OC2644754

OC2644754

Georgia Institute of Technology

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GEORGIA TECHMGT 3062GarnerFall

MGT 3062 Lecture Notes - Lecture 1: Sports Agent, Cash Flow

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21 Aug 2020
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An agency relationship (or principal agent relationship) occurs whenever one party (the principal) delegates responsibility for some task or function t
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GEORGIA TECHMGT 3062GarnerFall

MGT 3062 Lecture Notes - Lecture 1: Cash Flow, Financial Statement, Making Money

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21 Aug 2020
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Business is primarily concerned with making money (or adding value ) How does a company acquire funds? i. e. purchasing of a new building. As an invest
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Study Guide - Final Guide: Exponential Smoothing

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21 Jul 2020
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Study Guide - Final Guide: Behavioural Sciences, Net Present Value, Sensitivity Analysis

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21 Jul 2020
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 16: Outsourcing, Walmart

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20 Jul 2020
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In the mid-1990s, the swedish car manufacturer volvo found itself with excessive stocks of green cars. To move them along, the sales and marketing depa
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 15: Super Bowl

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20 Jul 2020
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How well you execute your strategy will determine whether your company is successful or not. 30% of new businesses fail in the first 2 years. 50% fail
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 16: Vertical Integration, Lean Manufacturing

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20 Jul 2020
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The process of optimizing the shipment of goods and services from supplier to customer. The goals of scm are to optimize production, decrease manufactu
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture 15: MGT 3501 - Lecture 15.2

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20 Jul 2020
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One of the most important decisions operations has to make is how to handle variation in demand. You know it will happen (no demand is perfectly consta
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 14: Correlation Does Not Imply Causation, Issue Tracking System, Critical Path Method

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13 Jul 2020
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 14: Scope Creep, Project Manager, Time Management

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13 Jul 2020
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A series of tasks that need to be completed in order to reach a specific outcome. Planning, directing, and controlling resources (people, equipment, ma
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 13: Exponential Smoothing, Continual Improvement Process, Time Series

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13 Jul 2020
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Identifies the relationship between two or more variables. Visually: there"s a relationship between temperature and sales of coca- Does not have to be
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 13: Moving Average

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13 Jul 2020
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Assumes the most accurate forecast of future demand is a simple (linear) combination of past demand. Taking an average of past data to help predict wha
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 13: Randomness

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13 Jul 2020
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Easy to use and very commonly use. Main idea: prediction of the future depends mostly on the most recent observation, and the latest forecast. Forecast
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 13: Niels Bohr

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13 Jul 2020
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 12: Carrying Cost, Lead Time

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13 Jul 2020
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Know exactly when firm will be replenished. Multiple orders from the same vendor can be combined into one order and delivery. Can have multiple deliver
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 12: Standard Deviation, Stockout, Lead Time

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13 Jul 2020
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Want to have safety stock, not have too much excess inventory, but have enough. Develop a forecast to get an estimated demand, and estimated variation
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 12: Cash Flow, Opportunity Cost

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13 Jul 2020
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Inventory is the raw material, components, work in process, or finished goods that are held at a location in the supply chain. Inventory management sys
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 12: Racetrac

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13 Jul 2020
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Maintaining inventory takes time and costs money. Hard to manage to sell all parts. Hard to manage every single product, restocking in time, etc. Ville
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 11: Standard Deviation, Statistical Process Control, Six Sigma

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8 Jul 2020
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What is the potential to create defects before mass production starts. Shows how well the parts being produced fit into the range specified by the desi
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture 11: MGT 3501 - Lecture 11.2

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8 Jul 2020
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How far away the data is from the average. The smaller the standard deviation is, the more under control the process is. Range of variation that a proc
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture 11: MGT 3501 - Lecture 11.1

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8 Jul 2020
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By observing variation in output in real time. Used to keep processes stable, consistent and predictable. Monitors quality while the product or service
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture 10: MGT 3501 - Lecture 10.2

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8 Jul 2020
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Production line is controlled by the last operation (selling a finished good) Production line doesn"t start until a sale is made. Efficiency of the ent
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 9: Quality Management, Total Quality Management, Dmaic

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7 Jul 2020
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Total quality management: manage the entire organization to excel in all dimensions of products and services that are important to customers. Instead o
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 9: Six Sigma, Control Chart

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7 Jul 2020
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Every company should use a run chart to take a look at their process at real time . Y-axis = what you"re trying to measure. Can focus on the specific m
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture 9: MGT 3501 - Lecture 9.1

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7 Jul 2020
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Everything we buy and every service we buy, we expect a certain level quality. The penalty for poor quality is much greater than the benefit of good qu
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Chapter Notes - Chapter 4: Work Breakdown Structure, Project Management, Project A

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29 Jun 2020
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4 1 explain what projects are and how projects are organized. Projects can be categorized into four major types: prod- uct change, process change, rese
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 7: Predictive Analytics, Supply Chain, Health Professional

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29 Jun 2020
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Process of inspecting, cleaning, and modeling data with the goal of discovering useful information to support decision making. To make predictions abou
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 6: Standard Deviation, Statistical Process Control

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29 Jun 2020
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Variation from the established limits in a process. Can occur in manufacturing operations, service operations, or measurements. If no buffers exist bet
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 8: Customer Experience, Peach Pass, Georgia Department Of Transportation

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29 Jun 2020
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One of the few things all customers agree on. Waiting in line is a significant challenge. Use a lot of technology to reduce the time. Makes sure to hav
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 5: 5Star, Happy Hour, Airbnb

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22 Jun 2020
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Involves experienced/more employees to compensate for the variations among customers. 5-star hotels have more employees and almost everyone can assist
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 5: Waffle House

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22 Jun 2020
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Defined as the package of goods and services provided in the same environment. Ex: for a restaurant, the atmosphere and server is just as important as
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 3: Kroger

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22 Jun 2020
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 3: Little Caesars, Flow Diagram, Swim Lane

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22 Jun 2020
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A process is a series of independent tasks that transforms an input into an output that is higher value to the organization. Honda transforms steel, ru
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 5: Waffle House, Customer Retention, Service Level

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22 Jun 2020
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Service operations is responsible for producing the services of an organization and providing them directly to its customers. Services are activities o
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Chapter 2: MGT 3501 - Textbook Notes 2

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17 Jun 2020
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2 1: know what a sustainable business strategy is and how it relates to operations and supply chain management. A strategy that is sustainable needs to
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Chapter Notes - Chapter 3: Concurrent Engineering, Contract Manufacturer, Core Competency

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17 Jun 2020
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Chapter 1: MGT 3501 - Textbook Notes 1

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17 Jun 2020
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Textbook notes chapter 1 strategy, products, and capacity. 1-1: identify the elements of operations and supply chain management (oscm). Processes are u
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 2: Merck & Co., Dow Jones Industrial Average, American Express

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17 Jun 2020
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The process beginning with the perception of a market opportunity and ending in the production, sale and delivery of the product. Successful product de
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GEORGIA TECHMGT 3501Tim MartinSummer

MGT 3501 Lecture Notes - Lecture 1: Operations Management, Product Design, Project Management

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17 Jun 2020
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Operations management is the management (design, operation, improvement) of the processes that transform material, labor, energy and information into g
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GEORGIA TECHMGT 3659Anne FullerSummer

MGT 3659 Chapter Notes - Chapter 12: Business Ethics, Shareholder Rights Plan, Chief Operating Officer

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3 Jun 2020
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In this final chapter, we looked at stakeholder strategy, corporate governance, business ethics, and strategic leadership, as summarized by the followi
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