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Assignment 1

The document discusses operations management and the supply chain. It describes the three major functional areas of business as operations, finance, and marketing. It explains that operations is focused on creating goods and services, finance provides necessary funds, and marketing promotes and sells goods and services. The operations function manages all production activities and adds value through transformation processes. The document lists differences between goods production and service operations management and discusses why manufacturing and services are important. It also asks about models and the differences between goods and services.

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Betheemae R. Matarlo
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92 views

Assignment 1

The document discusses operations management and the supply chain. It describes the three major functional areas of business as operations, finance, and marketing. It explains that operations is focused on creating goods and services, finance provides necessary funds, and marketing promotes and sells goods and services. The operations function manages all production activities and adds value through transformation processes. The document lists differences between goods production and service operations management and discusses why manufacturing and services are important. It also asks about models and the differences between goods and services.

Uploaded by

Betheemae R. Matarlo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

Briefly describe the terms operations management and supply chain

2. Identify the three major functional areas of business organization


and briefly describe how they interrelate.

Finance, marketing and operations. he three primary functions are


operations, finance, and marketing. Operations is concerned with the
creation of goods and services, finance is concerned with provision
of funds necessary for operation, and marketing is concerned with
promoting and/or selling goods or services.

3. Describe the operations function and the nature of the operations


manager’s job.

The operations function consists of all activities that are directly


related to producing goods or providing services. It is the core of
most business organization because it is responsible for creation of
an organization’s goods or services. Its essence is to add value
during the transformation process (the difference between the cost of
inputs and value and price of outputs).

4. List five important differences between goods production and service


operations management:

a. Industrial Revolution
b. Scientific management
c. Interchangeable parts
d. Division of labor

5. Why are services important? Why is manufacturing important? What


are non-manufactured goods
Manufacturing is important in that it supplies a large proportion
ofexports and many service jobs are dependent on manufacturing
becausethey support manufacturing.

6. What are model and why are they important?


7. Discuss between goods versus services (purely service and purely
goods

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