Production and Operation Management Cheng Guoping Chapter 1 Introduction 1. Production System 2. Production and operations in the organization 3. Function and jobs of POM 4. Decision Making in POM 5. The emergence of production and operation management 1. Production System Production and operation management (POM) is the management of an organization ’s production system‚ which converts input into the organization ’s products and services. 1.1 Production system model Inputs
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The Columbian Exchange The Columbian exchange created an enormous interchange of various political ideas‚ cultures‚ foods‚ diseases‚ animals‚ and people between the old world and the new world‚ this give and take relationship caused many changes some positive and some negative between the two areas and help redistribute resources between the two hemispheres. There were many positive things that happened as a result of the Columbian exchange. Potatoes and corn became major food sources for Europeans
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Imagine everything you know about America today. Think of the foods‚ the animals‚ the annoying sickness we all get come wintertime - and then imagine knowing that most of those things were not supposed to be on this land. Because of The Columbian Exchange‚ America and Europe were able to transfer good‚ and bad‚ commonalities amongst each other‚ and the end result was both unifying‚ and catastrophic. Most people would be surprised to learn that the “classic American hamburger” is not exactly‚ “American
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Scope of Production Management‚ Functions of Production Management‚ Production Systems‚ responsibilities of Production manager. Production Planning & Control (PPC)‚ Objectives of PPC. PM – Introduction Production Management (PM) is about the transformation of production and operational inputs into "outputs" that‚ when distributed‚ meet the needs of customers. The Subject of Production Management is studied under different Headings-such as Production Planning and control‚ Production and Inventory
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During World War Two when sugar was rationed three times as much popcorn was ate (Hartman). When the T.V. took off sales dropped. Consumption in popcorn rose when the T.V. got popular. 19-20 century popcorn was available at theaters‚ parks‚ and street vendors. Popcorn is a type of maize (Boyd). Unlike other maize‚ popcorn pops when heated or dry. The kind of maize most people pop is Zea
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live up to these standards (Pierce). This change has enabled Americans to own more material possessions and has also caused them to want even more. It is this concept of "wanting" that is leading to the growing problem of over consumption in America. People are contributing to the problem by eating more and buying more and more "non-essentials" such as TVs‚ computers‚ and cars. People find themselves wanting more and more material things in order to become happy‚ when in actuality it may be having
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Foreign trade financing is an integral part of banking business. Documentary Credit (also called letters of credit or “L/Cs”) is the key player in the foreign exchange business. With the globalization of economies international trade has become quite competitive. Timely payment for exports and quicker delivery of goods is‚ therefore‚ a pre-requisite for successful international trade operations. Growing complexity of international trade‚ separation of commercial parties across the globe and operating
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Descartes notion of the mind/body problem in relation to Free Will Descartes took an extreme skeptical position by asking‚ “What is impossible to doubt‚ even when trying to believe that everything is false?” His answer was: "I think‚ therefore I am"; which is Descartes ’ most famous one-liner and is the one that explains his understanding of the dualism argument. The term ‘dualism’ has a variety of uses in the history of thought. In general‚ the idea is that‚ for some particular domain‚ there are
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SUPPLY - DETERMINANTS OF DEMAND DETERMINANTS OF SUPPLY - DEMAND SCHEDULE SUPPLY SCHEDULE - DEMAND CURVE SUPPLY CURVE The Law of Demand And Supply is one of most important laws in economics. It give us a closer look at the system of exchange in the circular flow. There is exchange taking place because of this law. In the Philippines the law assumes greater importance since our economicsystem prodiminantly market in nature and therefore operates strongly under the forces of
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nature C) smart D) quantitative E) none of the above 5. A ’product package’ consists of: A) the exterior wrapping B) the shipping container C) a combination of goods and services D) goods if a manufacturing organization E) customer relations if a service organization 6. Multinational organizations can shop from country to country and cut costs through A) lower wage scales B) lower indirect costs C) less stringent regulations D) lower taxes and tariffs E) all of the above 7
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