Exam 14: Operations Management

Application of PERT Network Analysis Grace has just graduated from college with a degree in business administration and is totally overwhelmed by her first job. When she was in school, she could work on projects one at a time, and now she finds that she must juggle several projects with multiple activities. Grace is amazed that her supervisor, Linda, seems to have everything planned in a neat flowchart. Linda's current project is to oversee the construction of an office building, and Grace is determined to understand all of the actions that must take place, the major activities, and potential problems so she can be proactive. -The flowchart that Linda is using depicts the sequence of activities necessary to construct the office building and the time and costs associated with each activity. Linda is using

A system in which inventory items arrive as they are needed in production instead of being stored in stock is known as

Which of the following is not a benefit of just- in- time (JIT)inventory systems?

Cost savings and accelerated delivery times are the two of the most important benefits gained from effective value chain management.

Since a delay on this course will delay the whole project, where should management's attention be primarily focused?

Technology continues to redefine how the design of products is done.

_____________are the supplies or raw materials needed to create a product.

A Gantt chart allows managers to monitor the interdependent activities of a project's progress, identify possible bottlenecks, and shift resources as necessary in order to keep the project on schedule.

Anything that has the immediate potential for delaying a project must be_____________ .

What do we call the entire series of organizational work activities that add value at each step, beginning with the processing of raw materials and ending with a finished product in the hands of end users?

_____________refers to the facilities, functions, and activities involved in producing and delivering a product or service from supplier to customer.

Application of PERT Network Analysis Grace has just graduated from college with a degree in business administration and is totally overwhelmed by her first job. When she was in school, she could work on projects one at a time, and now she finds that she must juggle several projects with multiple activities. Grace is amazed that her supervisor, Linda, seems to have everything planned in a neat flowchart. Linda's current project is to oversee the construction of an office building, and Grace is determined to understand all of the actions that must take place, the major activities, and potential problems so she can be proactive. -The actions that take place in Linda's analysis are called_____________in PERT network analysis.

Technology can primarily benefit an organization by significantly increasing sales.

The more products a manufacturing unit can produce in less time, with less materials or waste, the greater the productivity.

Management must provide value to customers. Value is defined as the performance features, characteristics, and attributes, or any other aspects of goods and services for which customers are willing to give up resources.

A Gantt charts list tasks, compared to load charts which list_____________ .

The transformation process is as relevant to service organizations as it is to those in manufacturing.

Application of PERT Network Analysis Grace has just graduated from college with a degree in business administration and is totally overwhelmed by her first job. When she was in school, she could work on projects one at a time, and now she finds that she must juggle several projects with multiple activities. Grace is amazed that her supervisor, Linda, seems to have everything planned in a neat flowchart. Linda's current project is to oversee the construction of an office building, and Grace is determined to understand all of the actions that must take place, the major activities, and potential problems so she can be proactive. -As Grace uses Gantt charts, load charts, and PERT network analysis charts on several of her projects, she notices that they have one thing in common, that

The formula for productivity is _____________divided by labor plus capital plus materials.

Application of PERT Network Analysis Grace has just graduated from college with a degree in business administration and is totally overwhelmed by her first job. When she was in school, she could work on projects one at a time, and now she finds that she must juggle several projects with multiple activities. Grace is amazed that her supervisor, Linda, seems to have everything planned in a neat flowchart. Linda's current project is to oversee the construction of an office building, and Grace is determined to understand all of the actions that must take place, the major activities, and potential problems so she can be proactive. -In PERT analysis, the longest or most time- consuming sequence of events and activities required to complete a project in the shortest amount of time is referred to as