Read the summary and the most important questions on CID2001 Operations Management

• 1 Operations and Productivity

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• Explain the distinction between goods and services.

  Goods refer to tangible, physical products that can be touched or seen, such as a car or a smartphone. Services, on the other hand, are intangible activities or tasks performed by individuals or organizations for the benefit of others, such as haircuts or banking services.

• What is multifactor productivity?

  Multifactor productivity is a measure of productivity that takes into account multiple inputs in relation to the output. It considers various resources, such as labor, capital, energy, materials, etc., and calculates the output generated relative to the combined input of these factors.

• What are the critical variables in enhancing productivity?

  There are several critical variables in enhancing productivity, including process improvement, technology adoption, employee training and development, efficient supply chain management, effective resource allocation, and continuous improvement initiatives.

• How is organizing done to produce goods and services?

  Organizing to produce goods and services involves determining the appropriate structure and arrangement of resources, such as personnel, equipment, materials, and technology, to ensure effective and efficient production processes. This may include activities such as job design, work scheduling, resource allocation, and capacity planning.

• Why should one study operations management?

  Studying operations management is important because it provides individuals with the knowledge and skills to effectively manage production processes, improve productivity, ensure customer satisfaction, optimize resource utilization, and streamline operations to achieve organizational goals and objectives.

• What do operations managers do?

  Operations managers have a variety of responsibilities, including planning and implementing production strategies, optimizing resource allocation, monitoring and controlling production processes, ensuring quality and efficiency, managing supply chains, and coordinating with other departments to achieve organizational objectives.

• What is the heritage of operations management?

  The heritage of operations management can be traced back to the Industrial Revolution, where the focus was on optimizing manufacturing processes and improving productivity. Over time, operations management has evolved to encompass a broader range of industries and sectors, including services and information technology.

• What are the challenges in measuring productivity?

  Measuring productivity can be challenging due to various factors, such as the complexity of production processes, the intangible nature of services, the difficulty in quantifying inputs and outputs, and the need to consider both qualitative and quantitative factors.

• What are the critical variables in the service sector's productivity?

  In the service sector, critical variables in productivity enhancement include factors such as customer satisfaction, service quality, service delivery speed, responsiveness, employee training, technology adoption, and effective service design and management.

• What is the significance of operations for goods and services?

  Operations play a crucial role in both the production of goods and the delivery of services. For goods, operations involve manufacturing, assembly, and supply chain management, ensuring timely delivery and quality control. For services, operations encompass activities such as service design, delivery, customer interaction, and service quality management.