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Question 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.
Question 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?
Question 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?
Question 4: What, in your opinion, are the three most important issues in supply chain management? Discuss why you think these are the key issues.
Question 5: Discuss why (or if) inventories are necessary. What are the benefits of inventories? What are the disadvantages of holding inventories?
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Discuss the risks and benefits of inventory size and location. Explain what companies can do to minimize their risks associated with inventory?
Prepare a Multi-step Income Statement for DFG company using the following data related to the operations of Jan. 1 Dec, 31, 2013 period.
Explain how an integrated supply chain strategy will contribute to the organization's efficiency and effectiveness. Compare ways in which supply chain logistics strategies contribute to economic value in the United States and how it relates to your..
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