GMS 401 Chapter Notes - Chapter 1: Cost Accounting, Time And Motion Study, William Ouchi

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greydeer891

8 Nov 2011

School

Ryerson University

Department

Global Management Studies

Course

GMS 401

Professor

Robert Meiklejohn

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Document Summary

Chapter 1 introduction to operations management. Marketing: performs all activities directly related to producing goods or providing services, core of most organizations. Inputs are used to obtain goods or services using one or more transformation processes (storing, transporting, cutting) Measurements are taken along the way of this process (feedback) and then compared with standards. Economic analysis of investment proposals: focuses on selling or promoting the goods or services, lead time: the time it between ordering a product and receiving it; a number marketing needs to know from operations. Differentiating features of operations systems. Degree of product standardization: how uniform the product is or if its customizable. Type of process: the degree of standardization and the volume of output influences the way a firm organizes its production process. Production of goods versus services: goods - results in a tangible output, services implies an act, differences involve the following. Customer contact, use of inventories, and demand variability. Operations managers and decision making.

Related Questions

32) Which of the following best describes the term gross domestic product? a) total value of all goods and services produced within a given period by a national economy through domestic factors of production total quantity of goods and services produced by an economic system conditions of the economic system in which an organization operates total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located

Which of the following statements is true of organizational culture?

a) It is absent in large organizations.

b) It can only be conveyed through formal communication between managers and subordinates.

c) It exists only in the top management of an organization.

d) It helps ensure that all members of a company share values.

e) It is seldom seen in profit-making businesses.