Operations Management

In terms of operations management, the forecast which projects a company’s sales is called:

• Economic forecast

• Technological forecast

• Demand forecast

• Associative model

In which one of the following techniques, the least squares method models uses one

dependent and one or more independent variables?

• Trend adjusted forecast

• Simple moving average

• Regression analysis

• Exponential smoothing

The operational strategy must be in line with the:

• Department goals

• Organizational goals

• Management goals

• None of the above

Which one of the following strategies specifies how the firm will employ its production

capabilities to support its corporate strategy?

• Tactical

• Operations

• Manufacturing

• Production

The systematic processing of data to yield information is a part of __________.

• Management science

• Information sciences

• Industrial engineering

• Scientific management

Collaborative Planning, Forecasting, and Replenishment (CPFR) is a Web based tool used to

coordinate demand forecasting, ____________ and inventory replenishment between supply chain

trading partners

• Production and purchase planning

• Demand and supply planning

• Quantitative forecasting

• Demand management

Parabolic, exponential, and growth are elements of:

• Linear trends

• Forecast accuracy

• None of the above

• All of the above

Which of the following ensures that the design meets the performance characteristics that are

specified in the product concept?

• Functional design

• Production design

• Service design

• Product design

The forecasting time horizon that would typically be easiest to predict would be:

• Medium-range

• Long-range

• Short-range

• Intermediate range

Most of the organizations adopt a defensive design R&D Strategy in an attempt to prolong the

life of the product by employing new packaging, redesigning it, improving its reliability. This is

__________ phase in product life cycle

• Growth

• Maturity

• Saturation

• Decline