Analysis of Production Engineering

Added on - 28 May 2020

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Running head: ANALYSIS OF PRODUCTION ENGINEERINGANALYSIS OF PRODUCTION ENGINEERINGName of the StudentName of the UniversityAuthor Note
ANALYSIS OF PRODUCTION ENGINEERING1Question 1Operations management can be defined as the area under management which ismainly related to the process of design and controlling the different processes related toproduction, redesign of the business operations and the finally the production of the servicesor goods.Question 2The decisions that are taken by the operations managers are mainly related tomanagement of quality, capacity and process design, designing the layout and formulatingstrategies, job designing and human resources, management of supply chain, scheduling theproduction processes, maintenance. The examples of decisions taken by operations managersare, solving issues faced by the employees, taking care of the organizational processes andtaking decisions related to supply chain (Sap-project.ca., 2018).Question 4The three major functions of the business that are taken care by the operationsmanagers are, marketing, finance and operations. Operations is related to the timelyproduction of services and goods and thereby managing the inputs, which include, machinetime and the time of the workers as well. The major function of the finance departmentincludes the management of the assets, cash flows and the investments of the organizationthat are related to the production of machines. The role of marketing involves the generationof sales and thereby searching for customers (Sap-project.ca., 2018).Question 7The top 100 companies of the Fortune magazine in the year 2017 are mainly related tothe industries like, retail markets, mobile sector, health sector and online retailing. The
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