Chapter 1: Introduction to Operations Management 1 (original) (raw)

Operations refer to the part of an organization that is responsible for producing goods and/or services. Goods are physical items inclusive of raw materials, parts, subassemblies such as the engine system used in a car, and final products such as computers and machineries. Services are activities that provide a combination of time, location form, and psychological value. There are examples of these goods and services all around you. INTENDED LEARNING OUTCOMES: 1. Define the term operations management 2. Identify the three major functional areas of organizations and describe how they interrelate 3. Identify similarities and differences between production and service operations 4. Describe the operations function and the nature of the operations manager's job 5. Summarize the two major aspects of process management 6. Explain the key aspects of operations management decision making 7. Briefly describe the historical evolution of operations management 8. Characterize current trends in business that impact operations management Basic Functions of the Business Organization Organization Marketing-responsible for assessing consumer needs and wants, and selling and promoting the organization's goods or services. Operations-responsible for producing the goods or providing the services offered by the organization. Finance-responsible for securing financial resources at favorable prices and allocating those resources throughout the organization, as well as budgeting, analyzing investment proposals, and providing funds for operations.

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Aspects of Operations Management of Services

Nedyalkov, A. (2010). Aspects of Operations Management of Services, Annals of "Eftimie Murgu" University of Resita, Fascicle II - Economic Studies, No 5, pp. 270-279, ISSN 1584-0972., 2010