Definition of production system and operations management

Assignment Help Project Management
Reference no: EM1343279

Definition of Production System and Operations Management

Define a production system. How does the concept of a production system help in the understanding of OM?
Production systems are the subsystems found within manufacturing. This includes everything needed to design, make, and distribute a good. So basically, production systems involve everything from the beginning stages of designing a product, all the way to the finished good.

By understanding what a production system is for a company it allows people to know what all goes into OM. Operations management oversees all of the production systems and then is also in charge of implementing the company's business strategy. You can understand what OM means, but to understand what they are all in charge of, you must understand what production systems all incorporate. Therefore, understanding everything about a production system will help you understand what operations management is in charge of and what they must make sure is running smoothly.

What are you thoughts on this passage?

Reference no: EM1343279

Questions Cloud

Expectations theory : Disclose what the book suggests once the short-term rate is much cheaper than the long-term in interest rate. Substantiate whether or not that is a normal occurrence or a cause for alarm.
Explain about pert and cpm : Important information about PERT and CPM - In what situations should the PERT estimation technique be used?
Change operation strategy for companies : Continually Changing Operation Strategy for Companies - Why does the "proper" operation strategy keep changing for companies that are world-class competitors?
Biology questions set : Cytopathic and non-cytopathic viruses elicit very different immune responses. The primary determining factor in the type of immune response to a viral infection is which of the following (select one)?Answer
Definition of production system and operations management : Definition of Production System and Operations Management - Define a production system and how does the concept of a production system help in the understanding of OM?
Compute breakeven cash inflows for etsitty arts : Compute Breakeven cash inflows for Etsitty Arts, Incs new project - How would the minimum yearly cash inflow change if the company required a 10% return on its investment?
Accounting project-financial analysis and real life decision : Ideas for situation that would fit this type of analysis other than those already provided
Prepare and distribute meeting notes : Prepare and distribute meeting notes from Friday's developers check-in meeting and route initial comps to the client for a launch due today
Scheduling and project management of dell : Scheduling and Project Management of Dell - What are the difficulties or limitations for implementing PERT and CRM in Dell

Reviews

Write a Review

Project Management Questions & Answers

  Computing the internal rate of return for project

Compute the internal rate of return for each project.

  Contingency planning and risk identification

Explain how does risk identification help with project contingency planning and give an example of a specific contingency plan

  Explain the six methods for estimating task duration

Explain the six methods for estimating task duration and show how each method affects the accuracy of task duration estimates.

  Paper about southwest airlines organizational culture

Prepare a paper about Southwest Airlines organizational culture, the role that cost accounting plays as par to of that culture and the cost accountants potential impact on that culture.

  First step in the project management cycle

What is the first step in the project management "cycle"?

  Describing ethical considerations and ethical guidelines

Describe the ethical considerations that will factor into your discussion with coworkers and the CEO of whether to utilize the executive recruiter's services. Describe the ethical guidelines you will provide to the executive recruiter if your organ..

  Computing annual setup costs without holding cost

The production order quantity for this problem is approximately 612 units. The annual setup costs for this problem are approximately: Holding cost info is not provided with this question, it asks to solve the question without it.

  Calculating vac-cpi-svp and eac of project

The progress report of a project contains the following data about the project costs:BCWS = $ 46,500. Calculate SPI, EAC and VAC.

  Important issue facing private security

What do you believe the most important issue facing private security today is?

  Effort needed for the six levels of quality

Compare the effort needed for the six levels of quality of an automobile to a toothbrush OR SOME OTHER SIMPLE ITEM. You can choose running shoes, ink pen, sun glasses, or any relatively simple product.

  Stakeholders and accounting ethics

Mike Singletary, president of Singletary industries, wishes to issue a press release to bolster his company's image and maybe even its stock price which has been gradually falling. Who are the stakeholders in this situation?

  Estimate the minimum price the owner

Using a tax rate of 34 percent, estimate the minimum price the owner of the division should consider for its sale. What is the maximum price the acquirer should be willing to pay?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd