IMT (Assignment)
2YR PGDM
Operations
OPMC632 Operations Strategy
OPMC 632
Assignment Set – 1
- Difficult performance management conversations focus on three main objectives. Choose the item that does not belong.
- To protect the employees’ rights
- To correct performance, not to punish the performer
- To project manpower needs for the coming year
- To protect you and the organization
- Which of the following is an example of a key performance indicator:
- Day's cash on hand
- All of the above
- Operating income
- Lead time to fill customer orders
- Which of the following product promotional activities would probably help make the supply chain more efficient?
- An "everyday" low price strategy where prices are not dependent on quantity delivered with a specific order
- Special packaging for a specific event that occurs one time each year
- All of the above
- Price promotions that expire on a specific date
- A company that can offer on-site repair in only 1 or 2 hours is an example of a company that is competing on competitive dimension.
- Process quality
- Delivery speed
- Delivery reliability
- Flexibility
- A breakeven point indicates which of the following:
- The point where we are most efficient
- The point where cost is minimized
- The point where we are indifferent between two options
- The point where profit is maximized
- A clear hierarchy of objectives in the project definition would NOT normally contain:
- Success criteria
- Control mechanisms
- An End result
- The purpose
- All of the following statements concerning the characteristics of aggregate planning for services is true except
- most services cannot be inventoried
- labor is the most constraining resource
- capacity is easy to predict
- demand is difficult to predict
- Supply-chain strategy concepts are applicable to what types of companies?
- Restaurants
- Service
- All of the above
- Airlines
- The operating system that runs their assembly lines all the time
- Handle the products in batch mode
- Continuous-Flow operations system
- Each team experts process the products
- Job production
- Income protection programmes include:
- medical insurance
- all of the above.
- pension plans.
- social security.
- The activities of the operations managers include
- Laying out the production facility
- Choosing a process for producing the company’s goods or services
- Selecting a production site
- All of the above
- Which of the following statement is NOT true about Class A,B and C items?
- Class A items are those 20% of high usage items, which generally account for 80% of total usage value.
- Class B items typically account for 40% of total value and 30% of the items.
- Pareto's law states that typically 20% of stocked items account for 80% of value.
- Class C items usually comprise 50% of total items, but only I 0% of the total value.
- A national distribution centre for soft drinks is most likely to use which form of inventory?
- Buffet inventory
- Cycle inventory
- Pipeline inventory
- Anticipation inventory
- Which of the following statements is not true about operations strategy?
- Operations strategy is concerned with setting broad policies and plans for using the resources of the firm to best support the firm's long-term competitive strategy.
- Operations strategy involves a long-term process that must foster inevitable change.
- An operations strategy involves decisions that relate to the design of a product and the infrastructure needed to support the product.
- Operations strategy can be viewed as part of planning process that coordinates operational goals with those of the larger organization .
- The type of processing structure that is used for producing discrete products at higher volume is:
- Job Shop
- Project
- Batch
- Assembly Line
- Which one is a continuous process of identifying, measuring and developing performance in organisations by linking each individual’s performance and objectives to the organisation’s overall mission and goals.
- Reward system
- Strategic planning
- Performance management
- Performance appraisal
- Operations Managers
- Do the financial planning for the company
- Make sure that products are produced efficiently, that products and services are marketed to maximize sales, and that the company is earning profit
- Are responsible for developing the IT operations of the company
- Are responsible for marketing the products
- Projects with high levels of complexity are likely to be especially difficult to define and set realistic objectives for.
- The Critical Path is an activity (or series of activities) that if delayed will delay the whole project.
- The term "assurance " in operations strategy reflects
- Confidence
- Illustrations
- Ambience
- Advantage
- Which of the following is not an alternative identified in the service-system design matrix?
- Face-to-face loose specs
- Phone contact
- Mail contact
- All of the above are identified
- Projects are usually in high-volume, low-variety operations.
- An operating system consists of
- The processes and activities associated with HR
- The processes and activities needed to operate the equipment’s
- The processes and activities needed to market the products
- The processes and activities needed to produce goods or services
- The type of processing structure that is used to produce gasoline, chemicals, and steel is:
- Job Shop
- Project
- Assembly Line
- Continuous Flow
- Who developed the value Matrix
- Treacy
- Martinez & Bititci
- Porter
- Deming
- Which of the following aggregate planning techniques guarantees an optimal solution?
- management coefficients model
- trial and error with a spreadsheet
- linear programming
- search decision rule
- Which of the following costs decrease as the order size is increased?
- Obsolescence costs
- Working capital costs
- Storage costs
- Price discount costs
- Which Quality Guru advocated that senior management is responsible for 94% of quality problems?
