Operations Management is concerned with creating efficient resources for the overall planning‚ scheduling and control of activities that are involved in making finished goods and services. "Operations management focuses on carefully managing the processes to produce and distribute products and services" (McNamara‚ 1999). What is ethics? According to the Merriam-Webster Dictionary‚ it is "a set of moral principles and values." It is a discipline one must deal with when determining what is right
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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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Best Practices Dell - Dell Chemicals Management Program Dell‚ one of the major computer makers in the world‚ has responded proactively and systematically to both increasing global legislative on the use and management of hazardous substances and increasing consumer awareness. Dell’s Chemicals Management Program not only complies with upcoming as well as existing legal requirements but also meets key stakeholders requirements‚ which often turn out to be tougher than the legal standards. Dell’s
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1. Why is operations management a more encompassing term than production management? A. Operations management is concerned with multiple products and services B. Operations management refers to service as well as manufacturing organizations C. Operations management is broader including the financing and marketing functions D. Operations management makes use of the tools of quantitative analysis and computer systems 2. Which of the following functions is responsible for the actual movement
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Definitions in Operations Management OPERATIONS: Any activity that transforms and adds value to an input stream. The input stream can be a physical entities‚ services‚ or flows. The valued added transformation produces products or services that are designed to meet a customer demand. Operations range from processing loan applications to production of computers‚ to designing buildings. FLOW SHOP: An operation that produces products at volume in a continuous flow or by a well-defined‚ connected
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21) What is the best strategy for designing a PowerPoint presentation for the first time for your organization? A. Ask around to see if there is a standard template for the organization. B. Choose the template that you used for the class that you did the best in at college. C. Use the Blank Presentation template just to be safe. D. Use the Microsoft.com 5-star rating to find the most well-liked template. 22) When creating a presentation‚ it is most important to consider
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Operations Management Definition Introduction In today ’s fast-paced ever-changing business world‚ organizations must deal with many diverse issues. These issues range from maintaining their competitive edge in a fierce marketplace to social‚ ethical and concerns regarding the health and well being of their employees. The advent of new technologies has created organizational efficiencies however; it is a well-known fact that healthcare has lagged behind other industries with regard to
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How to solve the problem of bus bunching This story was first published in The Straits Times on March 22‚ 2013 By Alexander Erath For The Straits Times THE recent announcements by the Ministry of Transport bode well for the public transport system in Singapore - especially for bus services. Adding more bus lanes and enlarging bus bays will go a long way in improving service reliability. More importantly‚ the new bus quality incentive framework will spur the operators to run their buses
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Q1: A manufacturer’s average work-in-process inventory for a certain part is 1‚000 units. The workstation produces this part at the rate of 200 units per day. What is the average time a unit spends at this workstation? Inventory‚ ‚ Throughput‚ . Thus‚ Flow time‚ . A unit spends an average time of 5 days at this workstation. Q2: The Wilcox Student Health Center has just implemented a new computer system and service process to “improve efficiency.” As pharmacy manager‚ you are concerned
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July 28‚ 2012 A Business Problem: A real-world business that I had to make: A business decision that I had to make was when I was 17‚ and I was working at a restaurant as the head cashier. One day the manager of the restaurant called me into his office and told me that when I ring up the customer’s meal ticket he wanted me to charge them 10% more or their meal ticket. For example‚ if their meal came to $21‚ he wanted me to charge them $21 plus an addition 10%. I told management that I didn’t think
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