{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Lecture - BUS 105 Production and Operations Management BUS...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
BUS 105: Production and Operations Management Copyright: Mohsen ElHafsi 2011 1 !"# %&’ ()*+,-./*0 10+ 234)1./*05 610174840. Introduction BUS 105: Production and Operations Management The management of systems or processes that create goods and/or provide services !"#$%&’()* ,%)%-#.#)& 2 Finance Operations Marketing Organization BUS 105: Production and Operations Management /%*’0 /1*’)#** !"#$%&’()* ! Operations function consists of all activities directly related to producing goods or providing services 3 Finance Operations Marketing Organization BUS 105: Production and Operations Management Operations /1*’)#** !"#$%&’()* !2#$3%" 4 Finance Marketing BUS 105: Production and Operations Management Industrial Engineering Maintenance Distribution !"#$%&’()* 4)&#$5%0#* 5 Public Relations Accounting Operations Personnel Purchasing MIS Legal BUS 105: Production and Operations Management 67# !"#$%&’()* 81)0&’() ! Core of most business organizations ! Responsible for the creation of an organization’s goods or services. 6 ! Involves managing transformations. ! Converts inputs into outputs using one or more transformation processes. ! Its essence is to add value during the transformation process.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
BUS 105: Production and Operations Management Copyright: Mohsen ElHafsi 2011 2 BUS 105: Production and Operations Management The difference between the cost of inputs and the value or price of outputs. !"#$%&’((%( Value added 7 Inputs Land Labor capital Transformation/ Conversion Process Control Feedback Feedback Feedback Outputs Goods Services BUS 105: Production and Operations Management )*"+,-.*/"01.+ ! Enabled by the operations resources which consist of what is termed the five P’ s of OM " People 8 " Plants " Parts " Processes " Planning and Control BUS 105: Production and Operations Management )23%, .- )*"+,-.*/"01.+ ! Physical - manufacturing ! Locational - transportation Exchange retailing 9 ! Exchange - retailing !
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern