Exam 1: Introduction to Operations and Supply Chain Management

An operations manager benefits from an integrated view of business organizations.

A major challenge and opportunity for many firms is the globalization of the supply chain.

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

A warehouse operation is an example of a physical transformation process.

If the units produced by a factory increased by 10% and the labor productivity increased by 25%,then the labor hours __________.

China has reshaped the way firms compete globally.

Snacknow,a food service firm,is calculating its monthly productivity report.From the following data calculate the multifactor productivity. Labor rate $20 Units produced 10,000 Labor hours 1,000 Cost of materials $2000 Cost of energy $500

Companies that compete on ______________ focus on pleasing customers and satisfying their expectations.

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

Lean production refers to high-volume production of a standardized product.

Scientific management is __________.

Productivity is the most common measure of competitiveness.

Operations management is only concerned with the day-to-day operations of a firm's productive systems.

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

Companies that compete on ______________ are able to produce a wide variety of products in response to customer needs.

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

Sustainability,in its broadest sense,include(s)

Globalization of the supply chain has many pros and few,if any,cons.

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