Exam 7: Operations Management and Quality

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Which term refers to the fundamental rethinking and radical redesign of a business activity to achieve dramatic improvements in performance?

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Which term refers to the strategy of paying suppliers and distributors to perform certain business processes or to provide needed materials or services?

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A

ISO 9000 is a certification program attesting to the fact that a factory, laboratory, or office has improved its environmental performance.

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Examining step-by-step procedures to reduce inefficiency most centrally involves which approach?

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Operations control includes materials management and quality control.

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What term describes a special ability that production does especially well to outperform the competition?

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Which term refers to the flow of information, materials, and services from raw-materials suppliers through stages in the operations process until the product reaches the end customer?

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Which of the following breaks large tasks down to a series of smaller steps and includes all activities to successfully perform the task?

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Inventory control is the means of moving resources to the producer and finished goods to the customer.

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What is the main advantage of using a PERT chart on a large scale project?

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In a business, whose job is it to draw up plans to transform resources into products and bring together basic resources, such as knowledge, physical materials, equipment, and labor?

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Which of the following tracks which service or products will be produced and when?

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How do firms create benefits for themselves and their customers and effectively use resources such as knowledge, physical materials, equipment, and information?

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Which of the following is an advantage of using a product layout plan?

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Each stage in the supply chain adds value for the final customer.

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Which term refers to collaborative groups of employees from various work areas who meet regularly to define, analyze, and solve common production problems?

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What is a supply chain? How can supply chain management create competitive advantage?

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Which type of utility is created when a company makes products available where consumers want them?

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Which of the following would be best used when producing make-to-stock operations or mass production of a product?

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Equipment and people are grouped according to function in which type of production layout?

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