Lecture01 (6 slides per page)

Lecture01 (6 slides per page) - BUS 105: Production and...

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BUS 105: Production and Operations Management Copyright: Mohsen ElHafsi 2010 BUS 105 BUS 105 Production and Operations Production and Operations Management Management Introduction Introduction BUS 105: Production and Operations Management 2 The management of systems or processes that create goods and/or provide services Finance Operations Marketing Organization Operations Management BUS 105: Production and Operations Management 3 Finance Operations Marketing Organization Basic Business Operations Operations function consists of all activities directly related to producing goods or providing services BUS 105: Production and Operations Management 4 Operations Finance Marketing Business Operations Overlap BUS 105: Production and Operations Management 5 Public Relations Accounting Industrial Engineering Operations Maintenance Personnel Purchasing Distribution MIS Legal Operations Interfaces BUS 105: Production and Operations Management 6 The Operations Function Core of most business organizations Responsible for the creation of an organization’s goods or services. Involves managing transformations. Converts inputs into outputs using one or more transformation processes. Its essence is to add value during the transformation process.
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BUS 105: Production and Operations Management Copyright: Mohsen ElHafsi 2010 BUS 105: Production and Operations Management 7 The difference between the cost of inputs and the value or price of outputs. Value-Added Inputs Inputs Land Labor capital Transformation/ Transformation/ Conversion Conversion Process Control Control Feedback Feedback Feedback Feedback Feedback Value added Value added Outputs Outputs Goods Services BUS 105: Production and Operations Management 8 Transformation Enabled by the operations resources which consist of what is termed the five P’ s of OM People Plants Parts Processes Planning and Control BUS 105: Production and Operations Management 9 Types of Transformation Physical - manufacturing Locational - transportation
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Lecture01 (6 slides per page) - BUS 105: Production and...

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