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ASSIGNMENT 1 - Reflection

Production/Operations Management involves converting inputs into finished goods through controlled and repeatable processes. Operations management oversees production processes and business operations to ensure profitability and efficiency. The production concept focuses on mass producing goods for low prices in markets with little competition. Quality Control uses methods like employee education and product testing to establish and maintain high product quality.

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80 views2 pages

ASSIGNMENT 1 - Reflection

Production/Operations Management involves converting inputs into finished goods through controlled and repeatable processes. Operations management oversees production processes and business operations to ensure profitability and efficiency. The production concept focuses on mass producing goods for low prices in markets with little competition. Quality Control uses methods like employee education and product testing to establish and maintain high product quality.

Uploaded by

Angelica Pepito
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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LESSON 1

Production/Operations Management is defined as the process of converting


an organization's inputs/resources into finished goods (or services) through a system
of specified, controlled, and repeatable policies.

Production and operations management are more similar than dissimilar:


production management is concerned with the manufacture of items, whereas
operations management is concerned with the management of services. Production
is a scientific process that involves adding economic value to a raw material (input)
to create a desired product or service (output).

Evolution of Production and Operations Management

Operations management is a branch of management dealing with overseeing


and planning production processes, as well as designing, managing, and organizing
them. Business operations in the manufacturing of goods and services are also
included. It is in charge of ensuring that business operations are profitable and
efficient.

Production Concept

The production concept is critical in an economy where some items can be


mass produced in large quantities for consumers at low prices. There is never a
scarcity because the supply is always plentiful. In a new market with little
competition, the production concept is relevant.

Quality Control

Quality Control (QC) is a method used by a company to ensure that product


quality is maintained or enhanced. Quality control necessitates the establishment of
a culture in which management and employees strive for perfection. This is
accomplished by educating employees, establishing product quality goals, and
testing products for statistically significant differences.
Material Management

The process of integrating the flow of supplies into, and out of an organization
to reach a level of service that assures the correct resources are available at the
right time, in the right amount and quality, and at the right cost. Procurement,
materials handling and storage, production and inventory control, packaging,
transportation, and associated information systems, as well as their application
throughout the supply, manufacturing, service, and distribution sectors, are all
covered.

Maintenance Management

Maintenance management is defined as the process of keeping a company's


assets and resources in good working order while controlling time and costs,
assuring optimal manufacturing efficiency. Maintenance management is critical to the
long-term success of your maintenance program because it ensures quality
assurance, operational efficiency, and asset readiness. Assets and resources that
are well-maintained keep your production running smoothly and reduce the chances
of unplanned downtime.

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