What are the pros and cons of qualitative risk assessment

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Reference no: EM132234552

1. Suppose that you own a job shop (process layout, MTO) where you receive orders in small batches. It means you are dealing with High Mix Low Volume (HMLV) type of orders. Considering lean production principles, prepare a to-do list that needs to be done in order to succeed.

2. Explain five challenges of Operations Management

3. What are the pros and cons of Qualitative Risk Assessment?

Reference no: EM132234552

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