Exam 1: Product Line Planning and the Systems Approach

The system approach requires control of timing.

Movies are one of the biggest export products of the United States.

A Stage _____ company is a P/OM innovator.It has short and long term planning horizons that are integrated.

The _____ approach integrates P/OM decisions with those of all other business functions.

A Stage _____ company is more proactive than a Stage _____ company.

A local carpet manufacturer's plant and equipment cost $285,000 and are estimated to have a lifetime of 20 years.Straight-line depreciation is to be used.Additional fixed costs per year are $130,000.Variable costs are $200 per roll of carpet and the price per roll is $3,000.What will annual profit be if the annual volume is 15,000 rolls?

Service industries employ an increasing percent of the workforce.

Operations management is responsible for _____,which should be a thoughtful progression from one step to another.

The functional field approach leads to better decisions and provides better problem solving for complex situations,enabling those that use it to be more successful.

Transformations are being accomplished when people are

Operations management uses _____ that consists of procedures,rules of thumb,and algorithms for analyzing situations and setting polices.

Each company's input-output model indirectly and directly reflects the impact of the competitors' input-output models.

With the _____ approach,operations management is expected to perform with minimum reference to other parts of the business.This approach concentrates on the specific tasks that must be done to make the product or deliver the service.

A Stage _____ company is centered on meeting shipment quotas and providing minimum service when requested.

P/OM uses qualitative descriptions to build models or representations of the real situation to test the effects of velocity and time on distance traveled.

The stage reflects the degree to which a company's activities have been coordinated and carried out.

If the part operations managers play in the overall organization model is to be effective,it should be systems-based.

The systems approach called _____ is based on the analytic reduction of systems into their parts,which is characteristic of the sciences.

Discuss the connections to P/OM in the organization chart.Does the structure support teamwork?

Similarities between services and manufacturing can be noted when service operations are based upon _____ in information processing.