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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SHEET ON THE JOB TRAINING NARRATIVE REPORT TITLE : HANDS ON EXPERIENCE AT LA CARMELA de BORACAY RESORT HOTEL NAME : KIRK ANTHONY R. RETORIANO DEGREE : BACHELOR OF SCIENCE IN HOME TECHNOLOGY MAJOR : HOME MANAGEMENT IN FOOD AND NUTRITION OJT REPORT NO. : Accepted Date HERMELINA M. SALADAR Chairman ‚ Advisory Committee NENETTE SANTIAGO Member ‚ Advisory Committee YUHUM RUIZ Member ‚ Advisory Committee Recommending
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Introduction Enhance the customer services has been widely discussed and a wealth of concepts is at hand . Customer service is an integral part of our job and should not be seen as an extension of it . “Excellent customer service is the process by which your organization delivers its services or products in a way that allows the customer to access them in the most efficient ‚ fair ‚ cost effective and humanly satisfying and pleasurable manner possible .” (Vermeulen 2003) A company’s the most important
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your answers short‚ max one paragraph per question. 1. What is Operation‚ what is Supply Chain; relate this to a product or service and provide some examples? Operations is the manufacturing and service processes that are used to transform the resources employed by a firm into products/services desired by the customer. Manufacturing takes raw resources and produces a physical product such as car or furniture where as a service produces an intangible product such as a call center or a hospital
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96. Operations Management 10e William J. Stevenson Solutions manual 96. Operations Management 10e William J. Stevenson Solutions manual Source: http://newsgroups.derkeiler.com/Archive/Sci/sci.engr/2009−05/msg00015.html • From: "solutionsservice@xxxxxxxxxxx" • Date: Mon‚ 25 May 2009 09:43:56 −0700 (PDT) solutions manual and Test Bank contact with ‚ solutionsservice (at) hotmail.com (my email address‚solutionsservice@xxxxxxxxxxx )‚ these are parts of our solutions‚ if the solution you
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Over the past several years‚ increasingly‚ there has been a trend within business and manufacturing community to associate JIT with Lean operations. According to “Reference for Business” Lean methodology is Westernized version of Japanese Just-In-Time system‚ where both of these systems share mostly the same characteristics and goals‚ and often used interchangeably. Whereas there are similarities between these two methodologies‚ there are also principal differences between them. It should be noted
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businesses‚ whether service‚ manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚ most of the costs incurred by
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Cost leadership Strategy Strategy used by businesses to create a low cost of operation within their niche. The use of this strategy is primarily to gain an advantage over competitors by reducing operation costs below that of others in the same industry. For example‚ The Swedish furniture retailer Ikea revolutionized the furniture industry by offering cheap but stylish furniture. Ikea is able to keep its prices low by sourcing its products in low-wage countries and by offering a very basic level
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Overview Welcome to the study of cost accounting. This introductory chapter explains the intertwining roles of managers and management accountants in choosing an organization’s strategy‚ and in planning and controlling its operations. Unlike the remainder of the textbook‚ this chapter has no “number crunching.” Its main purpose is to emphasize the management accountant’s role in providing information for managers. Review Points organization. Cost accounting provides information
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FOREWORD M.V. VALE LIWA belongs to OMAN SHIP MANAGEMENT COMPANY bulk carrier fleet. The employment for VALE LIWA is the long term charter to VALE INTERNATIONAL. Vessel is a VLOC (4‚ 00‚000DWT) gearless bulk carrier with seven cargo holds to carry iron ore fines grade PPFT. PREPARATION OF HOLDS Prior to hold cleaning‚ it must be understood that there is a need for a complete discharge of cargo‚ especially that the vessel is gearless. Otherwise‚ difficulties will be presented of sweepings
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