OM 300 - Test 1 - University of Alabama
(questions and answers)
the ||set ||of ||activities ||that ||create ||value ||in ||the ||form ||of ||goods ||and ||services ||by ||transforming
||inputs ||into ||outputs. ||it ||is ||business ||functions ||responsible ||for ||planning, ||coordinating, ||and ||
controlling ||the ||resources ||needed ||to ||produce ||a ||company's ||products ||and ||services. ||It ||is ||
applicable ||to ||all ||firms, ||whether ||manufacturing ||or ||service ||- ||ANS ||-What ||is ||operations ||
management?
Marketing
Production ||or ||operations
finance ||or ||accounting ||- ||ANS ||-OM ||3 ||essential ||functions
Planning
organizing ||
staffing
leading
controlling ||- ||ANS ||-OM ||5 ||basic ||management ||functions
1 ||- ||Design ||of ||goods ||and ||services
2 ||- ||managing ||quality, ||process ||and ||capacity ||design
3 ||- ||location ||strategy
4 ||- ||layout ||strategy
5 ||- ||Human ||Resources ||and ||job ||design
, 6 ||- ||supply-chain ||management
7 ||- ||inventory ||management ||
8 ||- ||scheduling ||
9 ||- ||maintenance ||- ||ANS ||-10 ||Strategic ||OM ||decisions
Unites ||produced/input ||used ||- ||ANS ||-productivity
labor ||
capital
management ||- ||ANS ||-3 ||factors ||critical ||to ||achieve ||improves ||productivity
contributes ||to ||about ||10% ||of ||the ||annual ||increase ||- ||ANS ||-Labor
contributes ||about ||38% ||of ||the ||annual ||increase ||- ||ANS ||-Capital
contributes ||about ||52% ||of ||the ||annual ||increase ||- ||ANS ||-Management
1) ||reduce ||costs ||(labor, ||taxes, ||tariffs, ||etc.)
2) ||improve ||supply ||chain
3) ||provide ||better ||goods ||and ||services
4) ||understand ||markets
5) ||learn ||to ||improve ||operations
6) ||attract ||and ||retain ||global ||talent ||- ||ANS ||-Reasons ||to ||globalize
tell ||an ||organization ||where ||it ||is ||going ||- ||ANS ||-What ||is ||a ||mission ||statement
(questions and answers)
the ||set ||of ||activities ||that ||create ||value ||in ||the ||form ||of ||goods ||and ||services ||by ||transforming
||inputs ||into ||outputs. ||it ||is ||business ||functions ||responsible ||for ||planning, ||coordinating, ||and ||
controlling ||the ||resources ||needed ||to ||produce ||a ||company's ||products ||and ||services. ||It ||is ||
applicable ||to ||all ||firms, ||whether ||manufacturing ||or ||service ||- ||ANS ||-What ||is ||operations ||
management?
Marketing
Production ||or ||operations
finance ||or ||accounting ||- ||ANS ||-OM ||3 ||essential ||functions
Planning
organizing ||
staffing
leading
controlling ||- ||ANS ||-OM ||5 ||basic ||management ||functions
1 ||- ||Design ||of ||goods ||and ||services
2 ||- ||managing ||quality, ||process ||and ||capacity ||design
3 ||- ||location ||strategy
4 ||- ||layout ||strategy
5 ||- ||Human ||Resources ||and ||job ||design
, 6 ||- ||supply-chain ||management
7 ||- ||inventory ||management ||
8 ||- ||scheduling ||
9 ||- ||maintenance ||- ||ANS ||-10 ||Strategic ||OM ||decisions
Unites ||produced/input ||used ||- ||ANS ||-productivity
labor ||
capital
management ||- ||ANS ||-3 ||factors ||critical ||to ||achieve ||improves ||productivity
contributes ||to ||about ||10% ||of ||the ||annual ||increase ||- ||ANS ||-Labor
contributes ||about ||38% ||of ||the ||annual ||increase ||- ||ANS ||-Capital
contributes ||about ||52% ||of ||the ||annual ||increase ||- ||ANS ||-Management
1) ||reduce ||costs ||(labor, ||taxes, ||tariffs, ||etc.)
2) ||improve ||supply ||chain
3) ||provide ||better ||goods ||and ||services
4) ||understand ||markets
5) ||learn ||to ||improve ||operations
6) ||attract ||and ||retain ||global ||talent ||- ||ANS ||-Reasons ||to ||globalize
tell ||an ||organization ||where ||it ||is ||going ||- ||ANS ||-What ||is ||a ||mission ||statement
