Bit 3414 exam 1 Study guides, Class notes & Summaries

Operations management - ANSWER designs, operates, and improves productive systems - system for getting work done Operations - ANSWER -function of a system that transforms inputs int outputs of greater value -more than planning and controlling, it's doing Value chain - ANSWER -series of activities from supplier to customer that add value to a product or service Operations as a transformation process - ANSWER Input -material -machines -labor -management -capital --->>>Tra...

BIT 3414 Exam #1 questions and answers verified 2024

BIT 3414 Exam #1What is Operations? - correct answer A function or system that transforms inputs into outputs of greater value Name the type of Transformation Process: Manufacturing - correct answer Physical Name the type of Transformation Process: FedEx, Storage - correct answer Locational Name the type of Transformation Process: Retail (Anything that adds value through an exchange/transformation process) - correct answer Exchange Name the type of Transformation Process: Healthc...