Operations Management, Binder Ready Version: An Integrated Approach
Operations Management, Binder Ready Version: An Integrated Approach
6th Edition
ISBN: 9781118952610
Author: R. Dan Reid, Nada R. Sanders
Publisher: WILEY
Question
Book Icon
Chapter 1, Problem 1DQ
Summary Introduction

Interpretation:The term operations management is to be defined.

Concept Introduction:

Operations management is where the overall business administration happens. In simple terms its conversion of input into a valued output. Its inputs are materials and laborswas which are transformed into goods and services.

Expert Solution & Answer
Check Mark

Explanation of Solution

Operations management was called production management previously and it was in manufacturing where it originated.

It was only in the 18th century that it became an integral part of the business and much research and new concepts were established. Later in the ’90s, it was a separate discipline and concepts like production management, inventory management was introduced.

Some of important objectives of Operation management are Customer service and resource utilization.

In today's business scenario customer satisfaction plays a vital role in any product or service to succeed. So the objective here to provide the best service and product at the right time in the right place.

Without proper resource utilization no business can succeed, so operation management's objective is the optimal utilization of the resource and maximizes the overall operating profit of the organization.

Some of the scopes of operation management are Quality control, Location od facilities, Product design, material management etc.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Agree or disagree with post On the surface, the numbers in financial statements do present a snapshot of a company's financial position and performance. However, just looking at the raw numbers often doesn't tell the whole story or reveal underlying trends and relationships that are crucial for making informed decisions. Think of it like looking at individual pieces of a puzzle. Each number is a piece, providing some information. But to see the complete picture – the company's overall financial health, its performance over time, how it compares to its peers, and its potential future – you need to assemble those pieces using different analytical tools.  For example: Horizontal analysis helps us understand how specific financial statement items have changed over multiple periods. Is revenue growing? Are expenses increasing at a faster rate than sales? This reveals trends that a single year's numbers wouldn't show. Vertical analysis allows us to see the relative size of each item within…
What can you do in response to an insulting offer?
Agree or disagree with post  If someone hits you with an insulting offer, the first thing to do is not take it personally. It’s normal to feel a little offended, but blowing up or shutting down won’t help your case. Better move is to stay calm and treat it like a misunderstanding or just the first step in the conversation. That way, you keep things respectful but still let them know the offer doesn’t sit right with you. It also helps to back up your response with facts. Bring in things like your experience, numbers, or any specific results you delivered. That can shift the conversation away from feelings and toward the value you bring. Agree or disagree with post
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L