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Lecture Operations management: Chapter 1 - William J. Stevenson

Chapter 1 - Introduction to operations management. In this chapter you should be able to: Define the terms operations management and supply chain, identify similarities and differences between production and service operations, explain the importance of learning about operations management,. | Introduction to Operations Management Chapter 1 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. You should be able to: LO 1.1 Define the terms operations management and supply chain LO 1.2 Identify similarities and differences between production and service operations LO 1.3 Explain the importance of learning about operations management LO 1.4 Identify the three major functional areas of organizations and explain how they interrelate LO 1.5 Summarize the two major aspects of process management LO 1.6 Describe the operations function and the nature of the operations manager’s job LO 1.7 Explain the key aspects of operations management decision making LO 1.8 Briefly describe the historical evolution of operations management LO 1.9 Describe the current issues in business that impact operations management LO 1.10 Explain the need to manage the supply chain Chapter 1: Learning . | Introduction to Operations Management Chapter 1 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. You should be able to: LO 1.1 Define the terms operations management and supply chain LO 1.2 Identify similarities and differences between production and service operations LO 1.3 Explain the importance of learning about operations management LO 1.4 Identify the three major functional areas of organizations and explain how they interrelate LO 1.5 Summarize the two major aspects of process management LO 1.6 Describe the operations function and the nature of the operations manager’s job LO 1.7 Explain the key aspects of operations management decision making LO 1.8 Briefly describe the historical evolution of operations management LO 1.9 Describe the current issues in business that impact operations management LO 1.10 Explain the need to manage the supply chain Chapter 1: Learning Objectives Operations Management What is operations? The part of a business organization that is responsible for producing goods or services How can we define operations management? The management of systems or processes that create goods and/or provide services LO 1.1 Supply Chain Suppliers’ suppliers Direct suppliers Producer Distributor Final Customers Supply Chain – a sequence of activities and organizations involved in producing and delivering a good or service LO 1.1 Automobile Assembly, Steelmaking Products are typically neither purely service- or purely goods-based. Goods Services Home Remodeling, Retail Sales Computer Repair, Restaurant Meal Songwriting, Software Development Surgery, Teaching Goods-service Continuum LO 1.2 Every aspect of business affects or is affected by operations Many service jobs are closely related to operations Financial services Marketing services Accounting services Information services Through learning about operations and supply chains you will have a better