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23 Cards in this Set

  • Front
  • Back
• Operations management-
the management of any aspect of the production system that transforms inputs into finished goods and services
• Production system-
the system that an organization uses to acquire inputs, convert the inputs into outputs and dispose of the outputs
• Operations manager-
a manager who is responsible for managing an organization’s production system and for determining where operating improvements might be made
• Responsiveness to customers-
actions take to meet the demands and needs of customers
• Efficiency-
refers to the amount of inputs required to produce a given output
• Quality-
refers to goods and services that are reliable, dependable or psychologically satisfying
• Customer relationship management-
a technique that uses IT to develop an ongoing relationship with customers to maximize the value an organization can deliver to them over time
• Best sales practices-
analyze information and then recommend ways to improve the way the sales process operates
• Total factor productivity
-looks at how well an organization utilizes all of its resources– such as labor, capital, materials or energy to produce its outputs¬– = outputs/all inputs
• Partial productivity-
measure the efficiency of an individual unit– a more specific measure of efficiency
• Labor productivity-
used to draw efficiency comparisons between different organizations– = outputs/direct labor
• Facilities layout-
the operations management technique whose goal is to design the machine¬–worker interface to increase production system efficiency
• Flexible manufacturing-
operations management techniques that attempt to reduce the setup costs associated with a production system
• Product layout-
machines are organized so that each operation needed to manufacture a product is performed as workstations arranged in a fixed sequence
• Inventory-
the stock of raw materials, inputs and component parts that an organization has on hand at a particular time
• Just-in-time inventory system-
a system in which parts or supplies arrive at an organization when they are needed, not before
• Process reengineering-
the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service and speed
• Boundaryless career-
a career that is not attached to or bound to a single organization and consists of a variety of work experiences in multiple organizations
• Establishment-
learning the ropes of one’s new job and organization
• Achievement-
making one’s mark, accomplishing something noteworthy, or making important contribution to the job or organization
• Mentor-
an experienced member of an organization who provides advice and guidance to a less experienced worker
• Career plateau-
a position from which the chances of being promoted or obtaining a more responsible job are slight
• Effective career management-
ensuring that at all levels in the organization there are well-qualified workers who can assume more responsible positions as needed