TC Operations Management Questions

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Question 1
Why is operations management (OM) important to organizations today? How is OM related to Supply Chain Management? How does OM add value to customers?Why is operations management (OM) important to organizations today? How is OM related to Supply Chain Management? How does OM add value to customers?

Question 2
What is organizational strategic planning? What is an operations management strategy? What other organizational strategies are related to an OM strategy?

Question 3
What is a product life cycle? At what point in a product or service life cycle is project management used? When is process management used? What is the difference between project and process management?

Question 4
Describe the transformation process and its components. Why is it important to provide feedback to the start and end nodes of the transformation process? Can you present a simple example of the transformation process and specify feedback parameters?

Question 5
Describe the Critical Path Method of scheduling? What form of management discipline is a Critical Path Method related to? What is the difference between a process diagram and a CPM network diagram?

Question 6
What is a Pareto Chart? Why is it used?

Question 7
What are the fundamental considerations in selecting a site location?

Question 8
What are the basic types of facility layouts for either a manufacturing or service based organization?
Question 9
What is inventory? What are the different types of inventory? What types of costs are related to carrying an inventory?

Question 10
What are the general principles of aggregate planning? Describe the other plans related to aggregate planning from a tactical to day-to-day point of view? What is top-down-bottoms-up planning? 

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