a) Distinguish between Production management and Operations Management. h) Distinguieh between manufacturing operations and senvice onerations

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. Answer the following questions in your own words.
a) Distinguish between Production management and Operations Management.
b) Distinguish between manufacturing operations and service operations.
c) Explain the scope of production and operations management in your own words.
d) Define the term plant layout. Discuss the factors influencing the layout.
e) Bring out the comparison between product layout and process layout.
f)
"An ideally laid out plant goes a long way in reducing manufacturing costs through reduced materials
handling, reduced personnel and equipment requirements and reduced in-process inventory" –
Elaborate.
Transcribed Image Text:1. Answer the following questions in your own words. a) Distinguish between Production management and Operations Management. b) Distinguish between manufacturing operations and service operations. c) Explain the scope of production and operations management in your own words. d) Define the term plant layout. Discuss the factors influencing the layout. e) Bring out the comparison between product layout and process layout. f) "An ideally laid out plant goes a long way in reducing manufacturing costs through reduced materials handling, reduced personnel and equipment requirements and reduced in-process inventory" – Elaborate.
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