OM TQM FINALS

It is concerned with the management of resources and processes

required by an organization to produce goods and services for the

customer.

TQM stands for

One of the challenges of OM is the “borderless marketplace” with the growing competitor

and sources of lower-cost labor and differences in

culture

Waste management, energy optimization, air quality,

workforce health & safety, ethics and governance,

emergency preparedness are among the key challenges of the OM

• Sustainable Practices

• Optimizing Supply Chain

• Globalization

• None of the given answer

Q. 

It also called stock control, is the process of managing a company's inventory levels

• Inventory Control

• Inventory

• Purchasing Plan

• Inventory Needs

It includes all activities involved in obtaining, training, and compensating the employees of a business.

• Staffing

• Planning

• Organizing

• Implementing

It involves taking a physical count of your merchandise at regular intervals

• Perpetual Invetory Method

• Periodic Invetory Method

• Cost of Being Out of Stock

• Cost of Carrying Inventory

Service often:

• are tangible

• are knowledge based

• are low in customer interaction

• have consistent product definition

Economic activities that typically produce an intangible product

• Products

• Services

• Operations Management

• Production

Information technology in services, develop

innovative products are among the key challenges of OM

• Technology

• Workforce

• Globalization

• Customers