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Ques: What do you consider to be the challenges facing operations managers today?
1. Interfacing with other managerial functions
2. Dealing with increased rates of change
3. Increasing array of skills necessary
4. Changing environments - including wide range of service environments such as education, health, travel and tourism, introduction of complex information systems such as ERP increasingly demanding standards, tqm; bpr , iso 9000; iip; bs 14000 and need for continuous improvement
5. Need for constant innovation.
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explain the evolution of operations management, highlighting the key stages of developments taken place in the operations management practices in modern day organizations.
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Question 1 Shortage costs are precise and easy to measure. Question 2 Savings from reduced inventory results in increased profit. Question 3 Using the probability approach we
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