BUS-1202 Lecture Notes - Lecture 10: Production And Operations Management, Operations Management, Production Control
29 Apr 2020
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10. 1 - explain the strategic importance of the production function. 10. 2 - identify and describe the four main categories of production processes. 10. 3 - explain the role of technology in the production process. 10. 4 - identify the factors involved in a plant location decision. 10. 5 - explain the major tasks of production and operations managers. 10. 5 - outline the three activities involved in carrying out the production plan. 10. 6 - identify the steps in the production control process. 10. 7 - discuss the importance of quality control. Utility is the satisfying want power of a good or service. Businesses can create or improve four basic kinds of utility. (1) time utility is making a good or service available when customers want to purchase it. (2) place utility is making a product available in a location convenient for customers. (3) ownership utility is the organized transfer of goods or services from the seller to the buyer.
