Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Research Expert

The Operations Function has always relied heavily on information for its smooth running. During this course information has been introduced as one of the five inputs to the conversion process however it is now necessary to think of information not as a discrete input but as an entity that permeates and is attached to all parts of the conversion process and wider business. In addition to the more tangible and physical inputs required in terms of material, staff, facilities and capital a variety of information is required to accompany these such as: ?

How much of each type of material is required for this production run?

How many man-hours of labour are needed to complete this job?

What is the unit cost of each manufactured item?

What is the capability of this process?

While information has always been necessary more recently, with growing technological sophistication in both products and markets, the amount of information required has increased, the diversity in types of information available has grown and the methods of managing information have become more varied.

Information has therefore become more critical to the efficiency and competitive advantage of the organisation. Increasingly it has become the responsibility of the operations manager to define the information required by the organisation and to provision methods that capture, store and disseminate it whether it be for completion of work by those within the conversion process or for use in decision-making by those at the top of the organisation. In this chapter we will look at the basic building blocks of an Information System (IS). We will then define the term information and explain how it can be made useful to the organisation. We will go on to discuss the processes used to produce useable information and how to build these processes into our operation. Finally, the impact of increased use of technology on people within the organisation will be discussed.

Here are some key questions that you should consider as you read this chapter:

  • ? What information is crucial to your organisation?
  • ? How is this information gathered and used?
  • ? Can the use of an appropriate IS within your organisation lead to some previously unseen competitive advantage?

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M9528562

Have any Question?


Related Questions in Operation Research

Real estate property analysisresearch the property you

Real Estate Property Analysis Research the property you selected in your Local Real Estate Opportunities activity. Using the newspaper listing from your exploration, either go online to the real estate agency that is lis ...

Your presentation should include the followingintroduction

Your presentation should include the following: Introduction (5-6 slides) Explain the importance of evidence-based decision making in health care. Discuss how this evidence applies to patient care outcomes, financial out ...

Assignment requirementassignment reflective writing aims to

Assignment Requirement Assignment Reflective writing aims to get you to think about your learning and understand your learning experiences. When students writing Assignment 3 need to follow steps: 1. Evaluate the effecti ...

Assignment - country analysis this is a marketing and

Assignment - Country Analysis This is a marketing and analysis paper on two countries, South Korea and India. The objective is to determine if both countries are a great market for TESLA to expand their business in a glo ...

Explain the mathematical system of or and linear

Explain the Mathematical system of OR and linear programming

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As