What is production and operations management?
Production and operations management is the field of study and practice that deals with the processes involved in transforming raw materials and resources into finished goods or services. It encompasses the planning, organizing, and controlling of these processes to ensure efficient and effective utilization of resources while meeting customer demands and achieving organizational goals. The ultimate aim is to manage the entire production and operations system in a way that maximizes productivity, minimizes costs, and delivers high-quality products or services to customers. This discipline plays a crucial role in various industries, including manufacturing, logistics, healthcare, hospitality, and retail, among others, as it focuses on improving productivity, reducing waste, optimizing workflows, and enhancing overall performance.
This mind map was published on 8 November 2023 and has been viewed 45 times.
