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Operation Management
| Question | Answer |
|---|---|
| Operations / Production | Activities in making products for customers |
| Operations/Production Management | Systemic direction and control of the processes that transforms the resources into finished products that have value and will benefit customers |
| Resources in Production | Men, Machines, Materials |
| Utility | A products ability to satisfy a human need |
| Types of Utility | Form Utility, Time Utility, Place Utility |
| Location Planning | Plan on the location of the company as it can affect labour and transportation costs |
| Layout Planning | proper layout planning will cause a company to respond more efficiently to the demand of products |
| Quality Planning | ensuring products meet the customers quality standard |
| Performance | how well the product does what it is supposed to do |
| Consistency | the sameness of product quality from one unit to another |
| Total Quality Management | activities that are focused on getting high-quality products into the marketplace |
| Supply Chain Management | looks at the chain as a whole to improve the overall workflow system |