Operations Management, writing homework help

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Operations Management1

OPERATIONS MANAGEMENT
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Operations Management2

Table of Contents
Introduction………………………………………………………………………………………………………..3
Productivity definition…………………………………………………………………………………….………3
Total factor
productivity……………………………………………………………………………………………………….3
Concept of ERP and MRP……………………………………………………………………………..……………4
Enterprise Resource Planning……………………………………………………………………………….4
Material Resource Planning ………………..……………………………………………………………..5

Concept of inventory………………………………………………………………………………….…………..5
Inventory management…………………………………………………………………………………...5
ABC classifications……………………………………………………………………………………....6
Advantages of ABC classification……………………………………………….…………......7
Disadvantages of ABC classification…………………………………………………………..8
The project management life cycle…………………………………………..…………………………………….. 9
Conclusion………………………………………………………………….……………………………………9
List of references…………………………………………………………………………………………….…11

Operations Management3

Operation management
1. Introduction
In operations management, the design and control of the process of production and business
operations in the production of goods and services are a major concern. Operations management
involves the responsibility of ensuring a firm's activities and efficient through utilizations and
maximization of the resources and satisfaction of the market demands (Barnes, 2008).
Operations management is concerned with managing the operations function which is a major
organization's role just like financing, marketing, and human resource.
2. Productivity
Productivity is the measure of a person, machine, and manufacturer or organizations ability in
processing or converting inputs into useful outputs. It is the economic measure used to describe
the ratio of efficiency of production depending on the output per unit input utilized in a
manufacturing process. Inputs in a production include factors such as labor, energy, material and
financial investment/capital while outputs are the benefits or revenues and other gross domestic
products and inventories. The productivity measure is crucial in the analysis of the production
performance of a firm or the nation. It is a decisive determinant of the efficiency cost of
organizations and countries. Productivity growth helps companies to be more profitable, and
national productivity raises the living standards and people’s ability to pu...


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