Operations Management Notes (MBA, BBA, B.Com, Management) for mba, bba, b.com and other management and business studies students. Operations management mainly focuses on managing the processes to produce and distribute products and services. Major activities often include product creation, development, production and distribution. Other Related activities include managing purchases, inventory control, quality control, storage, logistics and evaluations of processes. A great deal of attention is on efficiency and effectiveness of processes. So, operations management often includes substantial measurement and analysis of internal processes. Eventually, the nature of how operations management is carried out in a business depends very much on the nature of the products or services in the business or organization, for example, on merchandizing, manufacturing or wholesale.
The main type of Trends and Challenges in Production and Operations Management (POM) are; 1. Productivity Productivity is defined as ratio of output to input. Productivity is one of the key performance indicators showing how well the organization is and country is performing. Productivity is a relative measure. I... read more
December 17, 2018
In 1960’s and 1970’s scholars started to note the commonality of problems faced by operation so they started treating operation system as a proper system. The sequence in which some important concepts related to operation were developed is as follow; JIT (Just in time) In 1980’s a revolution was... read more
December 10, 2018
Production and Operation Management Production and operation management was initially known as Production management. But as we know that operation is related to design, working and improvement of entire system. Every business in every country runs through three major functions Finance Marketing ... read more
November 24, 2018
Following are the determinants of effective capacity: Facilities: The size and provision for growth are key in the design of facilities. Other facility influences include locational factors (distance to market, transportation costs, labor supply, energy sources). The design of the work area can determine how effi... read more
January 08, 2018
These plans are part of the Operations Management actions that service and industrial organizations involve in ... The course will authorize you with skills to address important facets of business operations (B.O) containing capacity, output, excellence, and supply chain. An operation management refers... read more
July 29, 2017