Management and Organizational Studies 3330A/B Study Guide - Midterm Guide: Planet Money, Operations Management, Finished Good

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3330A/B
• Professor: Ben Marcus

Document Summary

Operations (creation and delivery of what a company does) Finance (liquid that makes the machine run: process view. Transformation of inputs into finished goods and services. Input could be the raw material: strategic view. Different corporate and operations strategies that a company may have. Starts at a cotton factory in mississippi. Cotton seeds that are made in a lab. 1 farm 1 year enough for 9 million t-shirts. Next goes from plant to fabric in indonesia and other countries. Becomes roles of yarn and then turned into fabric. Makes a month in bangladesh and is very low wage. Columbia and bangladesh have a big difference in the garment industry. Travels by water and train to get back to the factory. All the companies required steps to buy milk for customer. There is a network of multiple firms. Full network of facilities the infrastructures, functions, activities that enable us to supply and deliver.