operations management

the economic contributions of operations management

• job creation

• improved quality of life

• GDP growth

• competitiveness

the social contributions of operations management

• energy efficiency

• access to essential services

• environmental sustainability

• improved quality of life

the environmental contributions of operations management

• reduced waste

• energy efficiency

• data driven

• sustainable supply chains

what is organizational agility

• is about making sure that everything is running smoothly

• the ability of a company to adapt to external and internal changes. Rapidly meet customer demands and expectations

• a way to turn your idea into a competitive good or services

• rearrange something into an altered form

what are the examples of operations management

• production planning

• supply chain management

• data driven

• manufacturing

what is the definition of effectiveness

• refers to the degree to which an organization uses resources (such as time, money, and materials) to achieve its objectives

• refers to the raio of output to input, measuring how efficiently an organization converts resources into good and services

• refers to the degree to which an organization achieves its desired outcones and objectives

• refers to the time it takes for a product or service to move through a process or system, from the initial request or order of delivery

what is the definition of efficiently

• refers to the time it takes for a product or service to move through a process or system, from the initial request or order of delivery

• refers to the degree to which an organization uses resources (such as time, money, and materials) to achieve

• refers to the ration of output to input, measuring how efficiently an organization converts resources into goods or services

• refers to the degree to which an organization achieves its desired outcomes and objectives

what is the definition of lead time

• refers to the ratio of output to input, measuring how efficiently and organization converts resources into good and services

• refers to the degree to which an organization achieves its desired outcomes and objectives

• refers to the time it takes for a product or service to move through a process or system, from the initial request or order of delivery

• refers to the degree to which an organization uses resources (such as time, money, and materials) to achieve its objectives

what is the definition of productivity

• refers to the degree to which an organization achieves its desired outcomes

• refers to the degree to which an organization uses its resources (such as time, money, and materials) to achieve its objectives

• refers to the time it takes for a product or service to move through a process or system, from the initial request or order of delivery

• refers to the ration of output to input, measuring how efficiently an organization converts resources into goods or services

what are the main elements of lead time

• processing time

• waiting time

• transportation time

• set up time

• testing time