Unit 3 Outcome 3 Flashcards
Operations management
Operations management consists of all the activities in which managers engage to produce goods or services.
Tangibles
Tangibles are goods that can be touched.
Intangibles
Intangibles include services that cannot be touched.
Inputs
Inputs are resources used in the process of production.
Transformation
Transformation is the conversion of inputs (resources) into outputs (goods or services).
Outputs
Outputs refer to the end result of an organisation’s efforts — the service or product that is delivered or provided to the consumer.
Productivity
Productivity is a measure of efficiency — the amount of output produced compared to the amount of input required in production.
Competitive scope
Competitive scope includes the range over which the organisation intends to compete. It may be narrow or broad.
Facilities design and layout
Fixed position layout deals with large-scale processes, such as the construction of bridges, ships, aircraft or buildings.
Product layout
A product layout deals with the manufacturing of goods in mass volume using an assembly line.
Process layout
A process layout deals with high varieties of products by grouping activities, equipment and machinery of similar function together.
Lean manufacturing
Lean manufacturing aims to eliminate waste at every stage of production. It involves analysing each stage of the production process, detecting where inefficiencies are and correcting them.
Materials management
Materials management is the strategy that manages the use, storage and delivery of materials to ensure the right amount of inputs is available when required in the operations system.
Iventory
Inventory is the goods and materials held as stock by an organisation.
Materials handling
Materials handling is the physical handling of goods in warehouses and at distribution points.