100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Operations Management Year 2 - FM $7.02
Add to cart

Summary

Summary Operations Management Year 2 - FM

 7 views  1 purchase
  • Course
  • Institution

It is a summary of all the lessons of Operations Management given on BUAS/NHTV in grade 2

Last document update: 3 year ago

Preview 3 out of 27  pages

  • April 9, 2021
  • April 16, 2021
  • 27
  • 2020/2021
  • Summary
avatar-seller
OM = “the management of processes that convert inputs (such as labor, materials, and
energy) into outputs (in the form of goods and services)

Inputs: outputs:
- materials - products
- equipment - services
- customers - benefit
- staff - emotions
- technology - judgements
- facilities (perceived value)




Core processes in OM:
- Order fulfillment process (which activities are planned and executed from the
moment customer ordered till its fulfilled)
- Customer relation process (how an organization deals with a customer
before/during/after the order fulfillment process)
- Supplier relation process (more suppliers are necessary to perform a
service/product, how well does a organization deals with ´suppliers` and supply chain
- Product and service development process (developing new products/services in
the long run to stay successful as a business in the future)

How these processes work is strongly depending on the core business of the company, so
the company type is pretty important…
and how about hierarchy, centralization, the extent of formalization, and the level of
complexity ⇒ organizational design

Organizational forms
- Simple (think of small companies, entrepreneur is owner) e.g. grocery store
- Functional (think of operations, marketing, HRM…) more departments
- Divisional (think of products, markets, regions) multiple locations or multiple services
- Conglomerate (think of different businesses in one) e.g. ikea they own forest
- Hybrid (mix of several organizations forms) e.g. hospital

Types of operation:
- Materials processing operations (MPOs) → usually referred to as manufacturing
- Customer processing operations (CPOs) → usually referred to as a service
- Information processing operations (IPOs) → usually referred to as services

Is there one type of operation?
→ mostly a combination of all 3 but they all behave differently
- materials: all kinds of sizes, specifics, but in general also predictable
- customers: all different, so are less predictable
- information: facts or data, real-time info, information system

,Differences between CPOs (services) and MPOs (manufacturing)
- Intangibility (directly experienced, no tangible proof)
- Heterogeneity (variability in services experiences)
- Perishability (services cannot be stored)
- Simultaneity (or inseparability) customer is intertwined in the process

Operations diagnosis: 4/5 V´s
- Volume of output (scale, how many customers, how many products)
e.g. Coca-Cola
- Variety of products or services offered (size of product range, number of services)
e.g. Cinema
- Variation in demand (demand changing over time, per day, per season)
e.g. restaurant
- Variability (customization possibility) e.g. VIP airport assistance
- Visibility (to what extent can the customer see the experience or be part of it)




Operations management as a system:


OM = what flows through

understanding relationship
between customers,
information, production and
transformational input

, Servuction system → can help you to “process” your customers and offer a service
experience

Servuction system = service + production




community session 2:
Order qualify factors (OQ´s) are characteristics of a product/service that are required for
them even to be considered by a customer

Order winning factors (OW´s) are those characteristics which directly contribute to winning
business from customers (e.g. speed of delivery, flexibility, etc.)

How to compare OQ´s and OW´s: 5 internal performance objectives
- cost
- quality
- dependability
- flexibility
- speed
competing on cost
- value-added
- selling price
- running cost
- manufacturing cost
- service cost
competing on quality
- features - perceived quality
- performance - serviceability
- technical durability - conformance
- aesthetics - consistency
- value for money
- perceived quality
- serviceability

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

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!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

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.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller gitteslegers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.02. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

56326 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.02  1x  sold
  • (0)
Add to cart
Added