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.

For each example identify the most appropriate ctso

Match the steps for conducting an informational interview with the tasks in each step.

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500