Chapter One Flashcards
The systemic design, direction, and control of processes that transform inputs into services and products for internal, as well as external customers
operations management
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
supply chain management
The critical dimensions that a process or supply chain must posses to satisfy its internal or external customers, both now and in the future
competitive priorities
The cost, quality, time, and flexibility dimensions that a process or supply chain actually possesses and is able to deliver
competitive capabiltes
A criterion customers use to differentiate the services or products of one firm from those of another
Order winner
The means by which operations implements the firm’s corporate strategy and helps to build a customer-driven firm
operations strategy
Minimal level required from a set of criteria for a firm to do business in a particular market segment
Order Qualifer
The value of outputs (services an products) produced divided by the values of input resources (wages, costs of equipment, and so on)
Productivity