- What is the strategic importance of operations management?
- What are the major decision responsibilities of operations management?
- What are the five elements of the management process?
- Which of the following is an element of management?
- Which of the following is one of the 10 strategic operations management decisions?
- What is strategic management operations decision?
- What is an example of a strategic decision?
- What are the operations strategies?
- What are the four major decision areas in operations management?
- What are the primary functions of all organizations?
- What is the difference between tactical and operational?
- What is the difference between strategic and operational decisions?
- Which is the system operations decision?
- What are examples of operational decisions?
- What are the five elements in the management process quizlet?
- What are the two types of decision practices in the modern operation management system?
- What are the key aspects of operations management decision making?
- How many strategic decisions make up the fundamentals of operations management?
- What are the characteristics of strategic management?
- What are the operations management strategies?
- What are examples of operations?
What is the strategic importance of operations management?
The role of operations strategy is to provide a plan for the operations function so that it can make the best use of its resources.
Operations strategy specifies the policies and plans for using the organization’s resources to support its long-term competitive strategy..
What are the major decision responsibilities of operations management?
Five Decision Areas However, one can analyze the operations function using 5 major decision responsibilities: process, capacity, inventory, work force, and quality. Process — Make decisions about the physical production process, technology, and layout.
What are the five elements of the management process?
According to him, the five elements of the management process are planning, organizing, controlling, commanding, and coordinating.
Which of the following is an element of management?
Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.
Which of the following is one of the 10 strategic operations management decisions?
The 10 strategic operations management decisions include: Goods and service design, quality, process and capacity design, locations selection, layout design, human resources and job design, supply-chain management, inventory, scheduling, and maintenance.
What is strategic management operations decision?
Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two.
What is an example of a strategic decision?
Examples of strategic decisions are the layout of the storage area (i.e., shape, number of warehouse blocks and depot location), as well as the selection of storage systems, in particular the level of automation and the material handling equipment to retrieve items.
What are the operations strategies?
“Operations strategy is the total pattern of decisions which shape the long-term capabilities of any type of operations and their contribution to the overall strategy,” they write. Technology and business models are rapidly changing, so businesses must keep pace and look to the future.
What are the four major decision areas in operations management?
There are four major decision areas in supply chain management: 1) location, 2) production, 3) inventory, and 4) transportation (distribution), and there are both strategic and operational elements in each of these decision areas.
What are the primary functions of all organizations?
All managers perform the four basic functions of planning, organizing, leading and controlling, though some will spend more time on some functions than others depending on their managerial role in an organization.
What is the difference between tactical and operational?
Tactical planning is short range planning emphasizing the current operations of various parts of the organization. … Operational planning is the process of linking strategic goals and objectives to tactical goals and objectives.
What is the difference between strategic and operational decisions?
They’re considered medium-term decisions versus strategic long-term decisions. Like strategic decisions, they’re focused on growth but they target the production process. … Operational decisions are about the details of work that needs to be done to meet your strategic plan’s goals and implementing those details.
Which is the system operations decision?
The most common type of repeatable decision is the operational decision. These involve the daily business decisions that are done in high-volume by every business. When a customer contacts your business, places an order, or does any form of interaction, it involves operational decisions.
What are examples of operational decisions?
For example, an operational decision may consider compliance with state regulations, or the possibility of a fraudulent transaction, or a calculation of taxation, or an exception to a claims process. This is precisely why operational decisions are very often excellent candidates for automation.
What are the five elements in the management process quizlet?
What are the five elements in the management process? Name the 10 Strategic OM Decisions….Name the 10 Strategic OM Decisions.Design of goods/services.managing quality.process and capacity design.location strategy.layout strategy.HR and job design.Supply-chain management.Inventory Management.More items…
What are the two types of decision practices in the modern operation management system?
These decisions concern the process, people, information and the system that produces and delivers the service. … The six types of decisions made by operations managers in service organizations are: process, quality management, capacity & scheduling, inventory, service supply chain and information technology.
What are the key aspects of operations management decision making?
Operational decisions focus on scheduling, maintaining equipment, and meeting customer demand. Quality control and workload balancing are also important considerations. Inventory decisions relate to determining inventory needs and coordinating production and stocking decisions throughout the supply chain.
How many strategic decisions make up the fundamentals of operations management?
10 decisionIn operations management, these 10 decision areas address the various activities that contribute to organizational success.
What are the characteristics of strategic management?
Characteristics of Strategic ManagementTop management involvement.Requirement of large amounts of resources.Affect the firms long-term prosperity.Future-oriented.Multi-functional or multi-business consequences.Non-self-generative decisions.
What are the operations management strategies?
Strategic OM DecisionsProduct and Service Management. What good or service do we offer and what is the design of it?Operations and Supply Chain Management. … Inventory Management. … Forecasting and Capacity Planning. … Operations Scheduling. … Management of Quality. … Facilities Planning and Management.
What are examples of operations?
The following are illustrative examples of operations management.Procurement. Procurement is the process of developing requirements for inputs and selecting and managing suppliers. … Supply Chain. … Manufacturing. … Customer Service. … Information Technology. … Quality Assurance. … Distribution.