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1. production __ function presentation MBA 4 sem
- 1. Operations It is a process of changing inputs into output with the creation or adding value to some entity.
- 2. Operations The step by step conversion of one form of material into another form to create or enhance the utility of the product/service to the users. It is the value addition process Conversion can be done through: disintegration integration services combination
- 3. Operation system INPUT PROCESSING OUTPUT Material Money PRODUCT/ Manpower SERVICE Machine Knowledge
- 4. Operation Management • It is design, operation and improvement of production system that creates firms primary product and services. • It deals with the decision making related to production process. So that the resulting goods and services are produced as per the desired quality, quantity at right time.
- 5. Objectives of operation management • Right Quality • Right Quantity • Right Time • Right Manufacturing Cost
- 6. Key Decisions of Operations Managers • What What resources/what amounts • When Needed/scheduled/ordered • Where Work to be done • How Designed • Who
- 7. Responsibilities of Operations Management Products & services Planning – Capacity – Location – – Make or buy – Layout – Projects – Scheduling Controlling/Improving – Inventory – Quality Organizing – Degree of centralization – Process selection Staffing – Hiring/laying off – Use of Overtime Directing – Incentive plans – Issuance of work orders – Job assignments – Costs – Productivity