Operation Management

trading trading operations Management Section A: 4 attach Each 1. establish the nature and scope of operations caution in legal injury of intersection decisions. Ans . Operations trouble is often apply along with performance bearing in literature on the subject. It is on that pointfore, profitable to make the nature of operations management .Operations management is understood as the process whereby resources or inputs argon born-again into more useful products .A split second reading of the sentence reveals that, there is barely any difference between the bounds produ7ction management and operations management .But, there are a least(prenominal) two points of eminence between work management and operations management .First, the term production management is more apply for a formation where tangible goods are produced .Whereas ,operations management is more frequently employ where various inputs are transformed into tangible services .Viewed from this perspective, operations management will cover such services plaque as banks ,airlines ,utilities ,pollution control agencies super bazaars, educational institutions ,libraries ,consultancy firm and police force departments, in addition ,of course ,to manufacturing enterprises. The second distinction relates to the phylogeny of the subject. Operation management is the term that is used now a days .

Production management precedes operations management in the historical growth of the subject  The two distinctions non withstanding, the terms production management and operations managem ent are used interchargeably . ! chain of Production and Operation Management The scope of production and operations management is indeed vast .Commencing with the selection of arrangement production management covers such activities as acquisition of land, constructing build ,procuring and set machinery ,purchasing and storing raw material and converting them into saleable products. Added to the above are opposite related topics such...If you want to get a adequate essay, give it on our website: OrderCustomPaper.com

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