Managing the activities of manufacturing by considering its value and cost is a major challenge in operations management. Which among the following is a value adding activity a. Processing on Raw Material b. Material Handling c. Storage of Inventory d. Inspection for Quality
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- Which parts of the value chain should the firm integrate into its operations? a. Only those for which it has cost advantage. b. Definitely those for which it has cost advantage. c. None of those for which it has either cost or benefit advantage. d. Only those for which it has benefit advantage.1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False b. True 2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently 3. For each supply chain driver, managers must make tradeoffs between Select one: a. Efficiency and responsiveness b. Costs and benefits c. Time and responsiveness d. Cost and performance e. Value addition The Certainty in decision environment of strategic decisions alludes to: Select one: a. Costly…6. Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?A. Supply chain B. Value chain C. Business model D. Prototype
- D. Purchase requisition. For effective planning and control decisions, managers must focus on the following A. Continuous improvement and benchmarking B. Key success factors C. Value chain and supply chain analysis D. Sustainability The key document that contain information relating to a particular job is calledOperations and supply chain management relate to the design and administration of the whole system which has what function?System design refers to: Select one: a. New product fit in existing organisation processes b. Review of target market requirements c. All of these d. Detailed design specifications e. Design match to strategy Order winners are goods or services that customers Select one: a. Consider buying b. Can afford to buy c. Actually buy d. Lay-bye Supply side of the supply chain is referred to as Select one: a. None of these b. Downstream c. Upstream d. Forward integration e. Vertical integration
- Any company's main purpose is to benefit stakeholders and competitors. d. service 4. In a manufacturing company, the supply chain is a crucial value chain that does all of the following except: Finance and accounting, marketing and sales, inbound logistics, and customer service 5. Value-added business processes. Reengineering, process redesign, disruptive change d. Continuous improvement innovates by progressively improving.What are the activities which are used to production and operations management functions. Production and operations management concern with the conversion of inputs into outputs, using Physical resources, so as to provide the desired utilities to the customer while meeting the other Organizational objectives of effectiveness, efficiency and adoptability.Process analysis can be used for ______ 1.deciding on how to service customers and interact with its supplier. 2.examining how suppliers ship products and firms receives them. 3.mapping activities, improving process and executing processes. 4.mapping activities, improving process and designing new processes. 5.helping managers make decisions relating to process improvement
- Works Inc. designs industrial tooling parts and makes the molds for those parts. The following activities take place when the company creates a new mold. Classify each cost as unit level (U), batch level (B), product/process level (P), or organizational level (O). Consultation with equipment manufacturer on design specifications Engineering design of mold Creating mold Moving materials from warehouse for test quantity Direct materials for test quantity to judge conformity to design specifications Inspecting test quantity Preparing design specification changes based on test molds Depreciating small kiln used solely for test quantities Depreciating manufacturing buildingWithin the value chain "support functions are" the: a. support activities provided to other internal business functions b. coordination and assembly of resources to produce a product or deliver a service c. mechanisms by which companies deliver products or services d. support activities provided to the customer2. Supply Chain Management can be described as the synchronisation of a firm's processes with its' suppliers A B True False