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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...

Managerial Economics Unit-4 Lets start boiling water on our gas stove and getting our notes within minutes😌 Okay!! To get completely into the syllabus of this subject Managerial Economics lovably called as just ECO, please come here 👉💌 Let's move to our first heading🤷‍♂️ Macro economics The term macro in English has been originated from the Greek term " makros " which means " large ". Therefore, "macroeconomics is the study of economic problems of the entire economy." It involves the study of aggregrates or average and hence, it is a cumulative economics . Theory of income and employment is another name of macroeconomics or simply it is also known as income analysis. Nature of macroeconomics 1. Short run nature The time period in which production cannot be increased even by purchasing new assets or opting new technologies is referred to as short run period and macroeconomics on whole level studies this short run period. 2. Study of economy as a w...

Organisational behaviour UNIT-4 Lets start boiling water on our gas stove and getting our notes within minutes😌 Okay!! To get completely into the syllabus of this subject Organisational Behaviour lovably called as OB just come here 👉💌 Let's move on to our first heading😌🤷‍♂️ Organisational change "Organisational change can be understood as the implementation of new procedures and technologies as well as modification in the entire work setup." Nature of organisational change 1. It affects existing equilibrium C hange does not only affects existing peaceful conditions but also establishes new equilibriums. 2. Influences entire organisation. 3. Organisational change is an ongoing process .  4. It is perceptual and behavioural in nature.  5. Affects individual in multiple roles. 6. Natural phenomenon " Change is mandatory rather than optional." Goals of organisational change ●Survival and growth ●Organisational development ●Modifying behavioral patterns Fact...

Managerial Economics 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 Managerial Economics lovably called as just ECO, please come here 👉💌 UNIT - 1 of Managerial Economics PART - A PART - B Notes Okey moving on to our first topic of UNIT - 2 Production Analysis Concept of production "Production is an economic activity which converts inputs into outputs or services with addition of utility." "Utility can be defined as the capability of product or service to satisfy the needs and wants of a customer." 》》Production analysis is dealing with the relationship between input factors and output of goods and services. Production analysis studies the relationship between input factors and output to set an equilibrium point between demand and supply and to reduce the cost of production for attaining maximum profit. Factors of production There are broadly 4 classification of fac...