Operations Management and Supply Chain Concepts.ppt

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Operations Management and Supply Chain Risk Concepts Fall, 2017 All the blue/green-highlighted and underlined phrases have very interesting videos attached for you to watch!
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The Evolution of Operations Craft Production Prior to the 1700s, products and services were handcrafted for individual customers The individual skill, integrity, and reliability of the craftsman combined with the needs and size of the community determine the success of the product or service
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Industrial Production The introduction of technologies like Thomas Newcomen’s steam pump in 1712 and Eli Whitney’s cotton gin in the mid 1700s changed the nature of production Emphasis shifts to faster and cheaper means of manufacturing
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