BUSN 102 Chapter Notes - Chapter 9: Program Evaluation, Non-Governmental Organization, The Need
14 Apr 2016
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Document Summary
Us producers have a lot to learn from foreign producers. Foreign companies use us technology to improve eiciency and help developing areas. Foreign producers stream to the us to take advantage of its labor force and opportuniies. Us manufacturers gain compeiive edge by: focusing on customers, maintaining closer relaionships with suppliers to saisfy customer needs, pracicing coninuous improvement, saving on costs through site selecion, using internet to unite companies that work together. Producion creaion of inished goods and services using the factors of producion (land, labor, capital, entrepreneurship: manufacturing. Producion management describes the management aciviies that helped irms create goods. The us has become a service economy (dominated by service sector) rather than manufacturing. Operaions management converts or transforms resources (including human resources like skills) into goods and services: inventory management, quality control, producion scheduling, follow up services. Ex: operaions management transforms raw materials, human resources, and tools into cars.
