What do you meant by operations management

Assignment Help Management Information Sys

Reference no: EM1328425

Operations Management Economics

1. What is operations management? Why is it important? Is a good knowledge of operations management more important in service or manufacturing industries? Explain your answer.

2. Discuss the use of PERT/CPM techniques for managing projects. Describe what PERT/CPM does. Discuss advantages and disadvantages of using it. What other techniques might you choose to manage your project?

3. What are economies of scale in a manufacturing plant? Do they continue forever? What are diseconomies of scale? How might you decide the optimal size of a plant?

4. What, in your opinion are the 3 most important issues in supply chain management. Discuss why you think these are the key issues.

5. Discuss why (or if) inventories are necessary. What are the benefits of inventories? What are the disadvantages of holding inventories?

Reference no: EM1328425

Questions Cloud

Procurement and contract management : What do you believe is the "big picture" and what solution do you propose for the above scenario and Can this be a win/win situation or does it have to be a win/lose situation?

Explain competitive forces model : Explain Competitive Forces Model and How evident is the bargaining power of suppliers and customers within the industry

Description of present value and future value : The shorter the length of time between present value and its corresponding future value, the lower present value, relative to future value, true of false?

Evaluate the on-going progress of the change effort : The solution thoroughly addresses each question, utilizing a call center work environment as example. Included are potential measurements, both quantitative and qualitative, for measuring change efforts with these job duties.

What do you meant by operations management : What do you meant by operations management? Why is it important? Is a good knowledge of operations management more important in service or manufacturing industries? Explain your answer.

Motive carry greater weight on ethical scales : Should motive or conduct carry greater weight on the ethical scales in this situation?

Define the divide-and-average algorithm : The divide-and-average algorithm for approximating the square root of any positive number a is as follows: Take any initial approximation x that is positive, and then find out a new approximation by calculating the average of x and a/x, that is, (..

Assistance on supply chain management paper : Requesting assistance on Supply Chain Management Paper - Background: elucidate the current situation and context - tell about the campaign and what it was supposed to do and why you were assigned and Strategy

Determining present value and future value : You have just received a windfall from an investment you made in a friend's business. What is the present value of your windfall? What is the future value of your windfall in three years (on the date of the last payment)?

User Account

All Pages