Tag (SQ): Operations Strategy

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Identifies finance department’s role in the value chain.

Where does the finance department sit in the value chain?

A Operations

B Service

C Firm infrastructure

D Procurement

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Links resource demand and supply reconciliation to operations.

Reconciling demand for resources and outputs with their supply is associated most closely with which of the following?

A Inventory management

B Production planning and control

C Capacity planning and control

D Quality control

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Assesses quality’s measurability and competitive advantage.

Which one of the following statements is correct?

A   Quality is measurable but is not a means of achieving sustainable competitive advantage.

B   Quality is measurable and is a means of achieving sustainable competitive advantage.

C   Quality is not measurable and is not a means of achieving sustainable competitive advantage.

D   Quality is not measurable but is a means of achieving sustainable competitive advantage.

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Defines quality in operations strategy context.

Quality is best defined by which one of the following statements?

A   The utilisation of 100% of manufacturing capacity

B   The manufacture of products that are 100% reliable

C   Zero customer complaints

D   Meeting the expectations of customers

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