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Operations management is the management of the productive resources of the firm which includes raw materials, human resources, land, equipment and facilities in the manufacture of goods or the delivery of services. It entails the design and control of operations processes centred around activities and people in order to provide maximum value. Its origins are in manufacturing organisations and the rational school of management with figures such as F.W.Taylor and Henry Ford as its early pioneers. Operations focuses on all activities which engage the resources of an organisation. Today, the environment for most managers is dominated by competition. The customer has choice and the effectiveness of the operations function is rising in importance as a contributor of value addition and competitive differentiation.
A) supply node is one where the total flow into the node is less than the total flow out of the node B) A transshipment node is one where the total flow into the node equals th
A young man has decided to open his own auto repair shop. He will need a management information system and he has asked you for help. Determine the capabilities of information syst
The following process is designed to handle 120 customers a day. The customer is “processed” through each of the two operations, A and B, in sequence form. The average rate of each
Given the following information: sales:48,000,000 CGS:24,000,000 Variable expense:8,000,000 fixed expenses:8,000,000 inventory:6,000,000 account receivable: 3,000
You have just been notified by the Student Aid and Scholarships Office that you would receive a regents scholarship of $2000 for the coming academic year. Furthermore, your applica
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How can she be sure of her judgment? • How can she convince the marketers? • How should she act in this situation?
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