Exam 1: Introduction to Operations and Supply Chain Management

Two-thirds of today's businesses operate globally.

Snacknow, a food service firm, is calculating its monthly productivity report. From the following raw data calculate the labor productivity. Labor rate $10 Units produced 10,000 Labor hours 1,000 Cost of materials $2000 Cost of energy $500

Companies go global to

The production system that prizes flexibility and quality over efficiency and quantity is known as

Which of the following is not one of the four primary functional areas of a firm?

Increases in productivity enable a nation to raise its standard of living.

Companies that compete on winnovation establish a corporate culture that discourages risk taking.

_____________ is what the firm does better than anyone else.

A(n) ____________ strategy involves a series of integrated decisions on processes, facilities, technology, quality, capacity, etc.

Telco Inc., a manufacturing firm, is calculating its monthly productivity report. From the following data calculate the machine productivity. Labor rate $20 Machine rate $15 Units produced 50,000 Labor hours 4,000 Machine hours 2,000 Cost of materials $20,000 Cost of energy $5,000

Globalization has affected manufacturing but not service operations.

Positioning is a step in strategy formulation that defines how firms will compete in the marketplace.

What can lead to increases in productivity? Productivity increases when firms become more efficient, expand, achieve breakthroughs that enable output increases to occur with reduced inputs, downsize while maintaining output with fewer inputs, and retrench with output and inputs decreasing, but inputs decreasing at a faster rate than output.

Linear programming, waiting line, simulation, and PERT/CPM are all elements of which era of operations and supply chain management?