salvation but also for gaining the ordinary things they need in life. Religion of the vast majority of Indian people. Buddhism Origin Began is northeastern India 2‚500 years old About suffering and the need to get rid of it Founder of Buddhism Siddhartha Gautama Was called Buddha Lived in the 4th or 5th century B.C. in India Path of enlightenment Also known as “the awakened one” Siddhartha Gautama Born around 520 B.C. Born into a royal family Lived with in palace walls away
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An operations strategy focuses on specific capabilities of the operation that give the company a competitive edge. Factors used in developing an operations strategy includes: Cost Competition is used when a company uses cost as a strategy by offering a product at a low price relative to the prices of competing products. Take for example: Wal-Mart‚ this company is cost competitive often outsourcing their labor to impoverished countries that are willing and able to make any product for mere pennies
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OPERATIONS STRATEGY PRODUCTIVITY‚ COMPETITIVENESS‚ STRATEGY Productivity is about how effective an organization is in the use of its resources. Competitiveness is how effective an organization is in the marketplace compared with other organizations that offer similar products/services. Strategy shapes the plans that determine the direction an organization takes in pursuing its goals. (US companies‚ suffering from impressive success of foreign companies on the US marketplace place increased
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Question: 1. Briefly describe the term operations management? Answer: Operations Management is management of system or processes that create goods or provide service. The term operations management includes interrelated activities such as forecasting‚ capacity planning‚ scheduling‚ managing inventories‚ assuring quality‚ motivating employees‚ and deciding where to locate facilities and more. 2. Identify the three major functional areas of business organization and briefly describe how they
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ust-In-Time (JIT) is a very simple idea but one that is essential in modern supply chain management. JIT sets out to cut costs by reducing the amount of goods and materials a firm holds in stock. JIT involves: producing and delivering finished goods ‘just in time’ to be sold partly finished goods ‘just in time’ to be assembled into finished goods parts ‘just in time’ to go into partly finished goods materials ‘just in time’ to be made into parts. The principle that underpins JIT is that production
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Whitney Discussion Questions 1. Why should one study operation management? Answer: If your major field is not operations management‚ you may be wondering why you need to study operations management. Actually‚ there are compelling reasons for studying operations management. One is that 50 percent or more of all jobs are in operations management or related fields. Also‚ recall the image of a business organization as a car‚ with operations as its engine. In order for that car to function properly
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The Encyclopedia of Operations Management Terms by Professor Arthur V. Hill Curtis L. Carlson School of Management 321-19th Avenue South University of Minnesota Minneapolis‚ MN 55455-0413 USA ahill@umn.edu Revised July 20‚ 2003 P O M S Production Operations Management Society The electronic version of this encyclopedia is distributed free of charge by the Production Operations Management Society (POMS) under the conditions that (1) you send corrections and additions to ahill@umn.edu
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Introduction If any operation wants to understand its strategic contribution it must answer two questions. First‚ what part is it expected to play within the business - that is‚ its role in the business? Second‚ what are its specific performance objectives? Both these issues are vital to any operation. Without an appreciation of its role within the business‚ the people who manage the operation can never be sure that they really are contributing to the long-term success of the business. At a more practical
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Journal of Operations Management 20 (2002) 419–433 Effective case research in operations management: a process perspective I. Stuart∗ ‚ D. McCutcheon‚ R. Handfield‚ R. McLachlin‚ D. Samson Faculty of Business‚ University of Victoria‚ P.O. Box 1700‚ Victoria‚ BC‚ Canada V8W 2Y2 Received 8 August 2001; received in revised form 26 October 2001; accepted 11 March 2002 Abstract Despite many calls for case-based operations management research‚ the successful publication rate of such articles
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India Matt Tribble The University of South Dakota Abstract India is a low-to middle-income country that suffers from nutritional deficits and malnourishment throughout their country. The key issues that burden women’s health includes Anemia‚ which is low levels of hemoglobin in the blood‚ violence due to a male dominated society‚ and the maternal mortality rate. Tuberculosis is a continuous concern relevant to all genders and ages in India. India has taken excessive measures in producing the
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