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Chapter 1 Lecture Notes

by: Allayah Bowens

Chapter 1 Lecture Notes OM 300

Allayah Bowens
GPA 3.498
Operations Management
William Petty

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Chapter 1 Lecture Notes
Operations Management
William Petty
One Day of Notes
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This 2 page One Day of Notes was uploaded by Allayah Bowens on Friday January 16, 2015. The One Day of Notes belongs to OM 300 at University of Alabama - Tuscaloosa taught by William Petty in Spring2015. Since its upload, it has received 237 views. For similar materials see Operations Management in Business at University of Alabama - Tuscaloosa.

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Date Created: 01/16/15
OM 300001 Chapter 1 Operations and Productivity What is OM production the creation of goods and services OM the set of activities that create value in the form of goods and services Organizing 1 Marketing generating demand 2 ProductionsOperations create product 3 FinanceAccounting tracks how well organization is doing paying bills and collecting money The Supply Chain global networks of organizations that supply goods and services The Strategic Decision 1 Design of goods and services 2 Manage quality 3 Process and capacity design 4Location strategy 5Layout strategy 6 Human Resources and job design 7Supply Chain Management 8lnventory Management 9Scheduling 10 Maintenance The Economic System Inputs Labor Capital Management gt Transformation gt Outputs Goods and Services There is also a Feedback Loop to help put he outputs back into the inputs Productivity units producedinput used Or outputinput gt Measure of process improvement gt Represent output relative to input Note 0 One resource unitgt single factor productivity 0 Multiple resource inputsgt multifactor productivity Measurement Problems 1 Quality 2 External elements 3 Precise units Productivity Variables 1 Labor 2 Capital 3 Management


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