Operations & Supply Chain Management Notes | Introduction to Operations Management | MBA Study Material

1.1 Introduction to Operations Management (OM): Definition, Evolution from production to operations management. Manufacturing trends in India, Services as a part of OM, Operations as a key functional area, OM a system perspective, functions of OM, challenges and current priorities of OM.

• Operations: Design & Transformation process of Materials
• Operations Management: Management of Design & Transformation Process to convert Raw materials into Required finished products.
• Operation is Value Creation Process
• Operation Process allows to develop competitive Advantage to the Organization