1
Operations management (OM) is the set of activities that create value in the form of goods and services by __________ inputs into outputs
2
contributes about 52% of the annual increase
3
The network between a company and its suppliers to produce and distribute a specific product.
4
The process of creating goods and services to meet consumer demand.
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The standard of something as measured against other things of a similar kind; excellence.
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generates demand
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may change while the quantity of inputs and outputs remains constant
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The ability to achieve maximum productivity with minimum wasted effort or expense.
9
Production is the _________ of goods and services
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tracks how well the organization is doing, pays bills, collects the money
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The process of estimating future trends based on historical data and analysis.
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Economic activities that typically produce an intangible produc
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The goods and materials a business holds for the purpose of resale or production.
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A point of congestion in a production system that slows down the overall process.
15
The detailed coordination of complex operations involving people, facilities, and supplies.
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