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    Chapter 1-Introduction To Engineering Management (Part-1) - Fall 22

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    Mirza Tanvir Mahmud
    This document is an introduction to engineering management that discusses business operations. It defines business as the activity of making, buying, or selling goods or providing services in exchange for money. Not all businesses aim to make a profit, as some are non-profit. The document then describes business operations as the process that combines resources into value-added products or services according to organizational policies. This includes both manufacturing and service operations. Finally, it briefly introduces Porter's value chain model and asks the reader to apply it to analyze the inbound logistics, operations, and outbound logistics of a manufacturing organization in their country.

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    Chapter 1-Introduction To Engineering Management (Part-1) - Fall 22

    Uploaded by

    Mirza Tanvir Mahmud
    12 views12 pages
    This document is an introduction to engineering management that discusses business operations. It defines business as the activity of making, buying, or selling goods or providing services in exchange for money. Not all businesses aim to make a profit, as some are non-profit. The document then describes business operations as the process that combines resources into value-added products or services according to organizational policies. This includes both manufacturing and service operations. Finally, it briefly introduces Porter's value chain model and asks the reader to apply it to analyze the inbound logistics, operations, and outbound logistics of a manufacturing organization in their country.

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    Chapter 1-Introduction to Engineering Management (Part-1)_Fall 22

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    This document is an introduction to engineering management that discusses business operations. It defines business as the activity of making, buying, or selling goods or providing services in exchange for money. Not all businesses aim to make a profit, as some are non-profit. The document then describes business operations as the process that combines resources into value-added products or services according to organizational policies. This includes both manufacturing and service operations. Finally, it briefly introduces Porter's value chain model and asks the reader to apply it to analyze the inbound logistics, operations, and outbound logistics of a manufacturing organization in their country.

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    © All Rights Reserved
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    12 views12 pages

    Chapter 1-Introduction To Engineering Management (Part-1) - Fall 22

    Uploaded by

    Mirza Tanvir Mahmud
    This document is an introduction to engineering management that discusses business operations. It defines business as the activity of making, buying, or selling goods or providing services in exchange for money. Not all businesses aim to make a profit, as some are non-profit. The document then describes business operations as the process that combines resources into value-added products or services according to organizational policies. This includes both manufacturing and service operations. Finally, it briefly introduces Porter's value chain model and asks the reader to apply it to analyze the inbound logistics, operations, and outbound logistics of a manufacturing organization in their country.

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    of 12

    CHAPTER-1

    INTRODUCTION TO ENGINEERING
    MANAGEMENT
    DR. MD. TAMZIDUL ISLAM
    WHAT IS BUSINESS?

    The activity of making, buying, or


    selling goods or providing services in
    exchange for money

    Dr. Tamzid
    DOES EVERY BUSINESS MAKE
    MONEY??

    Profit or Not-for-profit

    Dr. Tamzid
    Dr. Tamzid
    Dr. Tamzid
    Dr. Tamzid
    PROCESS VIEW OF BUSINESS
    OPERATION

    Dr. Tamzid
    DEFINING BUSINESS OPERATION

    • Business Operations is the process, which combines and


    transforms various resources used in the
    production/operations subsystem of the organization
    into value added product/services in a controlled
    manner as per the policies of the organization.

    • The set of interrelated management activities, which are


    involved in manufacturing/delivering certain
    products/services.

    Dr. Tamzid
    SCOPE OF BUSINESS OPERATION

    Manufacturing Service

    Dr. Tamzid
    PORTER’S VALUE CHAIN MODEL

    Change in FORM Change in LOCATIONS

    Dr. Tamzid
    QUICK EXERCISE:

    THINK OF A MANUFACTURING
    ORGANIZATION IN YOUR COUNTRY AND
    TRY TO IDENTIFY INBOUND LOG,
    OPERATIONS, OUTBOUND LOG IN LIGHT OF
    PORTER’S VALUE CHAIN MODEL.
    Dr. Tamzid
    Dr. Tamzid

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