An operations and supply chain management view of capacity emphasizes the time dimension of capacity. Show Three time horizons are generally used: long range (greater than a year), intermediate range (6 to 18 months), and short range (less than a month). To distinguish between the absolute maximize capacity of the system (the highest output rate attainable) and the rate that is sustainable by the system (that it can be run at efficiently and for a long period of time), the term best operating level is used. The utilization of the system is a measure of how close the system is operating relative to the best level. When a producing resource, such as a manufacturing plant, gets larger and volume increases while the average cost per unit of output simultaneously drops, then the resource is exhibiting economies of scale. At some point, the resource may be too large and the average cost will start to rise. This is when diseconomies of scale are a problem. Focused manufacturing plants are designed to produce multiple products using a concept called plant within a plant to improve economies of scale even though multiple products are produced in the same facility. This type of facility demonstrates the concept of economies of scope. Having capacity flexibility is often important to meeting the needs of a firms customers. Sets with similar termsCH.1 OP MGT40 terms rcf92 SCMT 364 Chapter 125 terms mariah_smiley9 MGT 302 Chapter 133 terms ashleybrueggeman POM23 terms Becca_Estby Sets found in the same folderSupply Chain Management - Exam 1111 terms stm5166 Chapter 179 terms kschmidt1014 ACT 310, Exam 2: Chapters 3,4,529 terms jill_roop Supply Chain Management - Chapter 232 terms kylewaters13 Other sets by this creatorProject Management: Chapter 138 terms goudyd Project Management: Chapter 1223 terms goudyd Project Management: Chapter 1137 terms goudyd Project Management: Chapter 1013 terms goudyd Recommended textbook solutions Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions
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Service Management: Operations, Strategy, and Information Technology7th EditionJames Fitzsimmons, Mona Fitzsimmons 103 solutions Other Quizlet setsHistory of the World Test 148 terms southern-owlTEACHER The Flick14 terms Sawyer_Edwards17 Med Ren Vocab36 terms Roy25 Chapter 7 Quiz 6 Program Planning10 terms caedonsnider Related questionsQUESTION if you were calling on a customer and, upon arriving, discover the customer has little time to spare, you would probably consider using which of the two types of openers described in the course material ? 3 answers QUESTION The tool that is useful in documenting the current process is a: 15 answers QUESTION T/F: First-line managers are responsible for the daily supervision of the non managerial employees who perform the specific activities necessary to produce goods and services 3 answers QUESTION such as intelligence (both mental ability and emotional intelligence), personality (extraversion, conscientiousness, openness to experience, self-esteem), and integrity 9 answers What is the difference between operations management and supply chain management?The major difference between supply chain management and operations management is that the supply chain is mainly concerned with what happens outside the company – obtaining materials and delivering products – while operations management is concerned with what happens inside the company.
How is supply chain management different than operations management quizlet?While there is overlap between operations management and supply chain management, the two are different in that: Operations management focuses on processes, supply chain management focuses on relationships and flows.
What is operations and supply chain management quizlet?Operations and Supply Chain Management. the design, operation, and improvement of systems that create and deliver the firm's primary products and services. Operations and Supply Chain Management. concerned with the management of the entire system that produces a product or delivers a service.
What is operations and supply chain management?Operations and Supply Chain Management (OSCM) includes a broad area that covers both manufacturing and service industries, involving the functions of sourcing, materials management, operations planning, distribution, logistics, retail, demand forecasting, order fulfillment, and more.
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What is the difference between operations management and supply chain management quizlet?
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