Operations management

Table of Contents

1. Topic pack - Operations management - introduction
2. Operations Management (OM) - Introduction
3. 5.1 Production methods notes
4. 5.1 Production methods - questions
5. 5.2 Costs and revenues - notes
6. 5.2 Costs and revenues - questions
7. 5.3 Break-even analysis - notes
8. 5.3 Break-even analysis - questions
9. 5.3 Break-even analysis - simulations and activities
10. 5.4 Quality assurance - notes
11. 5.4 Quality assurance - questions and activities
12. 5.5 Location - notes
13. Innovation - notes (HL only)
14. 5.6 Innovation - questions
15. 5.7 Production planning - notes
16. 5.7 Production planning - questions
    1. Production planning - short answer questions
    2. Stock control - numerical questions
    3. Outsourcing goes full circle
17. 5.8 Project management - notes (HL only)
18. 5.8 Project management - questions (HL only)
19. Print View

Production planning - short answer questions

Question 1

Identify the three categories of stock.

Question 2

Examine the stock control chart below, then answer the questions which follow.

Various points and levels are marked with the letters a to f.

Identify each of the points and explain their meaning.

Question 3

Explain how a firm determines its minimum stock level.

Question 4

Examine the reasons why firms hold stocks of finished goods.

Question 5

Distinguish between 'reorder level' and the 'reorder quantity'.

Question 6

Explain why the Economics Order Quantity (EOQ) differs from product to product.

Question 7

Using examples, explain why capacity utilisation is significant in the process of creating competitive advantage.

Question 8

Define the terms:

• Outsourcing
• Backshoring.

Question 9

Distinguish between just-in-time and just-in-case as stock management systems.

Question 10

Explain why multi-skilled employees are vital for the success of a just-in-time management system.