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MGTA02H3 (149)
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Lecture

Lecture 1 Notes

2 Pages
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Department
Management (MGT)
Course Code
MGTA02H3
Professor
H Laurence

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MGTA04-Lecture 1
Efficiency: increase output for same input
Effective: matching output to environment so people buy your goods
and services.
Productivity
oMeasure of efficiency
oHow much is produced relative to the resources used to produce
it
oProductivity increases when more is produced for the same input
oMeasured on country wide basis
oLabor productivity = GDP/total number of workers
oIn Canada productivity is decreasing
Because we cant mechanize our industries (e.g. lumber)
oService industries are less productive
oTo increase productivity, we need to increase quality
Operations management:
Systematic direction and control that transforms resources into
finished goods and services
Key processes: plan, schedule and control
Capacity planning: making sure you can meet demand
Location planning: cost of bringing stuff in and out.
Operation scheduling: priorities, how to use time right order
Lead times: time you initiate
Lag times: time it actually takes to happen.
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Description
MGTA04-Lecture 1 Efficiency: increase output for same input Effective: matching output to environment so people buy your goods and services. Productivity o Measure of efficiency o How much is produced relative to the resources used to produce it o Productivity increases when more is produced for the same input o Measured on country wide basis o Labor productivity = GDPtotal number of workers o In Canada productivity is decreasing Because we cant mechanize our industries (e.g. lumber) o Service indus
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