key elements of an operations system

Question 1

define operations management

Answer 1

consists of all activities involved in the production of a good or provision of a service. it is concerned with transforming inputs into outputs of finished goods or services.

Question 2

what are inputs

Answer 2

the resources that are necessary to make the product or service. inputs include= raw materials, knowledge, Human Resources and capital, plant and equipment.

Question 3

what are processes

Answer 3

also known as transformation. it refers to the actions performed on the inputs to transform them into the finished product.

Question 4

what are outputs

Answer 4

this refers to the final product. an output can be a good or service.