COM COM Technology & Innovation Management

Question 1

What is the primary benefit of implementing an Enterprise Resource Planning (ERP) system in operations management?

Accepted Answer

Integrating core business processes into a single unified system

Answer

Eliminating the need for employees

Answer

Reducing product quality standards

Answer

Outsourcing all manufacturing

Question 2

In operations management, what does 'automation' primarily help achieve?

Accepted Answer

Higher throughput with reduced human error and labor costs

Answer

Increased reliance on manual inspection

Answer

Slower production for higher quality

Answer

Elimination of all quality checks

Question 3

What is Industry 4.0, and how does it impact operations management?

Accepted Answer

The fourth industrial revolution integrating digital technologies like IoT, AI, and big data into manufacturing

Answer

A labor union movement for factory workers

Answer

A US government manufacturing incentive program

Answer

A quality certification level above Six Sigma

Question 4

What is the Internet of Things (IoT) in the context of operations management?

Accepted Answer

A network of connected devices that collect and share operational data in real time

Answer

A social media network for manufacturers

Answer

An inventory ordering system

Answer

A type of enterprise software

Question 5

Which innovation management framework categorizes innovations by their degree of novelty into incremental, breakthrough, and disruptive types?

Accepted Answer

Innovation ambition matrix

Answer

Value chain analysis

Answer

Porter's Five Forces

Answer

SWOT analysis

Question 6

What is a key operational benefit of predictive maintenance enabled by technology?

Accepted Answer

Reducing unplanned downtime by servicing equipment before failures occur

Answer

Eliminating all scheduled maintenance

Answer

Lowering equipment purchase costs

Answer

Removing the need for maintenance staff