A computer manufacturer is seeking to cut costs by designing an inventory system that reduces the number of finished products in stock due to overproduction and to set in place a production schedule that better matches customers' orders. These plans are an example of ____ in action.
A. operations management
B. scientific management
C. production management
D. inventory oversight
E. inventory analysis
A. operations management
Operations management is concerned with work scheduling, production planning, facilities location and design, and decisions about the optimum inventory a company should maintain.
You might also like to view...
In a dialogue, the goal is to convince the other person of your solution to the problem
Indicate whether this statement is true or false.
Employees tend to be engaged when they work for a company that expresses sustainability goals and holds itself accountable to its stakeholders.
Answer the following statement true (T) or false (F)
Hiro sells building materials to local contractors. He wants to build long-term relationships with his contractors through effective follow-up. After delivering the materials ordered, Hiro can demonstrate ________ by checking with his contractors right after the delivery and addressing any problems promptly.
A. assurance and profitability B. profitability and reliability C. responsiveness and empathy D. tangibility and competence E. reliability and tangibility
Grengard Corp., a public relations firm, pays a hefty rent for its office space as it is set up in one of the best commercial areas of London. In the given scenario, the rent paid by the firm for its office space is an example of _____.
A. incremental costs B. indirect costs C. out-of-pocket costs D. opportunity costs