ITM 100 Lecture Notes - Lecture 6: Strategic Business Unit, Decision Support System, Strategic Planning

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Joseph Lee

Document Summary

Is the creation of goods and services using. * describes all the activities managers do to help companies create goods. "operations" replaces "production" to reflect the manufacturing of goods and services. Is the management of systems or processes that convert or transform resources (including human resources) into goods and services. There is transforming involved from inputing to outputing. Inputs goes through transformation process to create goods and services. * value added - describes the cost of the inputs and the price value of the output. * sbu (strategic business unit) - is a stand alone business under a corporate umbrella (a seprate unit which makes strategic decisions for the business and protected by that business) * strategic planning - are the collection of decisions focus in doing the right things over a longer period of time. (collection decisions to follow in the future) * mrp (material requirement planning) - use sales forcast to make sure parts and materials are avaliable.