TOPIC 1 Flashcards
(102 cards)
- Cost matters a lot
- 1776-1880
COST FOCUS
-focus on quality of products
- 1980-1995
QUALITY FOCUS
- customize products according to customer
- 1995-2005
CUSTOMIZATION FOCUS
- internationally sold in the market
- 2005-2020
GLOBALIZATION FOCUS
set of activities that creates value in the form of goods and services by transforming inputs into outputs.
OPERATIONS MANAGEMENT
- the sequence of organizations - FACILITIES, FUNCTIONS AND ACTIVITIES
SUPPLY CHAIN
physical items that include raw materials, parts, and subassemblies.
GOODS
are activities that provide some combination of time, location, form or psychological value.
SERVICES
the term used to describe the difference between the cost of inputs and the value or price of outputs
VALUE ADDED
- combination of goods and services
GOOD-SERVICE CONTINUUM
Securing financial resources at favorable prices and allocating those resources.
FINANCE
Producing the goods and delivering the services offered by the organization.
OPERATIONS
Assessing consumer wants and needs, selling and promoting the organization`s goods and services.
MARKETING
- focus is on selling and/or promoting the goods or services of an organization.
- for communicating those to operations people
MARKETING AND SALES
- will also have advance warning if new equipment or skills will be needed for new products or services
OPERATIONS
- should be included in these exchanges in order to provide information on what funds might be available (short term) and to learn what funds might be needed for new products or services
FINANCE
department must be consulted on contracts with employees, customers, suppliers, and transporters, as well as on liability and environmental issues.
LEGAL
supplies information to management on costs of labor, materials, and over- head, and may provide reports on items such as scrap, downtime, and inventories.
ACCOUNTING
concerned with providing management with the information it needs to effectively manage.
MANAGEMENT INFORMATION SYSTEM (MIS)
department is concerned with the recruitment and training of personnel, labor relations, contract negotiations, wage and salary administration,
PERSONNEL / HUMAN RESOURCES
responsible for building and maintaining a positive public image of the organization.
PUBLIC RELATIONS
Responsibilities of Operations Management
- Planning
- Controlling
- Organizing
- Staffing
- Directing
- Capacity
- Location
- Products & Services
- Make or buy
- Projects
- Scheduling
PLANNING
- Invertory
- Quality
CONTROLLING