Operations Management

Operations Management - Operations Management - The...

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Operations Management - The planning, scheduling, and control of the activities that transform in puts into finished goods and services. Operations Function - The collection of people, tech, and systems within an org that has primary responsibility for providing the orgs products or services 1. Manufacturing - Tangible Product (How's it made, stored, and moved) 2. Service - Intangible (How do we interact with customers, what process is used, how much tech) Supply Chain - A network of manufacturers and service providers that work together to convert and move goods from the raw materials stage through to the end user. These manufacturers and service providers are linked together through physical flows, information flows and monetary flows. THREE BASIC REASONS TO STUDY SUPPLY CHAIN 1. Pervasiveness - Every organization must make a product or provide a service that someone values 2. Interdependence - Most orgs function as part of a larger supply chain 3. Profitability & Survival - Organizations must carefully manage their operations and supply chains in order to prosper, and indeed, survive Upstream vs. Downstream Tier 2 Tier 1 Supplier Supplier Manufacturer Distributor Retailer
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Operations Management - Operations Management - The...

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