Unit 5.1 Flashcards
Define operations management
The management of business resources (inputs, e.g. land, labour and capital)
Operations management relationship to other business functions
Marketing
Quality and packaging
Standardized production or custom-made
HRM
Mass production may lead to layoffs/redundancies
Amount of training/skill required
Motivation
Finance
Capital intensive machinery requires initial investment
Labour intensive requires salaries, bonuses etc
Operations management practices for sustainability
Ecological Sustainability
Natural environment sustainability
Green technologies, Recycling, Producing green products
Social Sustainability
Optimizing quality of life for us and our children
Health & Safety in the workplace, Factories in areas of high unemployment, CSR
Economic Sustainability
Providing the G&S for now and the future
Increasing productivity
R & D