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MANAGEMENT Documents

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MANAGEMENT Flashcards

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  • 139 terms

    Term:

    Quality

    Definition:

    one of the four key objectives of operations, along with the cost, flexibility, and delivery. Not just defined on the product or service itself. Meeting or exceeding customer requirements now and in the future.

    • OP Management_2
    • 139 terms
    • Vocabulary for OP Management_2. Find, create, and access flashcards with Course Hero.
  • 114 terms

    Term:

    Function of an organization

    Definition:

    is responsible for producing and delivering goods or services of value to customers of the organization.

    • Op Management_1
    • 114 terms
    • Vocabulary for Op Management_1. Find, create, and access OPM, flashcards with Course Hero.
  • 18 terms

    Term:

    The Seven Rights

    Definition:

     Right material  Right quantity  Right time  Right place  Right source  Right service  Right price Make trade-offs to achieve optimum mix.

    • Purchasing
    • 18 terms
    • Vocabulary for Purchasing. Find, create, and access flashcards with Course Hero.
  • 17 terms

    Term:

    COGS

    Definition:

    cost of the product transferred to the income statement when inventory is sold

    • ACCT 1
    • 17 terms
    • Vocabulary for ACCT 1. Find, create, and access flashcards with Course Hero.
  • 7 terms

    Term:

    Function of an organization

    Definition:

    is responsible for producing and delivering goods or services of value to customers of the organization.

    • Op Management
    • 7 terms
    • Vocabulary for Op Management. Find, create, and access OPM, flashcards with Course Hero.
  • 5 terms

    Term:

    Interchangeability in Perfect Competition

    Definition:

    "• Sellers make no special arrangements for customers because they would take a loss • No investments are dedicated to that relationship that will lose value in the end "

    • Econ Final
    • 5 terms
    • Vocabulary for Econ Final. Find, create, and access Economics, flashcards with Course Hero.

MANAGEMENT Courses with Advice

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