5.1 The Role of Operations Management Flashcards
1
Q
Relationship with other business functions
A
Marketing
Human Resource Management (HRM)
Finance
2
Q
Marketing
A
- Quality and Packaging
- Standardized production or custom-made
3
Q
Human Resource Management (HRM)
A
- Mass production may lead to layoffs/redundancies
- Amount of training/skill required
- Motivation
4
Q
Finance
A
- Capital intensive machinery requires initial investment.
- Labour intensive requires salaries, bonuses etc.
5
Q
Strategies and Practices for sustainability
A
Ecological Sustainability:
- Environment
- Recycling, upcycling, green technolgy
Social Sustainability:
- Optimizing quality of life for us and our children
- Health & Safety in the workplace
Economic Sustainability:
- Providing the Goods & Services for now and the future
- Increasing productivity
6
Q
Operations Management
A
The management of business resources (inputs, e.g. land, labour and capital)
In the primary, secondary and tertiary sector