- Juran
- Deming
- lshikawa
- Crosby
- An example of a business/industry that uses batch flow process structure is:
- Automobile assembly
- French restaurant
- Commercial printer
- Heavy equipment
- Which one refers to service encounters whose specifications must be developed through some interaction between the customer and the server.
- Mail contact
- Phone contact
- Face-to-Face total customization
- Face-to-face tight specs
Assignment Set – 2
- The Critical Path is an activity (or series of activities) that if delayed will delay the whole project.
- Which of the following is beyond the operations strategy
- Papers
- Technology
- Process
- Core Competence
- Testing is an example of:
- Appraisal costs
- Prevention costs
- External failure costs
- Internal failure costs
- The operating system that runs their assembly lines all the time
- Handle the products in batch mode
- Each team experts process the products
- Job production
- Continuous-Flow operations system
- Which Quality Guru advocated that senior management is responsible for 94% of quality problems?
- Deming
- Juran
- lshikawa
- Crosby
- A Gantt chart is used to show a project timeline diagrammatically .
- The major decision variables in equipment selection are:
- Manufacturer
- Both A and B
- Labor requirements
- Flexibility
- Which of the following statement is NOT true about Class A,B and C items?
- Class A items are those 20% of high usage items, which generally account for 80% of total usage value.
- Class B items typically account for 40% of total value and 30% of the items.
- Pareto's law states that typically 20% of stocked items account for 80% of value.
- Class C items usually comprise 50% of total items, but only I 0% of the total value.
- The ability to master new technologies, design and introduce new products is an example of.
- Systems-based capabilities
- Process-based capabilities
- Coordination based capabilities
- Organization-based capabilities
- The item in the list below that is not a major competitive dimension that forms the competitive position of a company is:
- cost
- delivery speed
- product quality and reliability
- coping with changes in supply
- A company that can offer on-site repair in only 1 or 2 hours is an example of a company that is competing on _____ competitive dimension.
- Flexibility
- Delivery reliability
- Process quality
- Delivery speed
- The main argument against the just-in-time approach lies in the very conditions it seeks to promote, namely the insulation of stages in the process.
- An operating system consists of
- The processes and activities needed to market the products
- The processes and activities needed to operate the equipment’s
- The processes and activities needed to produce goods or services
- The processes and activities associated with HR
- When a company seeks to match the benefits of a successful competitor position while maintaining its existing competitive position is called:
- Fair competitive response
- Strategic fitting
- Straddling
- Activity-system mapping
- The term "assurance " in operations strategy reflects
- Confidence
- Illustrations
- Advantage
- Ambience
- Which of the following product promotional activities would probably help make the supply chain more efficient?
- An "everyday" low price strategy where prices are not dependent on quantity delivered with a specific order
- All of the above
- Price promotions that expire on a specific date
- Special packaging for a specific event that occurs one time each year
- Which of the following is not an alternative identified in the service-system design matrix?
- Phone contact
- Face-to-face loose specs
- Mail contact
- All of the above are identified
- Which one refers to service encounters whose specifications must be developed through some interaction between the customer and the server.
- Phone contact
- Face-to-face tight specs
- Face-to-Face total customization
- Mail contact
- Income protection programmes include:
- medical insurance
- all of the above.
- social security.
- pension plans.
- Operations Managers
- Do the financial planning for the company
- Are responsible for marketing the products
- Make sure that products are produced efficiently, that products and services are marketed to maximize sales, and that the company is earning profit
- Are responsible for developing the IT operations of the company
- All of the following statements concerning the characteristics of aggregate planning for services is true except
- capacity is easy to predict
- most services cannot be inventoried
- labor is the most constraining resource
- demand is difficult to predict
- A critical path network diagram does NOT:
- Calculate earned value.
- Identify the particularly important activities.
- Calculate the duration of the whole project
- Help determine the amount of float
- What is the purpose of Operations Strategy
- Take Time advantage
- Competitive advantage
- Paper advantage
- None of the above
- Which of the following is not an element of a good service guarantee?
- Ensures the firm makes a profit
- Unconditional
- Easy to understand and communicate
- Painless to invoke
- The best process flow structure to use for making automobiles is?
- Batch shop
- Job shop
- Assembly line
- Group technology cell
- Inventory used to compensate for the uncertainties inherent in supply and demand is known as:
- Pipeline inventory
- Anticipation inventory
- Cycle inventory
- Buffer inventory
- De-coupling inventory occurs because one or more stages in the process cannot supply all the items it produces simultaneously.
- Supply-chain strategy concepts are applicable to what types of companies?
- Service
- All of the above
- Airlines
- Restaurants
- Inventory used to compensate for differences in the timing of supply and demand is known as:
- Buffer inventory
- Cycle inventory
- Anticipation inventory
- Pipeline inventory
- SPC tools commonly used for continuous improvement efforts include:
- All of the above
- Cause and effect diagrams
- Process flow chart
- Pareto analysis