4.1_Mid-Term_ CH 1 & 2_Operations_Questions_F19 - ETI 2673 Industrial Management 4.1 Mid-Term Part 1 Operations Fall 2019 Name MID-TERM Chapter

4.1_Mid-Term_ CH 1 & 2_Operations_Questions_F19 - ETI...

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ETI 2673 Industrial Management 4.1 Mid-Term Part 1 - Operations Fall 2019 Name_________________________ MID-TERM Chapter 1 Operations Management Defined 1.What are some characteristics of operations management that make it a core business function?2.What is the difference between productivity and efficiency?3.Explain the consequences of not carrying inventory?4.What is the purpose of the production - or aggregate- plan?5.Explain how each inventory management system determines its order timing and its

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