Answers [100% Correct] 2024/2025
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What is the primary goal of operations management?
**ANS** To efficiently transform inputs into outputs that meet customer expectations.
Which process involves monitoring the production process and making adjustments as necessary?
**ANS** Control.
Which term refers to the process of dividing work into manageable parts?
**ANS** Job specialization.
What is the difference between product design and process design?
**ANS** Product design focuses on the characteristics of the product, while process design focuses on
how the product will be produced.
What is the key factor that drives the layout of a manufacturing facility?
**ANS** The production process used.
Which strategy focuses on producing high volumes of standardized products?
**ANS** Mass production.
What is the primary benefit of using a Just-In-Time (JIT) inventory system?
**ANS** Reducing inventory costs by receiving goods only when needed.
Which type of production system is designed for creating a unique product or service?
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, **ANS** Project production.
What is the term for balancing the cost of holding inventory against the cost of ordering it?
**ANS** Economic Order Quantity (EOQ).
Which of the following is a type of scheduling tool that can display project tasks and timelines?
**ANS** Gantt chart.
What is the main purpose of a supply chain?
**ANS** To manage the flow of goods and services from suppliers to customers.
Which type of inventory includes items that are in the process of being transformed into finished goods?
**ANS** Work-in-process (WIP).
What does the term “lean operations” refer to?
**ANS** Minimizing waste in the production process.
Which forecasting method uses historical data to make predictions about future demand?
**ANS** Time series forecasting.
What is the purpose of capacity planning in operations management?
**ANS** To determine the production capacity needed to meet demand.
Which production layout is most commonly used for high-volume production of standardized products?
**ANS** Product layout.
What is the function of a Material Requirements Planning (MRP) system?
**ANS** To manage inventory levels and ensure materials are available for production.
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