Provide a brief review of developments in operations management in recent years. Find at least one example of how one of these developments has impacted a company and its customers.
What will be an ideal response?
A successful answer will touch briefly on the operations management developments described in the text and may bring in (in the case of an exceptional answer) other developments from outside the text. The answer will also address how a development has impacted a company. For example, the impact of use of RFID on a company’s inventory management practices might be mentioned.
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Smith, Inc. has a pension plan with the following data available for 2018 and 2019: 20182019Service cost$30,000 $34,000 Interest cost$18,000 $20,000 Actual return on plan assets$15,000 $21,600 Beginning of year plan assets$200,000 $240,000 Discount rate 8% 8%Expected return on plan assets 8% 8%If the beginning cumulative net actuarial gains are $30,000, the fair value of the plan assets is $200,000 at the beginning of 2018, and the average remaining service period of active employees is 10 years, the amortization of actuarial gains for 2018 is:
A. $1,000. B. $0. C. $2,000. D. $750.
Which one of the following represents a control deficiency?
a. A missing control that is required for achievement of objectives. b. A control that operates as designed. c. A control that ensures the reliability of financial reporting. d. A control that does not prevent immaterial errors.
Evolutionary change is ______.
A. sporadic B. ongoing C. planned D. none of these
The Quantitative Analysis Approach consists of six steps
Indicate whether the statement is true or false