Lecture 1: Basic concepts Flashcards
Describe the four stages of Operations COntribution
Stage 1: Internally neutral
- Operations are seen as a weakness, correcting the worst mistakes within the firm
Stage 2: Externally neutral
- adopting best practices, helping the organization reach comparison with competitors.Use other companies strategies
Stage 3: Internally supportive
- Operations start to align closely with the company’s strategy, becoming a supportive element to achieving strategic goals.
Stage 4: Externally Supportive - Operations look to be long term. Proactive and creative “One step ahead”. Highly competitive
Define stakeholder
An actor who may be influence or may influence the operation’s activities
Name the 5 basic performance objectives that can be applied to all types of operations
- Quality
- Speed
- Dependability
- Flexibility
- Cost
What happens during a production system?
Raw material is transformed into a product or a service or a
combination of them.
WHat are the 5 best practices to apply when optimizing manufacturing activities?
- Simultaneous improve cost, quality and delivery
- Closer contact with cusotmers and suppliers
- Efficient use of technology y to achieve strategic advantages
- functional organisations and less hierarchical levels to
achieve higher flexibility - Good Personnel policies
What is an open system?
Depends on its environment.
For e.g. components are bought from an external supplier when assembling a car
What is an closed system?
Doesnt depend on its environment.
For e.g. Bottled water factory that reuses water and materials within the system, with little interaction with the outside environment
How is productivity calculated at a certain point of time?
How much is produced from the given output.
Output/Input, but also Q/t
How can efficiency be described in terms of a production system?
Measures how well resources are used to achieve the output, minimizing waste and maximizing output from inputs.
What is the differene between effectiveness?
Efficiency is to do things right and Effectiveness is to do the right things
Express productivity as 3 different types and their tillhörande formulas
P(Labor)= Volume produced/Amount of work performed
P(Machinery)= Volume produced/Production capacity installed
P(Materials)=Volume produced/Amount of materials used