GMS 200 Study Guide - Midterm Guide: Material Requirements Planning, Operations Management, Quality Management

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Sui Sui

Document Summary

Operations management: managing the processes and activities that involve with transforming inputs into outputs. Activities creating goods and services take place in all organizations. In manufacturing firms, the production activities that create goods are usually quite obvious. Marketing: advertise products and determine customer needs/wants. Production/operations: creates goods (products) and services. well the organization is doing. ie) airline: Flight operations (crew scheduling, flying, communication, dispatching, capacity planning, inventory management, forecasting, quality assurance) To learn how people organize themselves for productive enterprise. To learn how goods and services are produced. It is integrally related to all the other business functions. (market/finance/produce) Om is one of the 3 major functions of any organization. A large number of jobs are done in the om function. The production function is the segment of our society that creates the products and services we use. Because it is such a costly part of an organization.