Accounting payables receivables general ledger

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Accounting Payables Receivables General Ledger Finance Cash control International exchange rates Marketing Traffic administration Reservations Schedules Tariffs (pricing) Sales Advertising
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Operations Management 79-22 Business School of Central South University Organizational Charts Organizational Charts Manufacturing Operations Facilities: Construction:maintenance Production & inventory control Scheduling: materials control Supply-chain management Manufacturing Tooling, fabrication,assembly Design Product development and design Detailed product specifications Industrial engineering Efficient use of machines, space, and personnel Process analysis Development and installation of production tools and equipment Finance & Accounting Disbursements/credits Receivables Payables General ledger Funds Management Money market International exchange Capital requirements Stock issue Bond issues and recall Marketing Sales promotions Advertising Sales Market research
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Operations Management 79-23 Business School of Central South University Why Study OM? Why Study OM?
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Operations Management 79-24 Business School of Central South University Why Study OM? Why Study OM? OM is one of three major functions ( marketing, finance, and operations ) of any organization. We want ( and need ) to know how goods and services are produced. We want to understand what operations managers do. OM is such a costly part of an organization.
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Operations Management 79-25 Business School of Central South University Options for Increasing Options for Increasing Contribution Contribution Marketing Option Finance & Accounting Option OM Option Current Sales Revenue : +50% Finance Costs: -50% Production Costs: -20% Sales $100,000 $150,000 $100,000 $100,000 Cost of Goods Sold -80,000 -120,000 -80,000 -64,000 Gross Margin 20,000 30,000 20,000 36,000 Finance Costs -6,000 -6,000 -3,000 -6,000 Net Margin 14,000 24,000 17,000 30,000 Taxes @ 25% -3,500 -6,000 -4,250 -7,500 Contribution 10,500 18,000 12,750 22,500
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Operations Management 79-26 Business School of Central South University What Operations Managers Do What Operations Managers Do Plan - Organize - Staff - Lead - Control
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Operations Management 79-27 Business School of Central South University Ten Critical Decisions Ten Critical Decisions Service, product design…………….. Quality management………………… Process, capacity design………….. Location …………….………………… Layout design ……………………….. Human resources, job design…….. Supply-chain management………… Inventory management ……………. Scheduling …………………………… Maintenance …………………………. Ch. 5 Ch. 6, 6S Ch. 7, 7S Ch. 8 Ch. 9 Ch. 10, 10S Ch. 11,11s Ch. 12, 14, 16 Ch. 3, 13, 15 Ch. 17
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Operations Management 79-28 Business School of Central South University The Critical Decisions The Critical Decisions Quality management Who is responsible for quality?
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  • Fall '12
  • jay
  • Management, The Land, Central South University, Business School of Central South University

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