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Short Questions: 6. What are principles of QMS? 7. What is the purpose of inventory in operations management? 8. What is the difference between horizontal and vertical integration? 9. What does scope of operation means? 10. What are forecasting model? 11. Why forecasting is importance for business success? Describe briefly. 12. What is SIPOC analysis? 13. Define briefly productivity and its types. 14. What are the types of capacity management? 15. Define the following terms a. Muda b. Mura c. Muri.

Short Questions: 6. What are principles of QMS? 7. What is the purpose of inventory in operations management? 8. What is the difference between horizontal and vertical integration? 9. What does scope of operation means? 10. What are forecasting model? 11. Why forecasting is importance for business success? Describe briefly. 12. What is SIPOC analysis? 13. Define briefly productivity and its types. 14. What are the types of capacity management? 15. Define the following terms a. Muda b. Mura c. Muri.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Short Questions: 6. What are principles of QMS? 7. What is the purpose of inventory in operations management? 8. What is the difference between horizontal and vertical integration? 9. What does scope of operation means? 10. What are forecasting model? 11. Why forecasting is importance for business success? Describe briefly. 12. What is SIPOC analysis? 13. Define briefly productivity and its types. 14. What are the types of capacity management? 15. Define the following terms a. Muda b. Mura c. Muri.
Transcribed Image Text:Short Questions: 6. What are principles of QMS? 7. What is the purpose of inventory in operations management? 8. What is the difference between horizontal and vertical integration? 9. What does scope of operation means? 10. What are forecasting model? 11. Why forecasting is importance for business success? Describe briefly. 12. What is SIPOC analysis? 13. Define briefly productivity and its types. 14. What are the types of capacity management? 15. Define the following terms a. Muda b. Mura c. Muri.
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