QUESTIONS WITH SOLUTIONS GRADED A+
◉ Production Management.
Answer: All the activities managers engage in to help firmscreate
goods
◉ Operations Management.
Answer: A specialized area in management that converts
ortransforms resources into goods and services
Includes: Inventory management Quality control Production
scheduling Follow-up services
◉ The Production Process.
Answer: INPUTS, PRODUCTIONCONTROL, OUTPUTS
◉ INPUTS.
Answer: Land, Labor, Materials, Capital, Entrepreneurship,
Knowledge
◉ PRODUCTION CONTROL.
Answer: Planning, Routing, Scheduling, Dispatching, Follow-up,
, ◉ OUTPUTS.
Answer: Goods, Services, Ideas
◉ Process Manufacturing.
Answer: The part of production that physically or chemically
changes materials
◉ Assembly Process.
Answer: The part of production that puts together components
◉ Continuous Processes.
Answer: Long production runs turn out finished goods overtime
◉ Intermittent Processes.
Answer: Production runs are short and the producer adjusts
machines frequently to make different products
◉ Operations Management Objective.
Answer: Provide high-quality goods and services in response to
customer demand