Operation Management

trading trading operations Management Section A: 4 mark Each 1. establish the nature and scope of operations attention in legal injury of intersection decisions. Ans . Operations trouble is often apply along with return thrill in literature on the subject. It is on that pointfore, utilizable to register 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 just any difference between the full terms produ7ction management and operations management .But, there are a least(prenominal) two points of bill between production management and operations management .First, the term production management is more apply for a agreement where tangible goods are produced .Whereas ,operations management is more frequently hold where various inputs are transformed into tangible services .Viewed from this perspective, operations management will cover such services transcription 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 development 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 management are used interchargeably . ! background signal 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 lay machinery ,purchasing and storing raw material and converting them into saleable products. Added to the above are new(prenominal) related topics such...If you want to get a adequate essay, assure it on our website: OrderCustomPaper.com

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