan University of Technology Wuhan‚ China. Sumayya Begum‚ PhD Candidate (Senior Lecturer‚ Southeast University‚ Bangladesh) School of Management‚ Wuhan University of Technology Wuhan‚ P.R. China ABSTRACT Bangladesh has bright prospects of tourism in future. She possesses tourism potentials all over the country
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