Operations General
Why is operations considered the heart of the compnay
Because just like the hearts it helps the comany function and operate daily
What is inventory control
ensuring that appropriate amounts of stock are maintained by a business
CRM Systems can store all of your clients' data, sales calls, emails, phone calls, visits, social media communications and several more options as well.
True
What is supply chain management?
The management and supervision of goods from production to delivery at all stages .
What is quality control?
a system of maintaining standards in manufactured products
What is the formula for operations to incrrease productivity
Input= Create effective process= Morre output
The overall objective of inventory control is to maintain inventory levels so that
The total value of inventories is enough to meet demand
Why would you ask questions of your data sets (stored information on your clients)?
To Inform Product Development
What is efficient supply chain management ?
It ensures that products are available to customers when they need them.
Quality control is a proactive process and quality assurance is a reactive one.
True
What is opertaions main goal
to solve problems to meet financial goals
What type of business is most likely to hold inventory in the form of work-in-progress?
Construction firm
Which technology adoption has allowed CRM systems to grow since 2017 and be adopted by smaller companies? Pick the item that has influenced this growth the most.
Cloud computing
Why is supply chain management considered esssential?
Because it ensures overseeing the flow of goods and services from the initial production stage to the final delivery to customers
The quality assurance is carried out...
before the product is launched.
What is Business Operations
The processes necessary for running a company efficiently and effectively
An inventory lead time is the:
Amount of time between placing an order and receiving stock
A system that is designed specifically to interrupt data sets to aid your decisions that go beyond the basic applications provided by most CRM systems would be used by which type of CRM system?
Operational
What is the name of the position of the person that oversees a block chain line distribution
Block chain manager or director
Who is responsible for quality control?
a specific team
List some of the processess involved in operations
purchasing raw materials, manufacturing products, marketing, selling, delivering goods and services and providing services to customers.
A likely advantage of a business holding high levels of inventory is that the business will
Be better able to handle sudden increases in demand
Twenty Years ago companies relied on what to track their customer interactions and data?
Spreadsheets
Why is Business Operations specifically block chain managemet crucial in business
Companies will have producst in stock when they need them and clients will be satisfied.
What is the difference between quality control and total quality management?
Total quality management avoids errors , quality control fixes errors.