Inputs, Transformation and Outputs

What this note covers

1. What Are Operations Processes?
2. Inputs: Transformed and Transforming Resources
3. The Transformation Process: What Happens in the Middle?
4. Outputs: Goods, Services, and Value Added
5. How Value Is Added at Each Stage: A Worked Example
6. Goods Versus Services: Differences That Affect Transformation
7. Interdependence Between Operations and Other Business Functions

7 sections · 12 key terms & formulas · 6 common mistakes