P370 |87 Study Guide Questions With Complete Solutions
operations management - ️️-Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic - ️️-long-term horizon -type of OM decision that often involve acquiring new resources -example is buying a electric utility Tactical - ️️-medium-range decisions -type of OM decision typically for the utilization of existing resources -example is an assembly plant Operational - ️️-short term and narrowly focused decisions -type of OM decision usually involving the execution of schedules or control activities -example is shift scheduling at a hospital transformation systems - ️️using resources to transform inputs into some desired output Physical transformation - ️️type of transformation that involves manufacturing ex: oil refinery
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