Production and Operation Management • POMA is the management of systems or processes that generate or create goods and/or provide services.
THE COURSE CONTENT IN TERMS OF UNITS OF LEARNING POMA Intro forecasting Design of Production Quality OPERATING AND CONTROLLING THE SYSTEM
Text Books • 1. Foundations of Operation Management by Larry P Ritzman and Lee J Krajewski ( 2003/2006 Edition Prentice Hall) For UNDERGRAD • 2. Production Operations Management • By William J Stevenson ( 7/8 th Edition, Mc. Graw Hill) FOR GRAD
Difference between Operations Management and Research 1. OR relies on mathematical modeling and OM relies on practical scenarios/industrial cases. 2. OR is domain and tool of Engineers while OM is considered to be one of the critical tools of Managers.
What are organizations • An organization is a business entity that can work for profit or non profit purposes to generate a value added product or service for its customers.
Why Organizations need Operations Manager • An operations Manager controls the processes by which value is added from conversion of inputs to outputs.
Sub Optimization/Synergy • Whole is greater than the sum of its parts.
Efficient Vs. Effective Organization • Efficient organizations tend to focus on efficiency part. • Effective organizations tend to focus on efficiency as well as productivity.