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Notes of Productions & Operations Management

What is production and operation management?
Production and operations management is the process of turning an organization's resources into goods and services.
Production management relates to the activities around creating products.
Operations management has to do with the production and delivery of products and services.
What is operations management notes?
Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization.
It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.
What is the production system in operations management?
A production system in operations management refers to the organized set of activities, processes, and resources involved in transforming inputs into finished goods or services.
The constituents of the 5P model are: .
1) Plan, .
2) Process, .
3) People, .
4) Possessions, and .
5) Profits.

What is production and operation management?