Productions And Operation Management Second Semester
The very essence of any business is to cater needs of customer by providing services and goods, and in process create value for customers and solve their problems. Production and operations management talks about applying business organization and management concepts in creation of goods and service
Productions And Operation Management
All firms have processes, suppliers, and customers, so career opportunities for operations and supply chain professionals exist in every sector of the economy. Services firms in
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Lecture-Wise Multiple Choice Questions for Each Subject
The very essence of any business is to cater needs of customer by providing services and goods, and in process create value for customers and solve their problems. Production and operations management talks about applying business organization and management concepts in creation of goods and services. Production, the creation of products and services, is an essential function in every firm. Production turns inputs, such as natural resources, raw materials, human resources, and capital, into outputs, which are products and services. Managing this conversion process is the role of operations management. The goal of customer satisfaction is an important part of effective production and operations. Operations management cuts across every sector and industry as it may concern. OM finds use in every business though some might not be obvious. In health sector, operations management ensure there is proper health delivery with the right instruments at the right time. It also helps people like nurses, doctors, surgeons, and other health officers deliver timely service. When something goes missing, a technical and savvy individual knows what is at fault. For a production or manufacturing company to be successful, OM is major unit that must first stand. Key Benefits of Effective Operations Management are Product Quality, . Productivity, Customer Satisfaction, Reduced Operating Cost. As an operations manager, students get to interact with professionals in engineering, marketing, research, business and all. An MBA in operations management affords the technical know-how by covering the fundamentals of various areas related to operations management. These areas include capacity planning, supply chain management, and inventory amongst many. An masters degree in operations management gives a theoretical and practical application of OM. It also gives real experience of business handling and notes the trends in the industry. With an MBA in production and operations management, students are designed to take up problems and challenges pertaining to inventory, supply chain and logistics.
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