GMS 401 Chapter Notes - Chapter 1: Outsourcing, International Standard Book Number, Operations Management

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Payman Ahi

Document Summary

Gms 401 - lecture 1: the challenge of operations management. The set of activities that creates value in the form of goods and services by transforming inputs into outputs. Activities creating goods and services take place in all organizations. In manufacturing rms, the production activities that create goods are usually quite obvious. Generates demand (at least takes the order for product or service) Tracks how well the organization is doing. *you can implement this to any business with the use of basic knowledge of the company* To learn how people organize themselves for product enterprise. Om is one of the 3 major functions of any organization. It is integrally related to all the other business functions. Market (sell), nance (account), and produce (operate) To learn how goods and services are produced. A large number of jobs are done in the om function. The production function is the segment of our society that creates the products and services we use.