Chpt 1 Flashcards
1
Q
What is operations?
A
Transforming inputs into outputs of greater value
2
Q
What are the 5 Ps of operations?
A
People, Plants, Parts, Processes, Planning
3
Q
Difference between outsourcing and offshoring?
A
Outsourcing: hiring another company to do an activity involved in the product/service
Offshoring: transferring activities or processes of a complete business process to a different country
