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The Nature of Operations (raising productivity levels (improve training…
The Nature of Operations
concerns
efficiency of production
quality
flexibility and innovation
factors
design of the product
efficiency with which the input resources are combined and managed
being able to convince consumers to pay more for the product than the cost of the inputs
production
converting inputs into outputs
level of production
the number of units produced during a time period
productivity
the ratio of outputs to inputs during production
raising productivity levels
improve training staff to raise skill levels
improve worker motivation
purchase more techonology advance
more efficient management
efficeincy
producing output at the highest ratio of output to input
effectiveness
meeting the objectives of the enterprise by using inputs productively to meet customer's needs
labour intensity
involving a high level of labour input compared with capital equipment
capital intensity
involving high quantity of capital equipment compared with labour input
operation process before selling goods
converting a consumer need into product that can be produced efficiently
organising operations so that production is carried out efficiently
deciding on suitable production methods
setting quality standards and checking they are maintained