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Lecture 01-20141129
Lecture 01-20141129
MANAGEMENT
Course Objectives
Learning operational management techniques that could
be applied to real world problems
understand the strategic role of operations management
in creating and enhancing a firms competitive
advantages
understand key concepts and issues of OM in both
manufacturing and service organizations
apply analytical skills and problem-solving tools to the
analysis of the operations problems
letting students apply the relevant operations
management technique to the correct situation
letting students understand operational management
results and draw the correct conclusion from them
2
Reference Material
Operations Research: An Introduction by
Hamdy A. Taha
Online search
3
Course Plan and
Requirements
Lectures
Assignments
Quizzes
Hourly
Lecture 1
What is Management?
What is Operations?
Operations consists of activities related
to the production of goods and services.
Goods Oriented Operations consists of
manufacturing and assembly operations
Service Oriented Operations consists of,
health care, transportation, Education,
retailing etc.
Operations as core function
Value added
Inputs
Transformation/ Outputs
Land
Conversion Goods
Labor
process Services
Capital
Feedback
Control
Feedback Feedback
Food Processor
Organization
Purchasing Personnel
Accounting
What Is Operations
Management?
Operations management (OM) is the area
of management which is concerned with
administration of business practices
especially overseeing, designing and
controlling the process of production set
of activities that creates value in the form
of goods and services by transforming
inputs into outputs with maximum level of
efficiency ensuring profitability for the
organization
Nomenclature
Production Management
Production and Operations Management
(POMA)
Operations Management
Operations Research (Interdisciplinary Subject)
Grey Areas
Operations Research