Examlex
Operations management focuses on managing the production and delivery of an organization's products or services
Transformation Process
The series of actions or operations that convert inputs into outputs in manufacturing or service delivery.
Multifactor Productivity
An efficiency measure that evaluates the output produced relative to a combination of input factors like labor, materials, and capital.
Inputs
Resources used in the production process, including raw materials, labor, and capital.
Outputs
The final products, services, or results generated by a system, process, or project.
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