What is the difference between the terms production management and operations management?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Operations management is a broader term than ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Operations management in the supply chain decisions and cases
ISBN: 978-0077835439
7th edition
Authors: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein
Question Posted:
Students also viewed these Management Leadership questions
-
What is the difference between the terms capitalize and depreciate?
-
What is the difference between a production budget and a manufacturing budget?
-
What is the difference between flexible production and mass customization?
-
Assume that the Central bank decides to sell government bonds to the commercial banks. a.) Use the demand and supply curves for loanable funds to show the effect of this measure on the interest rate....
-
(a) If the point (5, 3) is on the graph of an even function, what other point must also be on the graph? (b) If the point (5, 3) is on the graph of an odd function, what other point must also be on...
-
Access the financial statements of Deutsche Lufthansa AG for the year ended December 31, 2009. These can be found at the company's website (investor-relations.lufthansa.com). Instructions (a) Discuss...
-
Refer to the data in Exercise 6-3. Assume that ending inventory is made up of 200 units from the March 14 purchase, 20 units from the July 30 purchase, and all the units of the October 26 purchase....
-
On January 15, the end of the first biweekly pay period of the year, North Companys payroll register showed that its employees earned $ 35,000 of sales salaries. Withholdings from the employees...
-
2. A dodecahedron die has 12 faces, numbered 1-12. The die is weighted in such a way that 1-6 are each equally likely to land facing up, but the remaining numbers are each twice as likely to face up...
-
Suppose that instead of funding the $300 million investment in 8 percent British loans with CDs issued in the United Kingdom, the FI manager hedges the foreign exchange risk on the British loans by...
-
1. Holden came into being because its founders wanted to change the type of products offered by a certain industry. Of the four forces for change discussed in the chapter-people, technology,...
-
What techniques or approaches can be used to achieve mass customization in practice?
-
When a person in California renews the registration for an automobile, the bar graph shown in Figure 14.24 is included with the bill. Use this bar graph to answer the questions in Problems 18-23. The...
-
This stepped bar is placed between two rigid walls, with a 0.002-inch gap between the right end and the right wall before the 10,000-pound load is applied at a temperature of 40 degrees F. Find the...
-
You wish to add two 4-bit numbers. You have half adders and full adders available to use as components. Draw a block diagram of your 4-bit adder, using both half and full adders. Do not draw a...
-
Consider the following Cobb-Douglas production function Y = AKP1 LP2 "i (where y is i i output, A is the level of technology, K is the capital stock, and L is the labour force), which has been...
-
Consider the following elementary reaction A 2B where Kc-20 dm/mol and CAD=0.2 mol/dm. The reaction is to be carried out isothermally and at constant pressure. Assume the gas mixture behaves like an...
-
Priest and Sons, a local manufacturer of a product that sells for $10.90 per unit. Variable cost per unit is $7.85 and fixed cost per month is $1,220. Monthly production capacity is 1,100 units. (a)...
-
Refer to the Statistics in Action problem for this chapter. Recall that we built a model for y = natural logarithm of supply price for an intrastate trucking shipment as a function of the following...
-
Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.
-
Why study operations management?
-
How do changes such as demand changes, new pollution control laws, the changing value of currency, and price changes affect operations? Name specific impacts on operations and the supply chain for...
-
Identify some of the current trends in operations and supply chain management that you think are of critical importance.
-
Consider how Star Valley, a popular ski resort, could use capital budgeting to decide whether the $8 million Blizzard Park Lodge expansion would be a good investment. Assur conce assur Click the icon...
-
Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Debit Credit Balance 1/1 28,000 Credits Debits 146,000 Balance 12/31 38,000 Manufacturing Overhead...
-
Your company has total receivables outstanding at 31 December 2020 of $20,000. You think that about 2% of these balances will not be collected and wish to make an appropriate allowance. You have not...
Study smarter with the SolutionInn App