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Summary Unit 5: Operations Management (HL&SL)

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These IB Business Management notes for unit 5: operations management cover every syllabus point in detail and contain all definitions from the textbook. Covers both SL and HL specifications. Organised, typed and easy to understand.

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5.1 The role of operatoon maoagemeot

Operatoon maoagemeot aod ittn relatoonhitp witth other bunitoenn fuoctoon

 Efficiency oductcoun eeeoinc custs sts sts wu: sts oustsstsiewe :iww ewo u ciie cusoeooie
ci n ce
 Qt wi y e cuuc nc stsediice ststs ee ststi ewe fud e otdoustse in encec
 Fwexieiwi y nc innui oun e neec u ceiewuo nc c o u ne: oducestsstsests nc ne:
oductc sts ists incde stsincwy isoud n in uc y'sts cyn sic etstsinestssts eniidunsen
 Neec u enststde e ooduodi e qt no y uf e cuuc ud stsediice ists s ce i iw ewe stsu
e s deeonc ceo d sen c n ststccestsstsftwwy stseww i odui ewy
 Neec u :ude cwustsewy :i e ts n destsutdcests ceo d sen stsu ooduodi e ntseedsts uf
ststi ewy qt wiiec :udeedsts de esowuyec
 Ooed ounsts cecistsiunsts ststc sts exo ncinc c o ci y uten deqtide ftncinc - fdeqten wi istsun
:i e in nce ceo d sen ists estsstseno w

Operatoon maoagemeot ito orgaoitnatoon producitog goodn aodoor nervitcen

 T e is ists u cc i wte u e inot sts de eutc in ey e etstsinestssts stsu e deststwonc
ut ot c n ee stsuwc odui
 Decdee uf i wte ccec :iww ceoenc un ntseed uf f c udsts
o Destsicn uf oductc ud e n tde uf e stsediice. Pductc sts neec u ooe d u ie ic
qt wi y u ie ic ed odice c dcec. Suse ctsts usedsts de odeo dec u o y ic ed
odicests fud eeted qt wi y oductc sts
o T e efficiency :i : ic e inot destsutdcests de cuseinec nc s n cec. E.c. ey
dectcinc : sts e e uoed ounsts s n cesen ceo d sen :iww incde stse e i wte ccec
ey e oductcoun oducestssts. Incde stsinc oductcoii y dectcests custs sts oed tni incde stsinc
ccec i wte if odicests cun' c nce
o Beinc ewe u cuniince cunststsedsts u o y sude fud e cuuc ud stsediice n e custs
uf e inot sts.
 Ooed ounsts oducestssts c n iniuwie s ny sts cests eefude o ystsic wwy stsewwinc e cuuc ud stsediice
incwtcinc
o Cuniedonc cunststsed neec in u oductc c n ee oductcec efficien wy
o Odc nistsinc uoed ounsts stsu oductcoun ists c ddiec ut efficien wy
o Decicinc un ststi ewe oductcoun se ucsts
o Settinc qt wi y sts nc dcsts nc c eceinc ey de s in inec

Restsutdcests
 L nc ww etstsinestsstsests neec stsuse: ede u uoed e fdus. Suse etstsinestsstsests deqtide w dce stsi ests
fud e ex d coun uf sined wsts ud e s ntf c tde uf inists ec oductc sts
 L eutd ww etstsinestssts coii y deqtidests stsuse w eutd inot ei ed s nt w w eutd ud sen w.
Qt wi y uf w eutd sts stsicniic n iso c un e uoed oun w ststccestssts uf etstsinestssts. T e
effecoienestssts uf w eutd c n tstst wwy ee isoduiec ey d ininc
 C oi w defedsts u e uuwsts s c inedy cusot edsts nc u ed eqtiosen etstsinestsstsests tstse
u oductce e cuucsts nc stsediicests ey stseww. C n wstsu se n e sutn e u:nedsts uf
etstsinestssts iniests u stse i to. T e sude oductcoie nc ci ncec e c oi w e cde ed e
c nce uf etstsinestssts ststccestssts.

Connected book
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Publisher: maart 2015 ISBN: 9781107464377 Edition: 2

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