operation management and inventories

Material and goods required for the production and supply of products to the customers is known as _______

• finished goods

• raw material

• Inventory

• operation

Manufacturing business will hold inventories in three forms:

• Raw material, Finished good and mechinary

• Raw material, inputs, output

• Raw material, work in progress and finished goods

• Raw material, cash and finished goods

Insufficient inventories will make the company can't fulfill ______ of customers

• demand

• idea

• satisfaction

• supply

Holding finished product might be use in other field that could give company potential gain will create ________

• maintenance cost

• additional cost

• operation cost

• opportunity cost

Keeping inventories in the secure warehouse that require special condition means company need to allocate some money to cover _____________

• operational cost

• opportunity cost

• Storage cost

• production cost

The ability of a business to change the level of production or the range of product base on the demand of customers is known as _______

• Inventories level

• Production innovation

• Operational flexibility

• Operational management

The word “innovation” comes from the Latin words in and novare, meaning _________.

• to make something in high quality

• to make high profit

• to make something new

• to provide goods and services

the manufacturing of limited number of product produced that through one stage of production before moving to the next stage is know as _______

• job production

• batch production

• flow production

• mass customization

general repair shop and tailoring shop are example of ___________

• batch production

• job production

• flow production

• mass customization

What influence the decision of operation planning?

• Marketing factors, availability of resources and technology

• Marketing factors, availability of resources and location

• Marketing factors, human resource and raw material

• Marketing factors, types of machinery and technology