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Unit 5.1, Denis, Marifer, Stages of the process, Importance of…
Unit 5.1, Denis, Marifer
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Resources
land
The place for operations whether it's physical or online
labour
Manual or mental skills to create output
capital
Tools and equipment required to produce goods and services.
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Sustainabilities
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economic
Use assets efficiently, providing long term profitability
By: replacing equipment only when necessary, improve labor, having high-productivity to low production costs, creating customer interest and create value through products and processes.
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Operations management is concerned with the use of natural resources called inputs(land,labour and capital) to provide outputs(product or services)
The production process is when inputs are converted into outputs, this is called transformation.
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