Operations Management

Be able to answer and solve questions with the following subjects....

• Identify and explain seven major factos that affect location decisions,
• Compute labor productivity,
• Apply the factor-rating method,
• Complete a locational cost-volume analysis graphically and mathematically,
• Use the center-of-gravity method, and
• Understand the differences between service- and industrial-sector location analysis.
• Identify five supply chain strategies.
• Explain issues and opportunities in the supply chain.
• List the advantages and disadvantages of outsourcing.
• define product quality life cycle,
  
• describe a product development system,
• build a house of quality,
  
• explain how time-based competition is implemented by OM,
• describe how goods and services are defined by OM,
  
• describe the documents needed for production,
• explain how the customer participates in the design and delivery of services, and
• apply decision trees to product issues.
• define learning curve,
• use the doubling concept to estimate times,
• compute learning-curve effects with the formula and learning-curve table approaches, and
• describe the strategic implications of learning curves.
• define inventory nature and importance in both service and manufacturing sectors,
• discuss the objectives of inventory management,
• utilize various contemporary inventory management methodologies,
• solve quantity discount model opportunities, and
• solve reorder point based problems.
• explain lean operations,
• understand the goals and benefits of JIT,
• utilize JIT building blocks, and
• understand obstacles converting to a JIT.