2 2 Operation Mangement
1. Why study operations management?
All businesses want to hire bright people who can make the best decisions for the business as a whole, not the best marketing, finance, or operations decisions. They want employees who can see the big picture of how these functional areas interact.
2- What is the difference between the terms “production management” and “operations management”?
Operations management is a broader term than production management, encompassing service organizations as well as manufacturing. Operations management is also a more recent term replacing the earlier term production management.
3- What is the difference between operations management and supply chain management?
The difference is operations management focuses on decisions to manage the transformation process that converts inputs into desired finished goods or services.
Supply chain management relates to the network of manufacturing and service operations that supply each other from raw materials through manufacturing to the ultimate customer.
4- What are the key decisions made by purchasing and logistics managers?
It relate to the purchasing function which sources inputs into the transformation process of the organization from other for-profit and nonprofit organizations. This might include finding the best suppliers, as well on ongoing purchasing of inputs from those suppliers.
5- How does the work of an operations manager differ from the work of a marketing manager or a finance manager? How are these functions similar?
A marketing manager identifies demand for goods or services and develops the market. The finance manager acquires and allocates the capital resources for the other functions.
Similarities in the three functions include managerial decision making and shared organizational goals.
6- How is the operations management function related to activities in human resources, information systems, and accounting?
Operations, marketing, and finance are primary
All businesses want to hire bright people who can make the best decisions for the business as a whole, not the best marketing, finance, or operations decisions. They want employees who can see the big picture of how these functional areas interact.
2- What is the difference between the terms “production management” and “operations management”?
Operations management is a broader term than production management, encompassing service organizations as well as manufacturing. Operations management is also a more recent term replacing the earlier term production management.
3- What is the difference between operations management and supply chain management?
The difference is operations management focuses on decisions to manage the transformation process that converts inputs into desired finished goods or services.
Supply chain management relates to the network of manufacturing and service operations that supply each other from raw materials through manufacturing to the ultimate customer.
4- What are the key decisions made by purchasing and logistics managers?
It relate to the purchasing function which sources inputs into the transformation process of the organization from other for-profit and nonprofit organizations. This might include finding the best suppliers, as well on ongoing purchasing of inputs from those suppliers.
5- How does the work of an operations manager differ from the work of a marketing manager or a finance manager? How are these functions similar?
A marketing manager identifies demand for goods or services and develops the market. The finance manager acquires and allocates the capital resources for the other functions.
Similarities in the three functions include managerial decision making and shared organizational goals.
6- How is the operations management function related to activities in human resources, information systems, and accounting?
Operations, marketing, and finance are primary