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Operations management
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The development and administration of the activities involved in transforming resources into goods and services
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Manufacturing/production
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The activites and processes used in making tangible products
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Operations
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The activities and processses used in making both tangible and intangible products
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Inputs
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The resources- such as labor, money, materials, and energy- that are converted into outputs
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Outputs
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The goods, services, and ideas that result from the conversion of inputs
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Standardization
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The making of identical interchangeables components or products
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Modular design
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The creation of an item in self-contained units, or modules, that can be combined or interchanged to create different products
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Customization
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Making products to meet a particular customers needs or wants
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Capacity
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The maximum load that an organizational unit can carry or operate
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Fixed-position layout
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A layout that brings all resources required to create the product to a central location
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Project organization
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A company using a fixed-position layout because it is typically involved in large, complex projects such as construction or exploration
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Process layout
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A layout that organizes the transformation process into departments that group related processes
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Intermittent organizations
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Organizations that deal with products of a lesser magnitude than do project organizations; their products are not necessarily unique but posess a significant number of differences
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Product layout
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A layout requiring that production be broken down into relatively simple tasks assigned to workers, who are usually positioned along an assembly line
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Continuous manufacturing organizations
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Companies that use continuously running assembly lines, creating products with many similar characteristics
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