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

What are the advantages of using single sourcing strategies, What are the a...

What are the advantages of using single sourcing strategies? Advantages of using Single sourcing: a. Simple to keep relations along with only one supplier b. Simple to

Disadvantages, what are the disadvantages of operation management?..

what are the disadvantages of operation management?..

Sample mean chart - control charts for variables, Sample Mean Chart - Contr...

Sample Mean Chart - Control Charts for Variables This figure depicts a typical means chart, on which sample means would be progressively plotted, left to right. Two sets of c

Explain strategic alignment, Strategic Alignment Please respond to the foll...

Strategic Alignment Please respond to the following- Considering your current job (or one you hope to have in the future), discuss the best way to link your job performance to t

Explain what is its current yield, Consider a $1,000 par value, 7% annual c...

Consider a $1,000 par value, 7% annual coupon bond. The bond matures in 9 years. Assuming the bonds required return is 10%, what is its current yield? (Semi-annually compounding)

The transformation process model and systems thinkin, #qu1) Using the trans...

#qu1) Using the transformation process model and systems thinking concepts, explain the key operations TGL works. Pay particular attention to flow of materials and the role played

Explain company policy on grounds of adultery, Company vice-president, acti...

Company vice-president, acting with what he thought to be company policy, fired a manager (Dean) that had filed for divorce and moved in with a female co-worker. He was fired on gr

Explain successful multichannel strategy, Assess the extent to which Staple...

Assess the extent to which Staples has developed a successful multichannel strategy. What factors have contributed to its success?

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