Operations and Supply Chain Strategy in Business Quiz
Test your knowledge on operations management objectives, lean production, supply chain goals, RFID, TQM components, forecasting methods & more.
#1
What is the primary objective of operations management?
Maximizing profits
Minimizing costs
Delivering value to customers
Increasing market share
#2
Which of the following is NOT a characteristic of lean production?
Just-in-time inventory
High levels of inventory
Waste reduction
Continuous improvement
#3
Which of the following is NOT a component of Total Quality Management (TQM)?
Continuous Improvement
Employee Empowerment
Customer Segmentation
Process Focus
#4
What does the term 'Economies of Scale' refer to in operations management?
Decreasing average costs as production volume increases
Increasing average costs as production volume increases
Stable average costs regardless of production volume
No relationship between average costs and production volume
#5
What is the goal of supply chain management?
To minimize customer satisfaction
To maximize supply chain complexity
To minimize inventory levels
To maximize value creation for customers
#6
Which strategy focuses on minimizing production lead times and response times to customer orders?
Agile manufacturing
Mass customization
Six Sigma
Business process reengineering
#7
Which of the following is a key characteristic of a push-based supply chain?
It relies heavily on demand forecasting
It emphasizes reactive production
It requires high levels of safety stock
It involves frequent stockouts
#8
What is the Bullwhip Effect in supply chain management?
An increase in demand variability as you move up the supply chain
A decrease in demand variability as you move down the supply chain
Stable demand patterns throughout the supply chain
An increase in efficiency due to centralized control
#9
What is the purpose of a Kanban system in lean manufacturing?
To maintain high levels of inventory
To monitor employee performance
To signal when to produce and replenish
To automate production processes
#10
In the context of supply chain management, what does the acronym RFID stand for?
Radio Frequency Identification
Real-time Forecasting and Inventory Data
Retailer-Focused Inventory Distribution
Regional Fulfillment and Inventory Delivery
#11
What is the purpose of the Theory of Constraints (TOC) in operations management?
To identify and alleviate bottlenecks
To increase process complexity
To decrease process variability
To optimize resource utilization
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