Capacity - --the "throughput," or number of units a facility can hold, receive, store, or produce in a period of time -Long-range planning - --adding facilities -adding long lead time equipment -Intermediate-range planning - --add personnel, add equipment, add shifts -build inventory -use invento...
[Show more]
Utility - -a measure of the customer preference of a product or service -What three components is utility composed of? - -1) consumption utility 2) price 3) inconvenience -Consumption Utility - -a measurement of how much you like a service, ignoring the effects of price and its inconvenience...
Preview 2 out of 7 pages
Add to cartUtility - -a measure of the customer preference of a product or service -What three components is utility composed of? - -1) consumption utility 2) price 3) inconvenience -Consumption Utility - -a measurement of how much you like a service, ignoring the effects of price and its inconvenience...
Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services - -False -Often, the collective success or failure of companies' operations functions will impact the ability of a nation to compete with other nations - -Tr...
Preview 3 out of 20 pages
Add to cartOperations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services - -False -Often, the collective success or failure of companies' operations functions will impact the ability of a nation to compete with other nations - -Tr...
production - -the creation of goods and services - Heizer, Render, & Munson -WBS - -Work Breakdown Schedule - a hierarchical description of a project into more and more detailed components 1. Project (1) 2. Major Tasks in the project (1.1, 1.2, 1.3) 3. Subtasks in major tasks(1.1.1, 1.2.1, ...
Preview 2 out of 8 pages
Add to cartproduction - -the creation of goods and services - Heizer, Render, & Munson -WBS - -Work Breakdown Schedule - a hierarchical description of a project into more and more detailed components 1. Project (1) 2. Major Tasks in the project (1.1, 1.2, 1.3) 3. Subtasks in major tasks(1.1.1, 1.2.1, ...
Operations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
Preview 1 out of 3 pages
Add to cartOperations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
Operations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
Preview 1 out of 3 pages
Add to cartOperations management is: - -Managing the process that transform inputs into useful outputs -Every business is managed through what three major functions? - -Finance, marketing and operations management -Which business function is responsible for sales, generating customer demand, and understa...
Activities on the critical path of a project have ______ slack. Select one: a. positive b. zero c. free d. negative - -zero -Activity slack time for an activity in a project means the activity has fell behind schedule. Select one: a. True b. False - -False -Adding resources to reduce t...
Preview 2 out of 12 pages
Add to cartActivities on the critical path of a project have ______ slack. Select one: a. positive b. zero c. free d. negative - -zero -Activity slack time for an activity in a project means the activity has fell behind schedule. Select one: a. True b. False - -False -Adding resources to reduce t...
In the context of operations management, a(n) _____ is a sequence of activities, usually performed by more than one person, which uses resources and achieves a desired result. - -process -How do other areas of organizations—such as finance, accounting, human resources, management information sy...
Preview 2 out of 8 pages
Add to cartIn the context of operations management, a(n) _____ is a sequence of activities, usually performed by more than one person, which uses resources and achieves a desired result. - -process -How do other areas of organizations—such as finance, accounting, human resources, management information sy...
Every business is managed through what three major functions? - -Marketing, Finance, and Operations Management -Which business function is responsible for managing cash flow, current assets, and capital investments? - -Finance -The finance function is responsible for: - -managing cash flow, cu...
Preview 2 out of 10 pages
Add to cartEvery business is managed through what three major functions? - -Marketing, Finance, and Operations Management -Which business function is responsible for managing cash flow, current assets, and capital investments? - -Finance -The finance function is responsible for: - -managing cash flow, cu...
Quality - -The ability of a product or service to meet customer needs. -Cost of Quality (COQ) - -The cost of doing things wrong--that is, the price of non conformance. -ISO 9000 - -A set of quality standards developed by the International Organization for Standardization (ISO) -ISO 14000 - ...
Preview 1 out of 3 pages
Add to cartQuality - -The ability of a product or service to meet customer needs. -Cost of Quality (COQ) - -The cost of doing things wrong--that is, the price of non conformance. -ISO 9000 - -A set of quality standards developed by the International Organization for Standardization (ISO) -ISO 14000 - ...
_____ _____ is the management of processes used to design, supply, produce, and deliver valuable goods and services to customers - -operations management -Operations management is mainly concerned with _____. designing a set of goods and services and their related processes consumption of goods...
Preview 2 out of 15 pages
Add to cart_____ _____ is the management of processes used to design, supply, produce, and deliver valuable goods and services to customers - -operations management -Operations management is mainly concerned with _____. designing a set of goods and services and their related processes consumption of goods...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller LiamXavier. Stuvia facilitates payment to the seller.
No, you only buy these notes for $45.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now