July 2023
Intermediate to advanced
164 pages
5h 42m
English
This chapter introduces the topic of operations management and outlines the structure and logic of the book. It defines some core theories, including the input–transformation–output model, the principles of value, the five key performance indicators (KPIs) of quality, speed, dependability, flexibility and cost and the four Vs framework of volume, variety, variation and visibility. It suggests ways of conceptualising the scope of operations management by considering the components of an operations system, the life cycle of products and the organisational scope of operations management. Finally, to better conceptualise the topic, it provides a synopsis on the evolution ...
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