{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Productivity - of an organization’s products or services...

Info icon This preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
Productivity Chapter 2 DS 412 Fall 2010
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
Chapter 2 How does OM affect: Competitiveness Strategy Productivity
Image of page 2
Competitiveness How well does an organization meet customer needs relative to others who offer similar goods or services Marketing affects competitiveness through: Price Advertising Promotions
Image of page 3

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

View Full Document Right Arrow Icon
OM and Competitiveness OM affect competitiveness through Product and service design Cost Location Quality Timeliness Inventory management Supply chain management
Image of page 4
Mission/Strategy/Tactics Mission/mission statement The reason for existence for an organization Strategy Plans for achieving organizational goals as described in the mission statement Tactics Operating procedures put in place and actions taken to accomplish strategy
Image of page 5

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

View Full Document Right Arrow Icon
OM and Strategy Quality-based strategies Focuses on maintaining or improving the quality
Image of page 6
Image of page 7

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

View Full Document Right Arrow Icon
Image of page 8
Image of page 9

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

View Full Document Right Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: of an organization’s products or services Time-based strategies – Focuses on reduction of time needed to accomplish tasks Productivity Productivity – A measure of the effective use of resources – The ratio of output to input Productivity = Outputs Inputs Productivity Measures Partial measures: – output/(single input) Labor, machine, capital, energy Multi-factor measures: – output/(multiple inputs) – Labor& capital, machine & energy Total measure: – output/(total inputs) Yield Yield is the ratio of output of good product to input Defective product is not included in the output Productivity Growth Productivity Growth = Current Period Productivity – Previous Period Productivity Previous Period Productivity...
View Full 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