Key elements of operations system

Question 1

Inputs

Answer 1

Inputs are the resources used in the process of production. Some resources are owned by the business, while others are from suppliers. There are six categories of inputs:

Question 2

Outputs

Answer 2

Essentially, outputs are the result of a business’s efforts — the final good or service that is delivered or provided to the consumer. Manufacturing businesses transform inputs into tangible products, or goods.

Question 3

Process

Answer 3

The main concept of operations management is the processes the inputs (resources) undergo to become the output (goods or services) — often referred to as the transformation process.