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About this document
- Pages
- 27 pages
- Price
- $27 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business, Management
- Module
- Week 8 · Week 8
This study guide covers key concepts in business operations and material management, including operating systems, industry standards, and e-commerce. It is designed to help students prepare for Week 8 exam.
What's inside
- Operations and Material Management Costs
- Three Types of Operating Systems
- Three Stage Process of Operation Material Management
- Industry Standards
- E-commerce Systems
- Competitive Advantage
Who it is for: Students preparing for the Week 8 exam in a Business course. (Undergraduate)
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Summary
Business operations and material management are key to a company's success. Students learn about different operating systems, industry standards, and how technology affects efficiency and profitability.
Operating Systems
Three types of operating systems are described. Small-batch production makes unique or custom-made products. Mass production lowers operating costs. Flexible production combines benefits of both.
Material Management Process
The three stages of operation and material management are input, operations, and output. Input involves raw materials and labor. Operations include skills, knowledge, and machines.
Industry Standards
Legacy systems are the hardware and software components of a company’s existing IT systems. Industry standards are the predominant type of technology used in an industry.
E-commerce Systems
Business-to-business commerce is trade that takes place between companies. A B2B marketplace is an industry-specific trading platform set up to connect buyers and sellers using the Internet.
Key terms
- Work-in-process
- Semifinished goods and services that go through a company’s production process.
- Mainframes
- The center of the company’s information processing and storage system.
- E-commerce
- Trade that takes place between companies.
- Efficiency
- The ability to better react to the economic environment.
- Effectiveness
- The result of information overload.
- Information overload
- Vast amounts of information make it difficult to determine what is useful.
Questions this document helps with
- What are the three types of operating systems?
- What is the three stage process of operation material management?
- How does information technology improve innovation in a company?
Summary written with AI from the document's text.
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