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| OPERATIONS MANAGEMENT CONCEPTS |
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| PENN STATE |
| This Web page describes operations management concepts and links to relevant, informative sites |
| Operations Management |
| Operations Management is the set of Activities that creates goods and services through the transformation of inputs into outputs. Whether the end product is a good or service, the production activities that go on in the organization are often referred to as operations or operations management. The management process consists of planning, organizing, staffing, leading, and controlling. How do we provide a reasonable work environment? How can the operations management function contribute to organization objectives? These are the questions that lead us on our quest to awareness. |
| Decisions |
| Bad decisions can often be traced back to the way the decision was made in the first place. The alternatives were not clearly defined, the right information was not collected, and the costs and benefits were not accurately weighed. But sometimes the fault isn't in the decision making process but rather in the mind of the decision maker. More often than not we as decision makers can interfere with the choices we make. A number of traps can affect the way we make our business decisions. The status quo sways us toward maintaining the current situation even when better alternatives exist. Traps can easily occur when we misstate a problem, undermining the entire decision-making process. Or which makes us overestimate the accuracy of our forecasts. And the trap leads us to give undue weight to recent, dramatic events. The best way to avoid all the traps is awareness. Taking action to ensure that our decisions are sound and reliable. Hopefully this Web site will begin the quest for a new awareness. |
| Inventory Management |
| How much to order. When to order. How to control and monitor your stock system. The tracking of fixed assets and inventory levels. Projecting when the product may be available. Issuring the lowest delivered cost to the customer. Insuring that the product gets to the customer when it is committed. These are supply chain issues. Since these issues are vital to your customers they are vital to your company. It basically goes along with that the planning organization needs the analytic tools and skills to understand how to do the best with the current resources and which additional changes would provide the greatest value in response to success. The most important analyses are scheduling capability; sourcing optimization and coordination with production. http://hepg.awl.com/kr/om5/ Resources that support Operations Management http://members.tripod.com/~wwwtomi/index.html http://hepg.awl.com/kr/om5/ http://sol.brunel.ac.uk/~jarvis/bola/operations/index.html |
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