Operations Management and Human Resources Quizlet

purchasing
The buying of goods and services for a business. AND Buying the resources needed for production
human resources
resources to help
operations
The day-to-day activities for continued business functioning
Vendors or supplies
goods
Zoning Ordinances
Competitive Bidding Process
A method of collecting price quotes from suppliers vying for an
order or job.
Performance Evaluation
A formal assessment by the supervisor of a worker’s job performance
Production
The economic process or activity of producing goods and services.
Management functions:
directing
Business Ethics
the importance of following safety rules.
inventory
a account of goods
accounting
to account finance
distribution
A marketing/business function that is responsible for moving, storing, locating, and/or
transferring ownership of goods and services.
Channels of Distribution
Paths, or routes, that goods or services take from the producer to the
ultimate consumer or industrial user.
. COMPUTER-AIDED DESIGN
The use of technology and software to create, test, and rework
products in the “virtual” world before spending money to produce them in the physical world AND
The use of computer technology to plan, design, test, and alter products
. Continuous Process Improvement
The activity of regularly updating one’s processes for better
efficiency.
E-COMMERCE
The buying and selling of goods using computers.
Efficiency
Accomplishing a task with a minimum expenditure of time and effort.
Manufacturing
Changing the shapes or forms of materials so that they will be useful to consumers.
Quality
The degree of excellence of a good or service—how good it is.
Raw materials
food from animals.
Finished goods
products.
Recruiting
Seeking out and attracting qualified potential employees.
Tactical planning
Short-range planning (one year) of specific actions the business will take