Operations Management Concepts

1. In your own words explain, operations management?

2. In your own words, what is Total Quality Management?

3. In your own words, explain three quality costs.

4. What is a bullwhip effect? What are the causes?

5. What is a strategic partnership? Give an example.

6. Explain a the challenges of outsourcing

7. What is a balance sheet? How does it support business?

8. Identify a source of business financing.

9. Should a start-up organization invest in an IS immediately? Why or why not

10. What is database management?