Introduction To OP MGNT. MGT303
Introduction To OP MGNT. MGT303
with TQM
Lecturer : Ronnielyn B. Espiritu
CHAPTER 1
INTRODUCTION TO
OPERATIONS MANAGEMENT
▪OPERATIONS MANAGEMENT
10th Edition
REFERENCE : ▪ STEVENSON – MCGRAWW HILL
International Edition
▪ The management of systems or processes
that create goods and/or provide services
▪ Goods – are physical items produced by
Operations business organizations
Managemen
▪ Services – activities that provide some
t
combination of time, location, form and
psychological value.
Three basic functions of
the organization
Operations and supply chains – one
couldn’t exist without the other and no
business organization can exist without
both.