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Week 8: Assignment
Operations Management
20
Business
Undergraduate 3
10/26/2017

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Cards

Term
Operations Management
Definition

 

multi-disciplinary field that focuses on managing all aspects of an organization’s operations 

Term

 

Multi-disciplinary 

Definition

 

refers to the skills required to act in an operations management capacity 

Term
What is Process Mapping?
Definition

 

the process of taking a strategic plan and turning it into process objectives by identifying key steps that must be taken to move from the beginning of the process to the end of the process in the most effective and efficient manner 

Term

Pre-Construction Phase

(process workflow)

Definition

 

is to have an understanding of the purpose and scope of the process that is to be mapped. 

Term
Process Review
Definition

 

to confirm the current processes are still in alignment with the strategic plan and if there is room for improvement in the efficiency and effectiveness of the process

  

Term
What is key to managing change?
Definition
communication
Term
Outsourcing
Definition

 

the contracting or subcontracting of noncore activities to free up cash, personnel, time, and facilities for activities in which a company holds a competitive advantage 

Term
SWOT
Definition

 

the contracting or subcontracting of noncore activities to free up cash, personnel, time, and facilities for activities in which a company holds a competitive advantage 

Term
Business Continuity 
Definition
disaster recovery planning to identify vulnerabilities for the companies sustainability for the unexpected 
Term
Quality Management
Definition

 

an approach taken by management to assess, maintain and improve upon the activities of a process in order to maintain the quality of a product or service 

Term
Lean Six
Definition

 

looks to reduce waste of raw materials 

Term
 Six Sigma 
Definition

 

concerns itself with developing specialists in quality management  

Term
Knowledge Management 
Definition

focuses on research and analysis of current processes not only within the company but also the competition 

Term

Best Practices/Benchmarking

Definition

the process of comparing the practices and strategies of other companies 

Term
Global Responsibilty
Definition
an act of leadership, a voluntary and willful deployment of the resources of an organization towards building sustainability
Term

 

supply chain management 

Definition

 

a system management concept employed by some organizations to optimize the factors of material costs, quality and service 

Term
Strategic Sourcing
Definition

 

involves conducting an analysis of all supplies and goods required to perform activities within all process that may exist in a company 

Term
Cross Functioning Teams
Definition

eams that work together across various departments) are put in charge determining the goods needs with a minimum of 3 members

Term

Just In Time Management (JIT)

Definition
enough supplies are ordered and delivered to get the job done today and in the near future
Term
Competition
Definition

 

can be a driving force in the strategic plan of a company 

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