The production of services is different from the production of manufactured goods in all of the following ways, except: Show
a. Services are intangible, and it is therefore more difficult to evaluate customer satisfaction. Which term is described as the act of buying of all materials needed by the organization?Which term describes the act of buying of all materials needed by the organization? Purchasing. The process of managing inventories in such a way as to minimize inventory costs, including both holding costs and potential stock-out costs is referred to as: inventory control.
Is a sequence of activities and organizations involved in the production of goods and delivery of services?A supply chain is the sequence of organizations—their facilities, functions, and activities—that are involved in producing and delivering a product or service.
Which of the following functions manage the production of the goods and services?Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company's goods and services.
What is the management of the production conversion process for both goods and services?Operations management is the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.
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Which term describes the management of activities from all organizations involved in the production process?
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