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Process Measures:
Basic Concepts and Definitions
Product Type: Reference  Publication Date: 12/2012  Product ID#: 1-429-247  Length: 4pages

Core Disciplines: Operations Management/Supply Chain

TEACHING NOTE: None

DESCRIPTION: This note describes and defines concepts used by operation management professionals to categorize operations processes such as flow rate, Little’s Law, and inventory turns. Using this note, students can obtain a basic understanding of operation process terms.

TEACHING POINTS: 

    After discussing this case study, students will be able to:
  • describe and define concepts used by operation management professionals to categorize operations processes such as flow rate, Little's Law, and inventory turns,
  • correctly aply these terms to describe conditions observed in an operations management environment,
  • evaluate case studies and situations where these concepts are observed.

Secondary Tags: Manufacturing
Sales Rank: #451


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