Operation Management

trading trading operations Management Section A: 4 mark Each 1. establish the nature and scope of operations prudence in legal injury of intersection decisions. Ans . Operations trouble is often apply along with yield counseling in literature on the subject. It is on that pointfore, efficacious to sympathise 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 now any difference between the names produ7ction management and operations management .But, there are a least(prenominal) two points of differentiation between product management and operations management .First, the term production management is more apply for a system of rules where tangible goods are produced .Whereas ,operations management is more frequently expend where various inputs are transformed int o tangible services .Viewed from this perspective, operations management will cover such services organization as banks ,airlines ,utilities ,pollution control agencies super bazaars, educational institutions ,libraries ,consultancy firm and legal philosophy departments, in addition ,of course ,to manufacturing enterprises. The second distinction relates to the phylogenesis 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 man agement and operations management are used i! nterchargeably . cooking stove 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 put machinery ,purchasing and storing raw material and converting them into saleable products. Added to the above are former(a) related topics such...If you want to get a adequate essay, magnitude it on our website: OrderCustomPaper.com

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