Business Operation Management

Provide a brief definition of each of the concepts, process cost, process flow time, process

flexibility, and process quality. Give an example of how each concept contributes to

operations management

Process cost is used to accumulate and allocate manufacturing expenses to devices

produced, to decide the complete value of manufacturing of a unit of product. This is primarily

based on the assumption that the price of every unit is the identical as that of any different unit

produced, so there is no want to song statistics at the degree of an individual unit. This thinking

contributes to the administration of operations in a way that indicates us a fee in economic

phrases of every unit produced, and in this way being capable to manipulate the costs incurred

and to be in a position to optimize them.

Process time flow is the manufacturing time, that is, it is the complete minimal time that a

unit takes to pass by thru the system. Indicate the time wished to convert inputs into outputs and

consists of any instances spent through a drift unit ready for processing things to do to be

performed. This thought contributes by indicating the reliability that should be had in deliveries

and the potential to enhance new products.

Process flexibility to the extent that a division of labor is executed that maximizes

production, as a end result of a desirable availability of people and machines, the employer is

greater flexible. The contribution is to decide the ability of Variety and quantity of the process.

Process Quality refers to the degree to which an acceptable process, including quality

criteria and measures, has been implemented and adhered to produce work products. The quality

must not be offered solely and exclusively in the final products but must be present throughout
the entire process. The contribution represents for the competitiveness and the differentiation of

the product or service that is offered, in other words, to gain market.

Conclusion

The objectives of Operations Management are to produce a good and / or provide a

specific service at the minimum possible time and cost. Although these objectives are plausible,

it is necessary to establish criteria and parameters for evaluation and control purposes. Said

evaluation is done through integrated management systems and the monitoring of management

indicators or KPIs.

Reference

Heizer, Render, & Munson. (2017). Principles of operations management, sustainability

and supply chain management. (10th Edition). London: Pearson.

 Leseure. (2010). Key concepts in Operations Management. (1st edition). California: Sage

publications Ltd.

Sutherland & Canwell. (2004). Key concepts in Operations Management. (1st edition).

New York: Palgrave Macmillan.