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Midterm

GMS 401 Study Guide - Midterm Guide: Operations Management


Department
Global Management Studies
Course Code
GMS 401
Professor
Fatemeh Firouzi
Study Guide
Midterm

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Chapter 1: Introducon to Operaons Management
Operaons Management:

Companies Use Operaons Management to Improve:
Eciency:
Eecveness:
Three Basic Funcons
1. Operaons:
2. Finance: 
3. Markeng:!"
#$
%
Is Operaons Management Funcon "Adding Value" During the Transformaons Process?
Value Added:&!

''

Is There Any Overlapping Between the Main Funcons?
(
)"
#
*+"#!#"#
,"
!-,!#
""+!
!
Why Study Operaons Management?
1. +
$Improvements= more prots)
2. )$purchasing, quality, planning,
scheduling, inventory, etc%
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