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7 Cards in this Set
- Front
- Back
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The operations system |
refers to the series of procedures and processes an organisation undertakes in order to create its outputs of finished goods and services through the transformation of inputs. |
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Business competitiveness |
Business competitiveness refers to the ability of an organisation to sell products in a market. Increase in productivity = Increase in business competitiveness. |
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Productivity |
Productivity is a measure of efficiency – the level of output obtained from a set level of input. Productivity = Outputs ÷ Inputs |
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Inputs |
Inputs are resources such as raw materials, labour and equipment that are used in the process of production |
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transformation |
The transformation process is the process involved in converting inputs into finished outputs. |
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Outputs |
Outputs are the final product, or the result of the transformation process that is delivered or provided to the consumer. |
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There are 7 categories of inputs: |
Raw materials, Equipment (Machinery), Labour (People), Time, Information & Knowledge,Money and Technology. |
