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Managing operations - Coggle Diagram
Managing operations
Value chain management
What is
Value chain: the entire series of organizational work activities that add value at each step from raw materials to finisihed product
Value chain management: the process of managing the sequence of activities and iformation along the entire value chain
Value: the performance characteristics, features, and attributes, and any other aspects of goods and services for which customers are willing to give up resources
Goal
the goal is to create a value chain strategy that meets and exceeds customers needs and desires and allows for full and seamless integration among all members of chain.
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Operations management
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Today, successful organizations recognize the crucial role that operations management plays as part of the overall organizational strategy to establish and maintain global leadership.
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Managing productivity
Productivity
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the overall output of goods or services produced divided by the inputs needed to generated that output
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