What is operations management? Do you think this term has changed over the past 50 years?...

What is operations management? Do you think this term has changed over the past 50 years? Why or why not?

Expert Solution

Operations management is a kind of management which controlls and manages the product designing as well as redesigning of goods inorder to make high productivity with in an organization. Here they mainly convert the raw materials into goods in order to increase the profit.Operations management manages marketing , Accounting, purchasing, organizational behaviour, information management and industrial engineering etc.A lot of activities are occured between designing and distributing of goods to customers. All these activities are managed by the operations management.In the past years large quantities of goods are produced or made by keeping the price or cost at low level.Now a days we can see that only small quantities of goods are produced in order to meet the needs of specific customers with a slight increase in the cost.Where we can see mass customization from mass production. Over the past 50 years competition become more global from local with other countries. They also tried to maintain a sustainable development.

Rahul Sunny answered 1 year ago

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