MGM101H5 Chapter Notes - Chapter 13: Process Design, Capital Asset, Program Evaluation And Review Technique
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MGM101H5 Full Course Notes
Verified Note
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Document Summary
Operaions management: about the ability of a company to control and/or improve its business processes, operaions, combined with organizaion"s capital assets, enable strategic outcomes to be actualized. Operaions management; efecive design, development, and management of the processes, procedures, and pracices embedded within organizaion"s business system for purpose of achieving its strategic intent. Supply chain management; management of interdependencies among suppliers, manufacturers and distributers: seeks to develop terms and condiions that enable all paries to efecively meet obligaions to one another. Value max; refers to maximizing beneits (price/quality comparison) that individual or set of customers will realize as result of using a product/service. Geing the product to the right place at the right ime. Focus on warehouse needs, inventory management aciviies, transportaion. Operaions cycle; alignment of operaional tasks within organizaion by its management team in order to meet strategic outcomes deined in organizaion"s business strategy.
