Quality and Operations Management Flashcards
What are the 4Vs?
The 4Vs are Volume, Variety, Variation (in demand) and Visibility
What are the five performance objectives of OM and what are their purpose?
The five performance objectives are cost (being productive), quality (being right), speed (being fast), dependability (being on time) and flexibility (being able to change)
What are the four sections of principles in OM?
Foundation principles, design principles, measurement principles and improvement principles
What are the 4D:s of OM?
Direct, Design, Develop and Deliver
What is the triple bottom line?
Social, Environmental and Economic sustainability
What are the 5 different manufacturing processes?
Project, Job shop, Batch production, Line production and Continuous processing
What are the 4 different service processes?
Professional services, Service shop, Service factory and Mass service
What are the three areas for sustainable Operations Management according to Kleindorfer?
- Green product and process development
- Lean and green operations
- Remanufacturing and closed-loop supply chains
What are the 4 types of R&D projects?
- Research or advanced development projects
- Breakthrough development projects
- Platforms or generational development projects
- Derivate development projects
What are the three most important aspects of project portfolio management?
- Having a strong link to strategy
- Maximizing the value of the portfolio
- Achieving a balanced portfolio
Give three examples of tools that can be used in project portfolio managemement
- Scoring models
- Strategic buckets
- Bubble diagrams
What two processes are needed to ensure a good portfolio?
- Formal selection process
- A review process
What are the six common pitfalls of product development?
- The moving target
- Mismatch between functions
- Lack of product distinctiveness
- Unexpected technical problems
- Problem-solving delays
- Unresolved policy issues
What are the four parts of IHIP?
Intangibility, Heterogeneity, Inseparability and Perishability
What are the three different configuration frameworks for value creation?
Value chain, value shop and value network
What are the 4 most common drivers of servitization?
- Loyalty (“lock-in”)
- Competition
- Access to opportunities in “use phase”
- Capitalizing on product knowledge
What are the three value creating spheres according to Grönroos?
- Provider sphere
- Joint sphere
- Customer sphere
What are some of the problems that manufacturing firms face when transitioning to service business?
- Limited service department
- No own business unit with results to live up to
- No formalised service development
- No focus on service sales (product oriented)
- Service offers are often limited and traditional
- Services seen as cannibalising on products
What are the 8 dimensions of quality for a service?
- Reliability
- Assurance
- Access
- Communication
- Responsiveness
- Courtesy
- Empathy
- Tangibles
What are the 8 dimensions of quality for a product?
- Reliability
- Performance
- Serviceability
- Environmental kindness
- Aesthetics
- Faultless
- Safety
- Durability
In SERVQUAL, what are the five dimensions of quality?
- Reliability
- Assurance
- Tangibles
- Empathy
- Responsiveness