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

Production volume of bushings as well bearings are the same, 1. A powder me...

1. A powder metal (PM) manufacturing line produces bushing in three steps, compaction, sinter-harden, and rough/O?nish turn, which are accomplished at three single machine stations

Explain baggage check-in of a small airline, From "Matching Supply with Dem...

From "Matching Supply with Demand" - Cachon/Terwiesch Consider the baggage check-in of a small airline. Check in data indicate that from 9am to 10am, 255 passengers checked in.

Explain how would you use six sigma in your work environment, How would you...

How would you use Six Sigma in your work environment?

Explain the various risks and the affected stakeholders, Minnie Lee is an e...

Minnie Lee is an engineer with a multi-national aerospace company that produces fuel-line components for all types of air and space craft. Minnie discovered a potential defect in a

Calculate the mean absolute deviation, Since May of 2005, the purchase mana...

Since May of 2005, the purchase manager at a department store has been using a 4-period moving average to forecast sales in upcoming months. Sales data for the months of January th

Compute a simple exponential smoothing forecast, The actual demand of the p...

The actual demand of the patients at Omaha Emergency Medical clinic for the first six weeks of the year are as follows: week Actual # of patients 1 65 2 62 3 70 4 48 5 63 6

Calculate the standard production, Calculate the standard production  per s...

Calculate the standard production  per shift  of 8 hours duration  with the followings data: Observed time  per unit 5 minutes  Rating  factor 120 %  Total allowances 33.3

Illustrate your discussion using a service organisation, Question 1: "Y...

Question 1: "Yield management guides the decision of how to allocate undifferentiated units of capacity to available demand in such a way as to maximize profit or revenue." Cri

Explain efficiently report of schedule of a project, Illustrate how to effe...

Illustrate how to effectively and efficiently report on the schedule of a project to the different stakeholder groups. Show calculations and provide rationale for each strategy.

Competitive advantage of t and d for organizations, Go online and research ...

Go online and research the future trends relative to the field of T & D. Consider researching professional organizations such as SHRM or ASTD. What predictions do you find? Where d

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