operations management

The concept of "Total Quality Management" $($TQM$)$ emphasizes:

a$)$ Reducing costs at all costs

b$)$ Achieving perfection in every product

c$)$ Maximizing production output

d$)$ Meeting minimum quality standards

Which of the following is a key element of supply chain management?

a$)$ Minimizing communication with suppliers

b$)$ Maximizing inventory levels

c$)$ Streamlining logistics and transportation

d$)$ Reducing customer demand

What does the acronym ERP stand for in the context of operations management?

a$)$ Efficient Resource Planning

b$)$ Effective Resource Procurement

c$)$ Enterprise Resource Planning

d$)$ Economic Resource Production

Which forecasting method uses historical data to make predictions about future demand?

a$)$ Delphi method

b$)$ Time series analysis

c$)$ Regression analysis

d$)$ Market research

Which inventory costing method assumes that the most recently purchased items are the first to be sold?

a$)$ FIFO $($First$-$In$-$First$-$Out$)$

b$)$ LIFO $($Last$-$In$-$First$-$Out$)$

c$)$ Weighted Average

d$)$ Specific Identification

In operations management, what does the acronym MRP stand for?

a$)$ Material Resource Planning

b$)$ Manufacturing Resource Planning

c$)$ Maximum Resource Production

d$)$ Market Research and Planning

Which lean production principle focuses on eliminating waste and activities that do not add value?

a$)$ Kaizen

b$)$ Kanban

c$)$ Poka$-$Yoke

d$)$ Muda

What is the primary goal of Six Sigma?

a$)$ Reducing defects and errors

b$)$ Maximizing production speed

c$)$ Minimizing employee turnover

d$)$ Maximizing advertising spending

Which of the following is a key component of capacity planning?

a$)$ Minimizing machine downtime

b$)$ Maximizing lead times

c$)$ Minimizing employee breaks

d$)$ Maximizing waste production

What does the term "Bottleneck" refer to in operations management?

a$)$ A narrow bottleneck$-$shaped container

b$)$ A process step that limits the overall capacity of a system

c$)$ A marketing strategy to limit competition

d$)$ A type of inventory control method

Which type of inventory includes items that are held in reserve to deal with unexpected demand or supply disruptions?

a$)$ Safety stock

b$)$ Cycle stock

c$)$ Pipeline stock

d$)$ Seasonal stock

Which inventory management model aims to maintain a consistent inventory level and reorder when it reaches a predetermined minimum?

a$)$ Economic Order Quantity $($EOQ$)$

b$)$ Just$-$in$-$time $($JIT$)$

c$)$ ABC analysis

d$)$ Material Requirements Planning $($MRP$)$

Which type of quality control chart is used to monitor the variation in a process over time?

a$)$ Pareto chart

b$)$ Control chart

c$)$ Scatter diagram

d$)$ Fishbone diagram

Which project management technique helps in scheduling and visualizing tasks and their dependencies?

a$)$ Gantt chart

b$)$ PERT chart

c$)$ Scatter plot

d$)$ Histogram

What is the primary purpose of a supply chain network design?

a$)$ Maximizing production efficiency

b$)$ Minimizing customer satisfaction

c$)$ Minimizing transportation costs

d$)$ Maximizing employee turnover

Which of the following is a key principle of the Theory of Constraints $($TOC$)?$

a$)$ Maximizing the utilization of all resources

b$)$ Identifying and managing bottlenecks

c$)$ Eliminating all variability in processes

d$)$ Minimizing customer demand

Which inventory management method aims to classify items based on their importance and value?

a$)$ ABC analysis

b$)$ JIT inventory

c$)$ FIFO inventory

d$)$ LIFO inventory

Which of the following is a common objective of production scheduling?

a$)$ Maximizing machine downtime

b$)$ Minimizing lead times

c$)$ Maximizing employee breaks

d$)$ Minimizing waste production

Which type of production system involves producing customized products in response to customer orders?

a$)$ Make$-$to$-$order

b$)$ Make$-$to$-$stock

c$)$ Engineer$-$to$-$order

d$)$ Assemble$-$to$-$order

Which concept involves the systematic planning and control of all activities in an organization's value chain?

a$)$ Lean production

b$)$ Six Sigma

c$)$ Total Quality Management $($TQM$)$

d$)$ Supply chain management

What is the primary focus of process mapping in operations management?

a$)$ Identifying bottlenecks

b$)$ Eliminating waste

c$)$ Managing inventory

d$)$ Increasing production speed

Which performance metric measures the ratio of output to input in a production process?

a$)$ Efficiency

b$)$ Effectiveness

c$)$ Lead time

d$)$ Cycle time

What does the term "lead time" refer to in operations management?

a$)$ The time it takes to lead a team

b$)$ The time it takes to complete a production order

c$)$ The time it takes to place an order with a supplier

d$)$ The time it takes to deliver a product to a customer

Which of the following is a key element of the $5$S methodology for workplace organization?

a$)$ Speed

b$)$ Safety

c$)$ Sales

d$)$ Stock

Which of the following is a fundamental concept in operations management that aims to minimize waste and improve efficiency?

a$)$ Total Quality Management $($TQM$)$

b$)$ Agile manufacturing

c$)$ Lean production

d$)$ Six Sigma