MGTA02H3 Study Guide - Psychographic, Intranet, Flawlessly
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MGTA02H3 Full Course Notes
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Document Summary
Service operations production activities that yield intangible services. Goods production production activities that yield tangible products. Production making of physical goods, now also services. Reshaped production into a faster-paced, more complex business activity. Production operations have become more environmentally friendly. Firms face constant change: new technologies to run more cleanly, quickly and safely. Products provide: economic results: profits, wages, goods purchased from other companies, non-economic results: new technology, innovations, pollution. Operations (production) management: systematic direction and control of the processes that transform resources into finished goods. Set of methods and technologies used in the production of a good or a service. Whether their operations process combines resources or breaks them into component parts. All good manufacturing processes can be classified in two ways: type of transformation technology that transforms raw materials into finished goods. Chemical processes: raw materials are chemically altered (eg. steel) Fabrication processes: mechanically alter the basic shape or form of a product. (eg. metal forming, woodworking, textile)
