RMG 301 Lecture Notes - Lecture 1: Mass Production, Global Warming, Data Mining
19 Sep 2018
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Rmg301- week 1, ch. 1 intro to operations management. In short, a retail company sells a variety of goods from different companies to consumers. When you go to a retail company, you expect to see different products from different manufacturers. They have done the work of selecting the merchandise so you don"t have to run around. A manufacturing company (eg. nike, samsung, apple) may have retail stores, but they earn the bulk of their revenue from selling to retail companies (such as. Footlocker or best buy) who in turn sell to consumers. Learning objectives: define the term operations management and identify operations management jobs. Identify the major trends that affect operations management. Lo1 define operations management and identify operations management jobs. Operations management: management of processes that create goods and/or provide services. Processes: a sequence of activities, usually performed by more than one person, which uses resources and achieves a desired result. Core buying and managing equipment and supplies.
