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Business
Operations Management
Explain in your own words operations management and its importance to achieve organizational strategic objectives. Development:

Explain in your own words operations management and its importance to achieve organizational strategic objectives. Development:

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Introduction: Explain in your own words operations management and its importance to achieve organizational strategic objectives.
Development:
Evaluate the following image attached:

Explain in your own words the operation of the basic production model (minimum of 6 complete sentences).

Conclusion: With an example, apply the production system with all its components from inputs to outputs. Provide an example from your current job (if you don't work, think of one you've had) with which you can demonstrate how a production system works.

Inputs • Workers • Managers • Equipment • Facilities • Materials • Land Energy External environment Internal and external customers Processes and operations 3 (2 (4) (5 Information on performance Outputs • Goods • Services
Transcribed Image Text:Inputs • Workers • Managers • Equipment • Facilities • Materials • Land Energy External environment Internal and external customers Processes and operations 3 (2 (4) (5 Information on performance Outputs • Goods • Services
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