1. Efficiency means doing the right things to create the most value for the company.
2. Operations and supply chain management is defined as the design, operation, and improvement of the systems that create and deliver the firm's primary products and services.
3. Which of the following is a partial measure of productivity?
b. Output/(Labor + Capital + Energy)
c. Output/All resources used
e. All of the above
The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio?
e. None of the above
For question number one, the simplest definition for efficiency is normally "doing things right", where as the definition for effectiveness is "doing the fight thing." Hence, the answer for this question is false.
As it relates to question number two, the answer is true by definition.
As it relates to question 3, Total Factor Productivity is all ...
This solution provides assistance with the operations management questions given.