What is operations management

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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?

Reference no: EM13983324

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Operation Management Questions & Answers

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Briefly explain Evolution and contributor of Operations management.

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Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

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Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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