In developing an operations and supply strategy, which one of the following would be an important product-specific criteria to consider? Select one: a. Focused factory b. Production lot-size c. Supplier after-sale support d. Learning curve e. Total quality management
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- a. Design Processi. Explain why the service design process is more difficult than the product design b. Process Strategyi. Explain the difference between assembling a car and assembling an electronic equipment according to process strategy? c. Operations Strategyi. Explain the understanding of the theory of Comparative Advantage which was initiated by David Ricardo ii. Briefly describe the application of this theory to operations management and give an example. d. Operations and Productivityi. Explain why management is an important determinant of productivity?ii. Explain why the knowledge society is very important in productivity in acompanyWith respect to the functional organization chart reviewed in class, the following activities: RFI's, Documentation, Scope changes, Mechanical Packages, Variances, Reporting, As-Builts are typically associated with which category? O Administrative / Subcontract O Construction Field Engineering O HSE O Home Office Engineering O MaterialsWhat do we mean by micro-operations? A)The other functions of the business. B)Small operations. C)The component transformation processes which together make up the macro-operation. D)The more detailed activities carried out within operations. Note- Only need the correct option without explanation as fast as you can!
- – As we know, operations management is a process of value addition by transforming input into output. Pick any company of your choice that is working in Pakistan that you know better and answer the following based on that company a – Please explain detailed ITO process. b – As a Operations Management student, what do you think how do that company measure their operational performcance?Why does the “proper” operations strategy keep changing for companies that are world-class competitors? Assume that a firm would like to manufacture a new product. What are the areas of responsibility for each of the functional areas (marketing, finance, accounting, personnel) What do customer expectations have to do with service quality? Why are performance measures important? What factors have contributed to the increased emphasis on faster product development and introduction?- Give a description of the operations transformation model. - Explain the components of the operations model: 1. Inputs: 2. Transformation process: 3. Outputs: - Apply them to the jean manufacturer company : You are the newly appointed operations manager for a local manufacturer of jeans for men and women. Previously, there was no proper management of the department and you intend to correct this by revamping the layout and flow of manufacturing. You also intend on improving the reliability of the operations processes. You need to explain to your new operations team several important concepts related to operations management.
- 1. Briefly discuss 4 supply chain challenges. 2. A large percentage of the revenue of most firms is spent in the Operations Management function. Select one: a. False b. True 3. Design is a basis for _________________and should therefore be a ____________________ Select one: a. Efficiency; key consideration b. Competitiveness; core competency c. Profitability; key strategy d. Survival; core competency e. Competitiveness; key strategyRead each statement below and identify the correct term or concept.Q.1.1A process that determines the mission and goals of the business, including the ways in which the goals are to be reached in the long term, and the resources needed for this task.how does Economies of scale, Learning and experience curve effects, the cost of key resources inputs,and link with other activities in a manufactoring company or industry value chain
- Define some of the strategic decisions that might be required in a grocery store’s operation and its supply chain depending on whether the strategy was emphasizing imitation or innovation.Note - need the correct option without explanation as fast as possible!! Which of the following activities is NOT direct responsibility of operations management? A) Developing an operations strategy for the operation. B)Determining the exact mix of products and services that customers will want. C)Designing the operation's products, services and processes. D)Planning and controlling the operation.Managing the Operations 1. What are the 6 important activities of a productive system? 2. What is a workflow layout? 3. What are the 4 ways of achieving proper inventory Control? 4. Draw the transformation process of an existing company. Indicate where the improvements of the flow can be introduced. Managing the Marketing Function 1. What is the marketing concep 2. What are the 4 P’s of Marketing 3. Choose an engineering firm with an existing marketing unit. Draw the organization chart of the firm showing the marketing unit and the relationship with other units. Managing the Finance Function 1. What is the Finance Function of an organization? 2. What are the 4 major fund requirements of an engineering firm? 3. What are the 6 major sources of funds to finance an engineering firm? 4. What is Risk Management? What are the methods in dealing with risks? 5. Identify an engineering firm of your choice Determine the methods used by the firm in handling risk. Do you consider…