OverviewIn this lesson, you will learn the role of operations management and the concepts of efficiency versus effectiveness, goods versus services, and what various operations managers do. A production activity will be conducted to assist you in understanding basic operational concepts (i.e., lean manufacturing, quality control, wage rate versus piece rate, total quality management, six sigma, process management, etc.). InstructionsReview the following materials:Sections 10.1–10.8 of Introduction to BusinessLinks to an external site.Sections 12.1 and 12.4 of Introduction to BusinessLinks to an external site.Answer the questions in this document:12.1 Operations Management Study Questions1. What are three factors that impact operations management?How might these factors affect the business you chose for your BIA projectsWhat would you say is the goal of supply-chain management4. In what ways does supply-chain management impact operations managementThinking back to weeks 7 & 8 and what we learned about ethics, where do ethics come into play with operations management and supply-chain management

Operation management is the aspect that deals with all the activities and functions of the…

Answered: Overview In this lesson, you will…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Overview

In this lesson, you will learn the role of operations management and the concepts of efficiency versus effectiveness, goods versus services, and what various operations managers do. A production activity will be conducted to assist you in understanding basic operational concepts (i.e., lean manufacturing, quality control, wage rate versus piece rate, total quality management, six sigma, process management, etc.).

Instructions

Review the following materials:
- Sections 10.1–10.8 of Introduction to BusinessLinks to an external site.
- Sections 12.1 and 12.4 of Introduction to BusinessLinks to an external site.
Answer the questions in this document:

12.1 Operations Management Study Questions
1. What are three factors that impact operations management?

How might these factors affect the business you chose for your BIA projects
What would you say is the goal of supply-chain management
4. In what ways does supply-chain management impact operations management
Thinking back to weeks 7 & 8 and what we learned about ethics, where do ethics
come into play with operations management and supply-chain management

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