ANSWERS
Why study operations management? - ANS Provide a common language
Develop a structured approach
Provide "tools" with industry acceptance
Develop "best practices"
Know the "correct" rules for the game
4 major decision areas - ANS Process, Quality, Capacity, Inventory
Process - ANS HOW SHOULD WE PRODUCE?
includes: Work flow, material flow, service flow, data flow
Capacity - ANS HOW MUCH OUTPUT DO WE NEED, AT VARIOUS TIMES?
includes: Facilities, Right resources, right time, right place
Quality - ANS HOW DO WE MEET QUALITY STANDARDS AND ENSURE A GOOD CUSTOMER
EXPERIENCE?
includes: Goods, servies, market results
Inventory - ANS WHICH INGREDIENTS, WHEN & HOW MUCH?
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,includes: How much, what type, support sales, control costs
Concepts learned in course can be applied to : - ANS Public Policy, Public Service, Education,
and more
operations management and business - ANS Major function in every organization
Requires a cross-functional perspective
Principals and tools can be applied: across the organization and to virtually all your endeavors,
personal and professional
Operations Management - ANS Operations function of an organization is responsible for
producting and delivering goods or services of value to customers of the organization
Operation managers - ANS Make decisions to manage the transformation process that
converts inputs into desired finished goods or services
Functional Areas in Orgs. - ANS Operations, Marketing, Finance
Supply chain - ANS -Network of manufacturing and service operations that supply one
another
-From raw materials through production to the end consumer
-Flows of materials, money, and information
-links operations across organizations
SIPOC - ANS An industry accepeted tool, stands for: suppliers, inputs, process, outputs, and
customers
Suppliers - ANS The provider(s) of the goods or services
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, Inputs - ANS The required resources
Outputs - ANS The goods or services from the transformation process
Customers - ANS The recepient of the output
Advantages of SIPOC - ANS Provides high level visualization to facilitate communication, used
ot identify key element of the project, Helps a team & its sponsor agree on project boundaries
& scope
Business Environment - ANS The overall market, the company's postion, distinctive
competence
distinctive competence - ANS Patents, Trade Secrets, superior processes
Business strategy - ANS operations managment needs to align with ________
Operations Strategy - ANS A consistant pattern of decisions for opertions and the associated
supply chain that are liked to the business strategy and other functional strategies, leading to
the competitive advantage for the firm
Operations strategy Process - ANS Mission
Objectives (cost, quality, flexibility, delivery) Decisions (process, quality system, capacity, and
inventory)
Distinctive competence
sustainability - ANS minimizing or eliminating environmental impact of operations
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