CHAPTER 10 Flashcards
designed mainly to produce products or services
ORGANIZATIONS
refers to “any process that accepts inputs and uses resources to change those inputs in useful ways”
OPERATION
INPUTS
land
labor
capital
entrepreneurship
converts the inputs into final goods or services
TRANSFORMATION PROCESS
EXAMPLES OF FINAL GOODS AND SERVICES
- industrial chemicals
- services
- electrical products
- electronic products
- mechanical devices
INDUSTRIAL CHEMICALS
methylene chloride
borax powder
phosphoric acid
which are produced by chemical manufacturing firms
INDUSTRIAL CHEMICALS
those for the construction of ports, high-rise buildings, roads, bridges, etc.
SERVICES
ELECTRICAL PRODUCTS
transformers, circuit breakers, switch gears, power capacitor, etc.
which are produced by electrical manufacturing firms
ELECTRICAL PRODUCTS
ELECTRONIC PRODUCTS
oscilloscope, microwave test system, transistors, cable testers, etc
which are produced by electronics manufacturing firms
ELECTRONIC PRODUCTS
MECHANICAL DEVICES
forklifts, trucks, loaders, etc.
which are produced by manufacturing firms
MECHANICAL DEVICES
PRODUCTION PROCESS
inputs
transformation process
outputs
INPUTS
land
labor
capital
entrepreneurship
transformation process
equipment
procedures
technology
OUTPUTS
products
services
those for construction management and supervision, project management services, etc. which are produced by engineering consultancy firms
ENGINEEERING CONSULTANCY SERVICES
is an activity that needs to be managed by competent persons
OPERATIONS
” the process of planning, organizing, and controlling operations to reach objectives efficiently and effectively “
OPERATION MANAGEMENT
is related to “ the cost of doing something or the resource utilization evolved”
EFFICIENCY
refers to goal accomplishment
EFFECTIVENESS
when one is able to reach his objectives
EFFECTIVENESS