a function or system that transforms inputs into outputs of greater value What is a Transformation Process? The difference between operational & strategic management. Authors Mary Drane and Hamid Faramarzi Editor Karla Murtescu Reviewer Samantha Wan License. Operations management 919 slides presentation. Introduction to inventory management. In fact, it’s estimated that companies paid management consultants over $138 billion for management advice last year.2 Clearly, companies are looking for help with basic management issues, like how to Therefore, operations management often includes substantial measurement and analysis of internal processes. • Goods are physical items that include raw materials, parts, subassemblies such as motherboards that go into computers, and final products such as cell phones and automobiles. Operation Management Concepts ... Operation Management 2/JNU OLE 1.1 Introduction Operation is that part of as organisation, which is concerned with the transformation of a range of inputs into the required output (services) having the requisite quality level. Trends Impacting Operations Management From To Massification Relatively simple task process Long delivery cycles (people can wait) Loyal employees (want to be let) Functional hierarchical, self-contained units Customization Complex, High-Tech Operations Short delivery cycles (time is money) Empowered employees (value-driven) Complex, cross-functional, matrix (networked) organizations 1.1 Introduction • 'Operations Management' is the term often used with production management; therefore it is useful to understand the nature of operations management • Operations are useful actions or activities which are done methodically as part of plan of work by a process that is designed to achieve the pre-decided objectives. 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