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Quantitative Management Perspective
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Usable information,
make it available to managers at all organizational levels
Management Information System
MANAGEMENT SCIENCE
Past
Present
Projected
organize
Management Science
Management Information System (MIS)
saving them BOTH
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Some ways in which the management science approach was beneficial ;
- Mathematical forecasting
- Inventory modeling
- The queueing theory
use Computer Modals
k
External
processed
DATA
to figure out the best way of doing things
Internal
OPERATIONS MANAGEMENT
Operations Management (OM)
Introduction...
Well-known statistical tools
A narrow branch of the quantitative approach to management which ...
on managing the processes of transforming materials, labour and capital
Quantitative Management Perspective (QMP)
- the Critical Path Method (DuPONT)
- the PERT (the US Navy)
- Quality Assurance Tools (which stressed the use of mathematical models to assist managerial decision-making.
Thank YOU
goods and/or services
TRANSFORMATION PROCESSES, were the actual set of operations/activities through which the varius resources were used to produce the finished good and/or services
- An approach to management,
- involved the use of quantitative techniques
- improve decision making
OM pays close attention to demands
of quality, customer service and competition.
BRANCHES
MANAGEMENT SCIENCE
OPERATIONS MANAGEMENT
MANAGEMENT INFORMATION SYSTEM