33:011:100 Chapter Notes - Chapter 10: Iso 14000, Gantt Chart, Production Planning

• School: Rutgers University
• Department: Administrative Studies
• Course: 33:011:100
• Professor: Professor Reaves

Document Summary

Production: use of resources, such as workers and machinery, to convert material into finished goods and services. Production and operation management: oversee the production process by managing people and machinery in converting materials and resources into finished goods and services. Production is a vital business activity and function necessary for generating money to pay employees, lenders, and stockholders. Also for non-profit organizations because the goods and service they offer justify their existence. Effective production and operation managers can: o. Lower firm"s production cost: boost the quality of goods and services, allow it to respond dependably to customer demands, enable it to renew itself by providing new products. It is a system of producing products in large quantities by combining employees with specialized skills, mechanization, and standardization. Mass production offers companies the ability to make outputs (products) available in larger quantities at lower prices than individually crafted items would cost.