Intro to Operations Management Flashcards
1
Q
What is an operation
A
A structured series of activities that transforms inputs into outputs
2
Q
What is a process
A
Any activity or group of activities that take 1 or more inputs and make them into 1 or more outputs
3
Q
Difference between manufacturing and service operations
A
Manufacturing: Output is physical and durable (clothes, toys, cars)
Service: Output is intangible (food, medical pills, apps)
4
Q
What is a supply chain
A
A network between a company and its supplies to produce goods or services
