Operations Management - Quiz 1

It focuses on specific day-to-day issues like resource needs, schedules, & quantities to produce

Efficiently allocating and managing resources like labor, materials, and equipment can be a constant challenge

It focuses on the social aspects of work & recognized the importance of employee satisfaction .

This are resources such as People, Material, and Money

Incorporating sustainable practices and minimizing the environmental impact of operations

Responsible for creating new and modified products in order to generate future customers request for service

Responsible for communicating the organization’s products and services to its markets

Maintaining consistent product or service quality is vital, and deviations can lead to customer dissatisfaction

Began in the 1770s in England and spread to the rest of Europe and to the United States during the 19th century

Identifying and mitigating risks, whether they're related to market changes, natural disasters, or cybersecurity

Who is the father of scientific management?

During Industrial Revolution, the most significant machine was Steam Engine

The human relations approach emphasized teamwork, communication, and employee involvement in decision-making.

Business function responsible for planning and controlling the resources needed to produce products for a company

Responsible for fulfilling customer requests for service throughout the production and delivery of products and services

Outputs are resources such as People, Material, and Money

Continuously improving and optimizing operational processes to enhance efficiency and productivity

Means performing activities well for least possible cost

Ensuring a smooth flow of materials and products throughout the supply chain.

Managing operational costs to ensure profitability.