COMMERCE 2OC3 Lecture Notes - Lecture 3: Operations Management, Swot Analysis, Human Resources
10 Feb 2018
School
Department
Course
Professor
Document Summary
Analyze environment; identify swot --> determine mission --> form strategy. Om is an essential function in an organization. A large part of a company"s expenses occur in om area. Improvements in operations often lead to the highest impact on a company"s profits. It is not always easier to reduce operations expenses than increasing sales revenue. Activities in all areas are interrelated with om. A large number of all jobs are in the om area (purchasing, planning, scheduling, inventory, etc. ) There is a lack of professionals with om skills. 90% of visits completed in 32. 6 hours (2016-2017, canada-wide) A simplified representation of a real-life object, phenomenon, etc. Allow us to focus on the important details of an application. A way to understand, share, and talk about the part of reality we are interested in. It can be used to predict consequences of actions before they are taken.
