ISDS 3115 — Chapter 1 Operations and Productivity – Flashcards
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is the creation of goods and services
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production
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set of activities that creates value in the form of goods and services by transforming inputs to outputs
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Operations management (OM)
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1.marketing - which generates the demand , or takes the order for a product of service 2.production / operations - creates the product 3. finance / accounting - tracks how well an organization is doing , tracks bills and collects the money
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* 3 functions for production and an organizations survival
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the global network of organizations and activities that supplies a firm with goods and services
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the supply chain
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farmer ---syrup producer --- bottler --- distributor --- retailer
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*an example of a supply chain could be the soft drink supply chain
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specialized expert knowledge instant communication cheaper transportation
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What fosters specialization and worldwide supply chains?
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1. how people organize themselves for productive enterprise 2. we want to know how goods and services are produced 3. to understand what operation managers do 4. we study it because it is such a costly part of production
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Why study OM?
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planning organizing staffing leading controlling
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What operation managers do
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decisions of goods and services managing quality process strategy location strategies layout strategies human strategies supply chain management inventory management scheduling maintenance
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10 strategic OM decisions
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the segment of the economy that includes trade, financial , lodging , education, and other professional occupations
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service sector
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the ratio of outputs ( goods and services) divided by one or more inputs (labor , capital, or management)
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productivity
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inspecting
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Which one of these is NOT one of the basic functions of the management process? staffing controlling inspecting leading
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marketing
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Which one of these is NOT one of the 10 strategic OM decisions? scheduling marketing layout strategies managing quality
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process and capacity design
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Which of the following OM decisions determines how a good or service is produced and commits management to specific technology, quality, human resources, and capital investment? human resoures and job design design of goods and services process and capacity design managing quality
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Determines and implements INTERMEDIATE- and SHORT term schedules that effectively and efficiently utilize both personnel and facilities while meeting customer demands
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What best defines scheduling?
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unsystematic processing of data
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Which of the following does NOT contribute to OM? other disciplines including industrial engineering , statistics, management, and economics innovations from physical sciences information technology unsystematic processing of data
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Eli Whitney
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The person who introduced standardized, interchangeable parts was W. Edwards Derning Eli Whitney Frederick W. Taylor Henry Ford
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Frederick W. Taylor
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The father of scientific management is W. Edwards Derning Eli Whitney Frederick W. Taylor Henry Ford
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W. Edwards Deming
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The person who believed that management must do more to improve the work environment and processes so that quality can be improved was W. Edwards Derning Eli Whitney Frederick W. Taylor Henry Ford
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80-90
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The service sector constitutes what percentage of employment in the United States? 50-60 80-90 60-70 70-80
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standardized product
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Which of the following is NOT a characteristic of services? produced and consumed simultaneously standardized product unique intangible
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ford motor company
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Which of the following organizations does not belong to the service sector? costco san diego zoo southwest airlines ford motor company
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the goal is to produce customized products, whenever and wherever needed
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What is the goal for mass customization?
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inventory provides safety against higher than expected demand
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Which of the following is NOT one of the reasons operations managers want to work with their supply chains to viciously cut inventories at every entry level
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local focus
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Which of the following trends is NOT part of the exciting OM challenges currently facing operation managers? local focus sustainability rapid product development supply chain partnering
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competitors
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Which of the following is NOT considered to be a stakeholder? competitors distributors customers community members
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true
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Productivity is generally more difficult to improve in the service sector than in the manufacturing sector
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false
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low cost leadership is the ability to distinguish the offerings of the organization in a way that the customer perceives as adding value
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false
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considers inventory ordering and holding decisions is within the strategic operations management decision area of managing quality true or false
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differentiation, cost leadership, and response
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acording to the authors which of the following strategic concepts allow firms to achieve their missions? -distinctive competency, cost leadership, and experiene -productivity , efficiency , and quality leadership - differentiation , cost leadership, and response
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maturity
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standardization is an appropriate strategy in which stage of the product life cycle? maturity growth introduction retirement decline
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false
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"considers inventory ordering and holding decisions" is within the strategic operations management decision area of MANAGING QUALITY? T . F
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true
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Productivity is generally more difficult to improve in the service sector than in the manufacturing sector. T. F
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crew scheduling
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Which of the following tasks within an airline company are related to operations? international monetary exchange crew scheduling advertising sales accounts payable
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production and consumption occur simultaneously
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Which of the following attributes us most typical of a service? mass production production and consumption occur simultaneously consistency tangible easy to automate
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false
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Low cost leadership is the ability to distinguish the offerings of the organization in a way that the customer perceives as adding value T. F
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true
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All organizations, including service firms such as banks and hospitals, have a production function. T. F
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false
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Customer interaction is often high for manufacturing processes, but low for service T. F
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true
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Production processes are being dispersed to take advantage of national differences in labor costs. T. F
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all of the above
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Cost cutting in international operations can take place because of less stringent regulations lower wage scales lower indirect costs lower taxes and tariffs all of the above
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a firm produces its product with less raw material waste than its competitors do
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which of the following is the best example of competing on low - cost leadership? a firm produces its product with less raw material waste than its competitors do a firms products are introduced into the market faster than its competitors products are a firm offers more reliable products than its competitors do
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a firm offers more reliable products than its competitors do
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which of the following is an example of competing on the basis of differentiation? a firm produces its product with less raw material waste than its competitors do a firms products are introduced into the market faster than its competitors products are a firm offers more reliable products than its competitors do
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true
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competition in the 21st century is no longer between companies, it is between supply chains T . F
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reduce responsiveness
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Which of the following does NOT represent a valid reason for globalizing operations? reduce costs understand markets attract and retain global talent improve the supply chain reduce responsivenss
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a firms products are introduced into the market faster than its competitors products
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Which of the following is an example of competing on quick response? a firm produces its product with less raw material waste than its competitors do a firms products are introduced into the market faster than its competitors products are a firm offers more reliable products than its competitors do a firms products are introduced into the market faster than its competitors products
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maturity
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standardization is an appropriate strategy in which stage of the product life cycle?
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true
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Boeings development of the 787 Dreamliner is an example of a company obtaining a competitive advantage through differentiation/innovation T.F