Key Elements of an Operations System (VCE SSCE Business Management): Flashcards
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10 cards from this deck
Three stages of operations system
Three stages of operations system
Inputs, process, outputs
Inputs in operations system
Inputs in operations system
Resources needed before production begins
Raw materials definition
Raw materials definition
Unprocessed resources from natural environment
Component parts
Component parts
Processed materials already manufactured by another business
Unique characteristic of time as resource
Unique characteristic of time as resource
Non-renewable - cannot be recovered once wasted
What happens during process stage
What happens during process stage
Value is added to inputs, transforming them into outputs
Four types of transformation processes
Four types of transformation processes
Manufacturing, transport, supply, service
Outputs definition
Outputs definition
Finished products or services from operations system
Tangible goods
Tangible goods
Physical products: touched, stored, transported
Quality outputs require
Quality outputs require
Quality inputs and efficient processes