#1
What is the primary objective of operations management?
Delivering value to customers
ExplanationEnsuring efficient processes to meet customer needs.
#2
Which of the following is NOT a characteristic of lean production?
High levels of inventory
ExplanationLean production emphasizes minimal inventory.
#3
Which of the following is NOT a component of Total Quality Management (TQM)?
Customer Segmentation
ExplanationTQM focuses on quality improvement, not market segmentation.
#4
What does the term 'Economies of Scale' refer to in operations management?
Decreasing average costs as production volume increases
ExplanationCost advantages gained through increased production.
#5
What is the goal of supply chain management?
To maximize value creation for customers
ExplanationEfficiently managing the flow of goods and services.
#6
Which strategy focuses on minimizing production lead times and response times to customer orders?
Agile manufacturing
ExplanationAdaptability and responsiveness in production processes.
#7
Which of the following is a key characteristic of a push-based supply chain?
It relies heavily on demand forecasting
ExplanationProduction decisions based on anticipated demand.
#8
What is the Bullwhip Effect in supply chain management?
An increase in demand variability as you move up the supply chain
ExplanationAmplification of demand fluctuations.
#9
What is the purpose of a Kanban system in lean manufacturing?
To signal when to produce and replenish
ExplanationVisual signaling for inventory control.
#10
In the context of supply chain management, what does the acronym RFID stand for?
Radio Frequency Identification
ExplanationUsing radio waves to track and identify items.
#11
What is the purpose of the Theory of Constraints (TOC) in operations management?
To identify and alleviate bottlenecks
ExplanationSystematic approach to optimize processes.