Exam 1: Introduction to Operations Management

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Why is understanding an organization's operations important for its overall success and sustainability?

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In value-conscious markets where costs and prices must be carefully controlled, all of the following are recommended except.

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The operations task is only concerned with taking various types of inputs and converting them into outputs'

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Various forms of operations often take place simultaneously across the organization.

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Which of the following terms describe the current era of operations? i. Mass Customization ii. Flexible Manufacturing Systems Iii. Toyota Production System iv. Agile v. Strategic

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Which of the following are enablers of an organization's ability to create outputs for its end customers?

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The operations task is concerned with taking various types of inputs and converting them into outputs, along with various support functions that are closely associated with this basic task.

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Operations management is concerned with those activities that enable an organization to transform a range of basic inputs into outputs for the end customer.

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Which of the following are enablers of an organization's ability to create outputs for its end customers?

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Explain servitization and its growing importance

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Operations is part of an extended supply chain.

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What forces have significantly affected the evolution of operations management and why?

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