COMMERCE 2OC3 Study Guide - Midterm Guide: Work Breakdown Structure, George Brown College, Gantt Chart
13 Apr 2016
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Document Summary
Operaions management is the set of aciviies that create value in the form of goods and services by transforming inputs into outputs. Two important parts, irst chaning input to output and second the output is in the form of both service and goods. Essenial funcions: markeing: generates demand, producion/operaions: creates the product, finance/accouning: tracks how well the organizaion is doing, pay bills, collects. Although it is not simple, if it is not done properly it may cause bankrupion. Operaions is the technical core of the organizaion. China is the only industrialized country who"s manufacturing is higher than their services provided. Producion has become more eicient, and therefor we can produce more without as much employment. Healthcare (12%) contains a large percentage of all jobs in canada compared to many countries. Producivity is the raio of outputs divided by the inputs. Important note, producion is a measure of output only and not a measure of eiciency.
