Textbook Notes for Wally Whistance- Smith

RYERSONGMS 401Wally Whistance- SmithWinter

GMS 401 Chapter Notes - Chapter 2: Operations Management, Cost Leadership, Product Differentiation

OC5070684 Page
30 Jan 2017
5
Competitive advantage: the creation of a unique advantage over competitors. Idea is to create customer value in an efficient and sustainable way. Pure
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RYERSONGMS 401Wally Whistance- SmithWinter

GMS 401 Chapter Notes - Chapter 1: Operations Management, Material Requirements Planning, Production Function

OC5070685 Page
30 Jan 2017
9
Production is the creation of goods and services. Operations management (om) is activities that relate to the creation of goods and services through th
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RYERSONGMS 401Wally Whistance- SmithFall

GMS 401 Chapter Notes - Chapter 1: Elton Mayo, Western Electric, Interchangeable Parts

OC11998505 Page
28 Sep 2016
8
Om is the management of activities and resources that create goods and/or provide services. Companies use om to improve: efficiency (minimize cost and
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RYERSONGMS 401Wally Whistance- SmithFall

GMS 401 Chapter Notes - Chapter 2: Strategic Business Unit, Market Environment, Vertical Integration

OC11998507 Page
28 Sep 2016
7
Better quality, higher productivity, lower costs, and the ability to respond quickly to customer needs are more important than ever and the bar is gett
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RYERSONGMS 401Wally Whistance- SmithFall

GMS 401 Chapter Notes - Chapter 13: Symantec, Beta Distribution, Remington Rand

OC112560414 Page
24 Dec 2017
0
Using the microsoft project software package, each of the hundreds of details can be monitored and controlled. This change stems from awareness of the
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RYERSONGMS 401Wally Whistance- SmithWinter

GMS 401 Chapter Notes - Chapter 6: Learning Curve

OC5070682 Page
13 Mar 2017
0
Learning curves are based on the premise that people and organizations become better at their tasks as the tasks are repeated: a learning curve graph d
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RYERSONGMS 401Wally Whistance- SmithFall

GMS 401 Chapter Notes - Chapter 3: Uniform Commercial Code, Modular Design, User Friendly

OC11998506 Page
28 Sep 2016
6
The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advan
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RYERSONGMS 401Wally Whistance- SmithFall

GMS 401 Chapter Notes - Chapter 1: Operations Management, Capacity Planning, Lead Time

OC178023 Page
16 Oct 2011
31
Operations management: the management of processes or systems that create goods and/or provide services. Forecasting: forecasting the demand for flight
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RYERSONGMS 401Wally Whistance- SmithFall

GMS 401 Chapter Notes - Chapter 1: Operations Management, Industrial Revolution, Microsoft Powerpoint

OC23127545 Page
19 Nov 2017
0
This chapter provides a definition of operations management. The role and importance of operations in an organization are described, along with operati
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RYERSONGMS 401Wally Whistance- SmithWinter

GMS 401 Chapter Notes - Chapter 7: Total Quality Management, Quality Management System, Iso 14000

OC5070686 Page
13 Mar 2017
0
Improvements in quality helps firms increase sales and reduce costs, both of which can increase profitability. Increase in sales often occur as firms s
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RYERSONGMS 401Wally Whistance- SmithWinter

GMS 401 Chapter 4: GMS401 - Chapter 4 Textbook Notes

OC5070685 Page
13 Feb 2017
1
The screening process extends to the operations function. Optimum product development depends not only on support from other parts of the firm but also
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RYERSONGMS 401Wally Whistance- SmithFall

GMS 401 Chapter Notes - Chapter 6: Wilfrid Laurier University, Shared Experience

OC11256046 Page
24 Dec 2017
0
In other words, it takes less time to complete each additional unit a firm produces: however, time savings in completing each subsequent unit decreases
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