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Operations management UNIT-2 Lets start boiling water on our gas stove and getting our notes within minutes😌 Okay!! To get completely into the syllabus of this subject Operations Management lovably called as just OM, please come here 👉💌 We will cover three broad headings in this UNIT: Material management, Purchase system and Inventory control NOTES OF UNIT-1 Material Management "The process of controlling the materials involved in the manufacturing process of a product by a company is known as Material Management." Material management is a wide term which includes every kind of material used for producing a particular product. (It can be raw material, it can be cost of product designing, it can be packaging, it can be supply cost, it can be storage cost, it can be data Analytics, etc). Material Management involves all these materials which are used as the input directly or indirectly to produce the final output. Scope of Material Management It is in: Material planning  Mat

Operations Management UNIT-1 Lets start boiling water on our gas stove and getting our notes within minutes😌 Okay!! To get completely into the syllabus of this subject Operations Management, lovably called as just OM, please come here 👉💌 We will discuss lot many things in this unit such as Overview of production and operation management, transformation/ manufacturing/ production process , production analysis, planning and control. Let's move to our first heading😌👇 Production and Operation management Production management can be defined as a division of management which concerns itself with the production task. Or in simple terms, production management is a managerial department in any company which looks after the production activities of that company or firm. "Production management is the process which converts input into output (can include finished, semifinished goods as well as services) with proper planning, controlling, scheduling and as well as with the minimum pos