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.
Process Measures: Basic Concepts and Definitions
by: Eric Svaan
Publication Date: December 11, 2012
Length: 4 pages
Product ID#: 1-429-247
Core Disciplines: Operations Management/Supply Chain
Partner Collection:
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Teaching Note
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Description
Teaching Objectives
After reading and discussing the material, students should:
- 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.