Chapter 11

Chapter 11 - Chapter 11 Thursday, November 11, 2010 7:11 PM...

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Production and Operations Management Production: Application of resources such as people and machinery to convert materials into finished goods and services - Production and operations Management: managing people and machinery in converting materials and resources into finished goods and services - Production and Operations Management Production System A vital function is necessary for generating money to pay employees, lenders, and stockholders - Lower a firm's costs of production Boost the quality of its goods and serives Allow it to respond dependably to customer demands Enable it to renew itself by providing new products Effective production and operations management can: - Strategic Importance of the Production Function Chapter 11 Thursday, November 11, 2010 7:11 PM Intro To Business Page 1
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Mass production: manufacturing products in large amounts through standardization, mechanization and specialized skills-- least flexibility - Flexible production: producing smaller batches using information technology, communication and cooperation - Customer- Driven Production: evaluating customer demand to link with manufacture - Mass, Flexible and Customer- Driven Production Robots: reprogrammable machines capable of performing routine jobs and manipulating
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Chapter 11 - Chapter 11 Thursday, November 11, 2010 7:11 PM...

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