What is Operations Management? What are major OM decisions? What are the key differences between goods and services?
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ESSAY
- What is Operations Management?
- What are major OM decisions?
- What are the key differences between goods and services?
The operations plan will ensure the business is able to produce the product or to provide the services that the business had planned in the marketing plan.
A. TRUE
B. FALSE
ANSWER:
Step by step
Solved in 2 steps
- 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…"Operations could be considered as a sub-system of an organization". Explain this statement highlighting the benefits of system perspective to operations management 1000 words
- Doing things better is one of the functions of Operations Management. With the use of examples, discuss the other five functions of operations management in a companyWhat are the tradeoffs between the five performance objectives: quality, speed, dependability, flexibility and cost? How does one improve and one decline with examples for Operations Management? Any articles showing a table or comparison chart would be helpful tooWhat 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!
- Operations Management brief answer please 1)What are the distinctive features of a focused differentiation strategy? How is it different from a broad differentiation strategy? 2)Identify uniqueness drivers in a company's value chain. Explain how these drivers impact a firm's generic strategy. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table Answer completely.Balanced scorecard (BSC) is a strategic management performance Metric that helps companies identify and improve their internal operations to help their external outcomes. It measures past performance data and provides organizations with feedback on how to make better decisions in due course.(c) Describe how to apply a BSC ?(b) What are the BSC benefits ?Which one of the following statements regarding operations management is TRUE? 1:- Inputs to a production system include capital and materials, but not human resources. 2:- Operations management deals only with manufacturing organizations because service organizations do not have tangble outputs. 3:- Typical inputs to a production system are processes and consumer goods. 4:- Customer participation and information on performance are two special types of inputs to a production system
- Which of the following is the least concern of the Operations Manager? a. Organizing b. Coordination c. Planning d. ControlRequired information Outline: Introduction: Understanding Business Operations/Operations Management Practice Activities: 1. Identify the associated tasks of each business operations component. A Closer Look: Voluntrip’s Operational Framework 2. Create business operations plan. INTRODUCTION: Understanding Business Operations/Operations Management Business operations/operations management includes the management and oversight of the physical location, facilities, equipment, inventory, warehousing, information managements systems, and people, that are required to manage a business. Understanding and effectively managing the day-to-day business operations are the keys to establishing and maintaining a successful business. Business operations/operations management encompasses three major business imperatives: Generate recurring revenue Increase the value of business assets Secure income and value for the business While each business imperative exists…Operations managers are called upon to support the organization's strategy. OM does this with some combination of one of three strategies. What are these three strategies?