GMS 401 Study Guide - Midterm Guide: Manufacturing Engineering, Financial Statement

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Fatemeh Firouzi

Document Summary

Product design: designers create goods and services from information given to them by marketing people and provide product specifications to operations to make the products. Maintenance: responsible for the upkeep and repair of equipment, buildings and grounds, and heating and air-conditioning, removing wastes; parking and perhaps security. Management information system: concerned with providing management with the information it needs to effectively manage. Logistics: involves the transportation of raw material to the plant; storage and warehousing, and transportation of goods to warehouses, retail outlets or final customers. Personnel: concerned with recruiting and training of personnel, labour relations, contact negotiation, wage and salary administration and ensuring the health and safety of employees. Accounting: supplies information to management on costs of labour, materials, and overhead, and provides reports on items such as crap, downtime, and inventories. Purchasing: has responsibility for procurement of materials, supplies, equipment, and services. Manufacturing engineering: responsible for the machines and equipment needed in the production process.