Production & Operations Management What is operation management? What is the role of the Operation Manager? Set of activities that create value in the form of goods and services by transforming inputs into outputs. The role of an operation manager is to design and manage the daily operations and activities in a way that the productivity of the employees raises. It is also their responsibility to ensure that the physical and the human resources of the organization are achieved. He
Premium Management Operations management
Financial Impacts and Constraints Paper The Effect of Pharmacy on Operation Management A health care facility needs to monitor the processes and operations of its pharmacy‚ since it is the major profit producer. The pharmacy is required to maintain minimal errors‚ excellent customer service‚ and high efficiency‚ while returning significant profits. Pharmacies are considering a profit center for the hospital and have a direct effect on the hospitals bottom line. Since pharmacies
Premium Income statement Generally Accepted Accounting Principles Operations management
Introduction to OM 1. As a service business‚ the operations management activities of an airline company have nothing in common with the operations management activities within a bicycle manufacturing company. True False 2. Operations managers are responsible for managing systems that produce goods and/or provide services. True False 3. Effectiveness refers to achieving intended goals whereas efficiency refers to minimizing cost and time. True False 4. Operations‚ marketing‚ and finance
Premium Management Mass production Decision making
Question 1: Discuss how the issues above will have an impact on the six steps in the performance management process i.e. how can these issues be incorporated into the six steps of the performance management process – your response is to be supported by information provided in the case. (30 marks) The term performance management‚ may be defined as a systematic process utilized by companies or firms to enhance success by advancing the quality of performance of their staff. This involves the participation
Premium Human resource management
Ch. 16 Lean Production is an integrated set of activities designed to achieve production using minimal inventories of raw materials‚ work-in-process‚ and finished goods. Based on the JIT logic: nothing is produced until it is needed (Item arrive at the next stage of production “just in time”) JIT means producing what is needed when needed and no more; Major goal: Elimination of all wastes. Waste is defined as anything that does not add value from the customer’s perspective. E.g.‚ Waste from overproduction
Premium Manufacturing Variable cost Assembly line
When marketing‚ engineering‚ and operations simultaneously develop a process (cross -functional integration)‚ this approach is known as __________ ________________. A) sequential process B) traditional approach C) concurrent engineering D) both A and B E) none of the above Feedback: C is the correct answer. Unlike the traditional serial or sequential approach‚ concurrent engineering uses cross-functional integration for concurrent development of a product
Premium Capacity utilization New product development Time
Strategic Management Process MGT/498 October 28‚ 2014 Strategic Management Process Every company wishing to have success must have a plan‚ purpose‚ and goals. With this in mind‚ strategic management is the beginning of a successful model and gives an organization and its managers a course to follow. “Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation.” (Wheelen‚ T.L‚ & Hunger‚ J.D.‚ 2010‚ p. 5). Strategic management is important
Premium Strategic management
Operations and Supply Management: The Core Section 1 STRATEGY 1. Operations and Supply Strategy 2 . Project Management T W E N T Y- F I R ST- C E N T U RY O P E R AT I O N S A N D S U P P LY M A N AG E M E N T Managing a modern supply chain involves specialists in manufacturing‚ purchasing‚ and distribution‚ of course. However‚ today it is also vital to the work of chief financial officers‚ chief information officers‚ operations and customer service executives‚ and chief executives. Changes
Premium Management
role of operations management The operations management can be defined as the systematic processes which convert inputs in to finished goods or service by adding the value. The operations management is very important in modern days as the competitiveness among the businesses very high. Therefore most of the organizations do have a special functional unit for manage the operational activities of the organization. According to Nigel Slack‚ we can identify three different roles in operations management
Premium Management Customer service Strategic management
uses and this paper trays to explain some. The purpose of this term paper is to elaborate on the meaning of strategy and to further understand what a service operation strategy and a manufacturing strategy constitute. In order to achieve this purpose‚ the paper attempts to address some basic questions in regards strategy in general and service operations and manufacturing strategies in particular. These questions include looking into the definition of strategy and the processes involved in formulating
Premium Management Strategic management Manufacturing