Production management is an organized function within a business that deals with planning, forecasting and production or marketing of a product at all stages of its lifestyle. Operation management is concerned with overseeing, designing and controlling production and business operations during the production of goods or services.
PLM -> Product lifecycle Management , this will deals with the maturity of the product, ie which denotes the life cycle stages of the product..like development or production or obsoletePDM -> Product data management, it is actually the data management like product information,its BOM details etc
A product oriented business is when a business/company does not carry out research before manufacturing a product whilst a market orientated business is a business/company that carries out research before manufacturing a product(s)
Product markets are where goods and services are bought and sold, involving transactions between consumers and producers. In contrast, factor markets are where factors of production—such as labor, capital, and land—are exchanged, typically involving businesses seeking resources to produce their goods and services. Essentially, product markets focus on end products, while factor markets concentrate on the inputs required for production.
How do I distinguish between the nature of a market and the type of the market which affect a business
what is the rlationship between production department and marketing department in a business organisation
the difference between production management and operation management?
Maybe you can find your answer on wikipedia.They seem to have a reasonable explanation:http://en.wikipedia.org/wiki/Management
The difference between MSc in operation management and MBA in operation management is that MSc in operation management leads to a general manager while the latter leads to an operations manager.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
Production management is the planning,organisation,staffing,leading,control and coordinating of human and material resources for excution of the facility in a specific function to meet pre-determined objectives in the constraints of time cost and quality
Yes, there are a few differences between operation and production management. Each job title has different responsibilities to the company to help things run smoothly.?æ
Msc in Operation Management would be a specialized course in operations whereas an MBA in Operation Management is more of a general management course where you can take a specialization.
Operation research is tool/technique for solving the problems such as economics, queuing theory, mathematical optimization, simulation and stochastic models etc. Operation management is concerns management of production (transformation) system, system design, operation, improvement, systematic analysis of organizational process.
Operations research deals with the application of advanced analytical methods. Operations management involves managing and directing the processes of development, production, manufacturing.
distinguish between temporary and permanent working capital?
operations management focuses on on quality dimensions which require knowldge of operations management
Production