Operations Flashcards
5 cards from real NERC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 5 Operations flashcards as text
What is the primary goal of operations management?
Answer: Maximizing efficiency and resource utilization
The primary goal of operations management is to optimize the processes involved in producing goods or services. This involves effectively planning, organizing, and controlling resources (people, materials, technology) to maximize efficiency, reduce waste, and ensure that outputs meet quality standards. By doing so, operations management aims to achieve organizational objectives effectively and economically.
Which of the following is a key responsibility of operations managers?
Answer: Overseeing the production process
A key responsibility of operations managers is to oversee and manage the entire production process, from raw materials to finished goods or services. This includes planning production schedules, managing inventory, ensuring quality control, and optimizing workflows. Their role is crucial in ensuring that products or services are delivered efficiently and meet customer expectations.
What does "Just-in-Time" (JIT) inventory management aim to achieve?
Answer: Reduce inventory holding costs
JIT is a strategy that reduces inventory costs by ordering materials and producing goods only when needed, thus minimizing excess stock.
What is the primary focus of Lean operations?
Answer: Reducing waste in processes
Lean operations focus on eliminating waste and inefficiencies in production processes to improve overall performance and cost-effectiveness.
Which operations strategy focuses on flexibility and quick response to customer demands?
Answer: Mass customization
Mass customization allows companies to quickly adapt to specific customer needs while maintaining efficient production processes.