BU231 Study Guide - Final Guide: Equal Pay For Equal Work, Cash Management, Asset Management
Document Summary
Chapter 13(11) achieving world-class operations management 4 marks multiple choice. Production- the creation of products and services by turning inputs such as: natural resources, raw materials, human resources and capital into outputs which are products and services: operations management- management and production process. It is the opposite of mass production: converting inputs to outputs: two basic processes for converting: Process manufacturing- the basic input is broken down into one or more outputs: assembly process- the basic inputs are either combined to create the output or transformed into the output. Production timing- a continuous process that uses long production runs that could go on for days, weeks, or months without equipment shutdowns. Intermittent process- short production runs used to make batches of different products. Location: facilities location affects operating/ shipping costs/ price of the product or service/ company"s ability to compete. It must consider costs of shipping and raw materials and finished goods.
