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Operations Notes

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Detailed notes about the topic of operations. includes many diagrams and information

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23 Pages Partial Study Notes > 2 Years old
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Topics this document covers:
Management Outsourcing Manufacturing Supply chain management Marketing Operations management Inventory Business process Supply chain Logistics Quality management Quality Business process outsourcing
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Management Outsourcing Manufacturing Supply chain management Marketing Operations management Inventory Business process Supply chain Logistics Quality management Quality Business process outsourcing
Sample Text:
• Transformation is the conversion of inputs (resources) into outputs (goods and services) • Value adding is the creation of extra or added value as inputs are created into outputs • Operations and customer choice: Operations are focused on the customers as many tend to value businesses that are seen to be doing the right thing. o Minimising waste (lean production-eliminate waste at every stage) o Reflect fair value for any labour used in processes o Operate at low cost so as to maximise affordability o Operations processes adjust to shifting needs of consumers Strategic role of operations management • A strategic decision is one that affects the business in the long term. The strategic goals are to improve productivity, efficiency (management of cost) and quality of outputs. • All strategic decisions will focus on lower costs to a...
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