Operations Management Operations: Review Standard Operating Procedures Term Paper

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Operations Management

Operations: Review Standard Operating Procedures

Question 1 company's operations function on the most basic and general level involves organizing work, selecting processes, arranging layouts, locating facilities, designing jobs, measuring performance, controlling quality, scheduling work, managing inventory, and planning production. For instance, operations at a bank might involve transferring funds from one bank to another or to different branches, processing funds on site, providing checks for customers, cashing checks for customers, preparing monthly statements on a regular basis, reconciling statements when needed, approving loans upon request, loaning money, keeping regular track of loan payments, and approving credit cards if part of the bank's functions.

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Operations at a retail store might, depending on the nature of the store -- it is service-based or good-based for instance -- involve purchasing goods, stocking goods, selling goods, keeping track of inventory, scheduling workers, laying out the store, locating the store, forecasting demand for goods and services, and while operations at a cable TV company might involves taking and renewing orders for cable service, installing new equipment, maintaining older, keeping 'the right' (i.e. most popular shows) on the air, scheduling work for contractors installing service, processing statements of customers and making sure….....

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Latest APA Format (6th edition)

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"Operations Management Operations Review Standard Operating Procedures" (2004, June 05) Retrieved May 3, 2024, from
https://www.aceyourpaper.com/essays/operations-management-operations-review-171981

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"Operations Management Operations Review Standard Operating Procedures" 05 June 2004. Web.3 May. 2024. <
https://www.aceyourpaper.com/essays/operations-management-operations-review-171981>

Latest Chicago Format (16th edition)

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"Operations Management Operations Review Standard Operating Procedures", 05 June 2004, Accessed.3 May. 2024,
https://www.aceyourpaper.com/essays/operations-management-operations-review-171981
   

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