What are the key functions of production and operation management?

Production and operation management involves the planning, coordination, and control of the activities necessary to transform inputs into finished goods or services. The key functions of production and operation management include capacity planning, which determines the resources needed to meet demand; production planning, which involves creating a schedule for the production process; quality management, which ensures that products or services meet or exceed customer expectations; inventory management, which involves balancing the costs of holding inventory with meeting customer demand; and supply chain management, which involves coordinating the movement of materials and information throughout the production process. These functions are crucial for effective and efficient operations, as they ensure that resources are utilized optimally, customer demands are met, and quality standards are maintained.

This mind map was published on 31 August 2023 and has been viewed 70 times.