3 Pages Posted: 16 Jan 2018
This technical note covers the fundamental issues that deal with production systems. This includes providing a definition of a production system, explaining how production systems work, and reviewing a few examples of production systems. The note also provides definitions and examples of efficiency, productivity, and effectiveness.
Dec. 7, 2017
What Is Operations Management?
In this note, we are going to outline some basic concepts in operations management. This includes defining exactly what operations management is all about, explaining the key components of operations management, and understanding the types of decisions that are typically taken in operations management settings.
Operations Management: Definition
Operations management is the design, management, and improvement of the systems that create and deliver products and services to customers. Why is operations management important? Operations is a core function in almost every organization, whether manufacturing or service oriented, profit or nonprofit. In addition, operations management provides a systematic way of looking at any organization. The decisions taken by operations managers, or general managers, with respect to operations interact with every other functional area of the organization from finance, to marketing, to strategy.
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Keywords: production system, transformations, operations processes, efficiency, productivity, effectiveness, video
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