1
The ability to achieve maximum productivity with minimum wasted effort or expense.
2
The network between a company and its suppliers to produce and distribute a specific product.
3
The detailed coordination of complex operations involving people, facilities, and supplies.
4
The goods and materials a business holds for the purpose of resale or production.
5
The standard of something as measured against other things of a similar kind; excellence.
6
The process of estimating future trends based on historical data and analysis.
7
The process of creating goods and services to meet consumer demand.
8
A point of congestion in a production system that slows down the overall process.
9
Production is the _________ of goods and services
10
Operations management (OM) is the set of activities that create value in the form of goods and services by __________ inputs into outputs
11
tracks how well the organization is doing, pays bills, collects the money
12
Economic activities that typically produce an intangible produc
13
may change while the quantity of inputs and outputs remains constant
14
contributes about 52% of the annual increase
15
generates demand
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