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Operations Management 1-5
Chapters 1-5
17
Management
Undergraduate 2
02/08/2012

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Term
Core Process
Definition
A set of ctivities that delivers value to external customers
Term
supplier relationship process
Definition
a process that selects the suppliers of services, materials, and information and facilitates the timely and efficient flow of these items into the firm
Term
new service/prodcut development process
Definition
a process that designs and develops new services or products from inputs received from external customer specifications or from the market in general through the customer relationship process
Term
order fulfillment process
Definition
a process that includes the activities required to produce and deliver the service or product ot the external customer
Term
customer relationship process
Definition
a process that identifies, attracts, and builds relationships with external customers, and facilitates the placement of orders by customers, sometimes referred to as customer relationship management
Term
support process
Definition
a process that provides vital resources and inputs to the core processes and therefore is essential to the management of the business
Term
operations strategy
Definition
the means by which operations implements the firm's corporate strategy and helps to build a customer-driven firm
Term
core competencies
Definition
the unique resources and strengths that an organization's management considers when formulating strategy
Term
lead time
Definition
the elapsed time between the receipt of a customer order and filling it
Term
competitive priorities
Definition
the critical dimensions that a process or supply chain must possess to satisfy its internal or external customers, both now and in the future
Term
competitive capabilities
Definition
the cost, quality, time, and flexibility dimensions that a process or supply chain actually possesses and is able to deliver
Term
time-based competition
Definition
a strategy that focuses on the competitive priorities of delivery speed and development speed
Term
order winner
Definition
a criterion customers use to differnetiate the services or products of one firm from those of another
Term
order qualifier
Definition
a demonstrated level of performance of an order winner that is required for a firm to do business and in a particular market
Term
productivity
Definition
the value of outputs (services and products) produced divided by the values of input resources (wages, costs of equipment, etc.)
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