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    OPERATIONS MANAGEMENT reviewer

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    DecadeDuos

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    © All Rights Reserved
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    OPERATIONS MANAGEMENT reviewer

    Uploaded by

    DecadeDuos
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    6 views2 pages

    OPERATIONS MANAGEMENT reviewer

    Uploaded by

    DecadeDuos

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    OPERATIONS MANAGEMENT

    Operations management -is commonly defined as the administration of


    the processes used in the production of goods and services

    Agricultural revolution -It is the precursor of the Industrial Revolution

    1770s -Industrial Revolution began in the_______ in England

    James Watt -steam engine, made practical around 1764

    scientific-management era -brought widespread changes to the


    management of factories

    Frederick Winslow Taylor -father of scientific management, believed in a


    science of management based on observation, measurement, analysis and
    improvement of work methods

    Human relations movement -gave importance to employee motivation


    added to the knowledge of improving productivity in production of products

    INDUSTRIAL REVOLUTION

    Henry Ford -an American industrialist, business magnate, founder of the Ford
    Motor Company, and chief developer of the assembly line technique of mass
    production, created ford model T

    Eli Whitney -Father of American Technology, an inventor, widely known for


    inventing the cotton gin, apply patent

    Interchangeable parts -are parts (components) that are, for practical


    purposes, identical

    Moving assembly line -A mechanical process that adds parts to an object as


    it is moved through a system

    coal -is the catalyst of the first industrial revolution

    electricity -is the catalyst of the second industrial revolution

    digital electronic -is the catalyst of the third industrial revolution

    computers & artificial

    intelligence -is the catalyst of the fourth industrial revolution

    computer integrated
    manufacturing -system are controlled by the computer are used for
    communication, storage, management,

    Operations management involves:

    1. forecasting

    2. product design

    3. capacity management

    4. process selection

    5. facility layout

    6. inventory management

    7. location

    8. scheduling

    9. quality management

    Demand forecasting -is an educated prediction of the market’s need or


    want for a product

    -is needed to produce the right quantities of products at a


    given time to maximize the profits of the company (answer sa
    prelim)

    DEMAND FORECASTING TWO APPROACHES

    Qualitative methods -consists of subjective inputs

    Quantitative methods -involves either the extension of historical data or


    development of associative models

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