Production / Operations Management is defined as the process which transforms the inputs/resources of an organization into final goods (or services) through a set of defined, controlled and repeatable policies.īy policies, we refer to the rules that add value to the final output. But we’ll confine ourselves to straightforward (and understandable) definition to answer the basic question – ‘ What is operations management?‘ Production (or Operations) management is an umbrella term which encompasses a gamut of ideas within the jingoistic managerial circles, mostly exemplified by the varied literal definitions of these terms based on the source.
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