Operation Management

trading trading operations Management Section A: 4 mark Each 1. establish the nature and scope of operations finesse in legal injury of intersection decisions. Ans . Operations trouble is often apply along with action thrill in literature on the subject. It is on that pointfore, effectual to see 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 scarcely any difference between the limits produ7ction management and operations management .But, there are a least(prenominal) two points of trace between issue management and operations management .First, the term production management is more apply for a trunk where tangible goods are produced .Whereas ,operations management is more frequently implement where various inputs are transformed into tangible services .Viewed fro m this perspective, operations management will cover such services boldness as banks ,airlines ,utilities ,pollution control agencies super bazaars, educational institutions ,libraries ,consultancy firm and police departments, in addition ,of course ,to manufacturing enterprises. The second distinction relates to the developing 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 in terchargeably . orbit of Produc! tion 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 installment machinery ,purchasing and storing raw material and converting them into saleable products. Added to the above are different related topics such...If you want to get a adequate essay, ordering it on our website: OrderCustomPaper.com

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