Introduction to the operations function, Operation Management

Assignment Help:

Introduction to the Operations Function

Firstly, consider the economy where gross domestic product (GDP) has been subdivided into its major divisions which are agriculture, manufacturing and services. The following tables show the changes in contribution for a number of countries between 1980 and 1996 and employment projections. Note that primary, secondary and tertiary sectors refer to the evolution of activity where the first or primary activity was applied to basic needs such as food followed by manufacturing (secondary) and finally services (tertiary). 

You may wonder why we are starting here? When you are contemplating this data pause and think of the contribution of the operations function because operations is all about transforming resources including money, people, capital and resources into goods and services. GDP, in a sense, is the scorecard.


Related Discussions:- Introduction to the operations function

Explain preparation and analysis of balance sheet, Explain preparation and ...

Explain preparation and analysis of balance sheet. Preparation and Analysis of Balance Sheet: Balance Sheet is one of the significant financial statements of a company provid

Explain how to do aon in excel 2010, Does anyone know how to do aon in Exce...

Does anyone know how to do aon in Excel 2010 and if so can they contact me and wlk me through it sso that I can understand it

Explain strategic operational competitive position, A major competitive dim...

A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following? Cost or price Focus Automatio

What are the inter-connect factors introduced by cousins, Q. What are the i...

Q. What are the inter-connect factors introduced by Cousins? Cousins introduced the following inter-connected factors to strategically affect supply chain management. The '

Calculate the optimum order quantity, 1. The annual demand for a product is...

1. The annual demand for a product is 8,000 units. The order cost is $30 for a single order. The cost of the item is $10 and the holding cost has been calculated at $3 to carry one

Explain don''t all firms use similar approaches, Given the success enjoyed ...

Given the success enjoyed by Southwest, Whole Foods, and Google, why don't all firms use similar approaches to managing their employees?

Explain organizational structure of your ideal work location, Tell me what ...

Tell me what the organizational structure of your (Ideal) work location would look like, using the terminology of this chapter 17. Use terms like mechanistic, organic, open, closed

Explain how compensation information is tracked, 1) An organization followi...

1) An organization following a differentiation strategy would most likely offer a compensation mix which was made up of: a. performance bonus. b. comprehensive benefits. c

Define what would the average inventory be for this lot size, A chemical fi...

A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 30 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100

Write Your Message!

Captcha
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