Operations Management Test 1 Flashcards
WhT is an operation
A group of resources performing all or part of one or more processes
What is a process
A group of activities that takes one or more inputs transforms them and creates outputs.
What is supply chain management
The synchronization of a firms processes with those of it suppliers and customers to match flow of materials services and information with customer demand.
What’s the difference between service and manufacturing processes?
Nature of output and degree of customer contact
What are competitive priorities
The critical operational dimensions a process or supply chain must possess to satisfy both internal and external customers
Competitive capability is
The cost quality time and flexibility dimensions that a process or supply chain actually processes and is able to deliver
Name the 4 parts to customer relationships
Top quality
Consistent quality
Delivery speed
Variety
Name the 4 competitive priorities
Customer relationships
New service development
Order fulfillment
Supplier relationship
What 5 developments have stimulated the need for sound global strategies
Improved transportation and communication technology
Loosened regulations of financial institutions
Increased demand for imported services and goods
Reduced trade barriers
Cost advantages
Describe a manufacturing process
Physical output
Low customer contact
Quality easily measured
Capital intensive
Service process
Intangible output
High customer contact
Quality not easily measured
Labor intensive
Nested process
Process within a process
Operations strategy
The way operations implement the firms corporate strategy and build a customer driven firm
What 4 things must be considered when developing a corporate strategy
Watching and converting to changes in the business environment
Developing the firms core competences
Developing the core processes
Developing the firms global strategy
3 major business functions
Finance
Marketing
Operations
Describe strategic decisions
Long term
Broad
Describe tactical decisions
Short term
Focus on day to day issues
Name the 4 competitive priorities
Cost
Quality
Time
Flexibility