Characteristics of Operations Management (VCE SSCE Business Management): Flashcards

Inputs (materials, labour, equipment) into outputs

Goods exist as physical objects that can be examined

Can be held as inventory & produced before demand

Relies heavily on machinery, equipment, and technology

Cannot be touched or seen in a physical sense

Occurs simultaneously - at the same time

Cannot be stored, but records are maintained

Readily adapted to individual customer requirements

Depends primarily on human expertise and effort

Both must plan & develop clear organisational objectives