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Operations Management

Published on Feb 04, 2016

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PRESENTATION OUTLINE

Operations Management

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Topics Covered

  • 17 Production of goods and services
  • 18 Costs, scale of production
  • 19 Achieving quality production
  • 20 Location decisions
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Production of goods and services

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Objectives

  • Production and productivity
  • Benefits of increasing production
  • Why businesses hold inventory
  • Lean production
  • Methods of production
  • The role of technology
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Production

The provision of a product or service to satisfy customer wants and needs
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Untitled Slide

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Productivity

How a business can measure its efficiency
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Productivity

Productivity = Qty of output/ Qty of inputs