The constituents of the 5P model are: .
1) Plan, .
2) Process, .
3) People, .
4) Possessions, and .
5) Profits.
Levels of Operations Management
Operations management includes three levels: strategic, tactical, and operational.
What are the 4Vs of Operations Management? The 4Vs – the 4 dimensions of operations are: Volume, Variety, Variation and Visibility.
They can be used to assess all different types of business operations and understand how any why they operate, their key competitive strengths, weaknesses and different approaches.