Chapter One Flashcards

1
Q

The systemic design, direction, and control of processes that transform inputs into services and products for internal, as well as external customers

A

operations management

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2
Q

The synchronization of a firm’s processes with those its suppliers and customers to match the flow of materials, services, and information with customer demand

A

supply chain management

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3
Q

The critical dimensions that a process or supply chain must posses to satisfy its internal or external customers, both now and in the future

A

competitive priorities

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4
Q

The cost, quality, time, and flexibility dimensions that a process or supply chain actually possesses and is able to deliver

A

competitive capabiltes

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5
Q

A criterion customers use to differentiate the services or products of one firm from those of another

A

Order winner

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6
Q

The means by which operations implements the firm’s corporate strategy and helps to build a customer-driven firm

A

operations strategy

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7
Q

Minimal level required from a set of criteria for a firm to do business in a particular market segment

A

Order Qualifer

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8
Q

The value of outputs (services an products) produced divided by the values of input resources (wages, costs of equipment, and so on)

A

Productivity

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