What are the objectives of production and operation management?
Regarding this, what are the objectives of operations management?
Objectives of Operations Management Customer Service: The primary objective of operations management, is to utilize the resources of the organization, to create such products or services that satisfy the needs of the consumers, by providing “right thing at the right price, place and time”.
Secondly, what are the 5 performance objectives? According to Andy Neely, author of the book “Business Performance Measurement: Unifying Theory and Integrating Practice,” there are five main operational performance objectives: speed, quality, costs, flexibility, and dependability.
Also asked, what is the function of production and operation management?
Production / Operations Management is defined as the process which transforms the inputs/resources of an organization into final goods (or services) through a set of defined, controlled and repeatable policies. By policies, we refer to the rules that add value to the final output.
What do you mean by production management discuss its objectives?
Production management is 'a process of planning, organizing, directing and controlling the activities of the production function. The objective of the production management is 'to produce goods services of right quality and quantity at the right time and right manufacturing cost'.