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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According to the Operation Managers textbook‚ “Operations managers have the difficult task of ensuring that goods and services are created and delivered successfully to customers.” (Collier &Evans‚ 2000). When done on a global scale‚ operation managers encounter many obstacles when overseeing the supply chain. Building relationships with different suppliers is important. Globally‚ this can prove difficult because of cultural barriers. Operations managers also have to take into consideration international
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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 Operations Management Let’s face it‚ we all face tough challenges. Competitive pressures continue unabated. Prices are too low‚ and the costs are too high. Companies strive to reduce costs. Some look to improve technology. Some reduce headcount. Too few have become operationally excellent. Going through the activity‚ as a business administration student‚ have you ever thought about your future as part of a prestigious company? Will you apply the things that you’ve learned throughout
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Hospitals are vital segment in health care and are under constant pressure to deliver high quality care and be cost effective. Strategic planning involves participation of many stakeholders with the goal of trying to meet or exceed expectations of the stated objective. The planning process involves three elements: preparing and a strategy‚ carry out the strategy‚ and the control and assessment phase. The purpose of the evaluation stage is to calculate the difference between anticipated expectations
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Indian Institute of Management Kozhikode Course Outline Course Title : Service Operations Management (SOM) Course Code : SM05-06 Credits : 2 Term : Quarter-II (25 March- 30 June 2013) Year : 2013-14 Faculty : Prof. S. Venkataramanaiah __________________________________________________________________________ Introduction & Objective(s): Manufacturing‚ service and agriculture are the major economic activities in any country. In India‚ manufacturing and services together constitute nearly 75% of
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❯ ● Operations management is the activity of managing the resources which are devoted to the creation and delivery of services and products. It is one of the core functions of any business‚ although it may not be called operations management in some industries. ● Operations management is concerned with managing processes. And all processes have internal customers and suppliers. But all management functions also have processes. Therefore‚ operations management has relevance for all managers. ❯
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associated with labor productivity: As we can see the productivity from deluxe as well limited is same when in terms of units per hours however the Productivity of limited car is more when units sold and labor cost is taken under consideration which shows that for limited car more production is done through skilled labor. Question 6 Productivity for company |Productivity |2007 |2008
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ABSTRACT This paper defines the four functions of management and the operations management theory. It then provides an analysis of how the functions of management the operations management. THE FOUR FUNCTIONS OF MANAGEMENT Planning: It is an act of formulating a program for a definitive course of action. The management defines a goal and puts forward its strategies to accomplish the objectives defined. Organizing: To divide the work force into specific groups and giving each group a specific
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Introduction Pijush Kumer Ghosh (EX020016) Operations Management Decisions Ashfaq ²Us Saleheen (EX020012) Quality Management & Supply Chain Management Md. Mofizul Islam (Ex020015) Location Design‚ Layout Design‚ Scheduling &Inventory Management Md. Firoz Uddin (EX020016) Term used to describe all the activities managers do to help their firms create goods and service Converting resources into goods and services Product creation‚ development‚ production‚ distribution‚
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