Operations management and role of operations management from last five decades.

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Answer 1

Question

Chapter 17, Problem 1LO

Summary Introduction

To discuss: Operations management and role of operations management from last five decades.

Expert Solution & Answer

Explanation of Solution

Operations management is process of managing all the activities involved in producing goods and services and distributing them to customers by creating the value.

Role of operations management changed from last five decades:

It has changed from focusing on efficiency to focus on the effectiveness.
Based on competition, from local to global competition.
From the mass production to mass customization.
From exploiting the environment to protecting the environment.
It has changed from simple supply chains to the complex value supply chains.
It has changed from goods to the services.

Thus, based on these areas the role of operation management has changed from past five decades.

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I need the correct answer to this financial accounting problem using the standard accounting approach.

Answer 2

Question

Chapter 17, Problem 1LO

Summary Introduction

To discuss: Operations management and role of operations management from last five decades.

Expert Solution & Answer

Explanation of Solution

Operations management is process of managing all the activities involved in producing goods and services and distributing them to customers by creating the value.

Role of operations management changed from last five decades:

It has changed from focusing on efficiency to focus on the effectiveness.
Based on competition, from local to global competition.
From the mass production to mass customization.
From exploiting the environment to protecting the environment.
It has changed from simple supply chains to the complex value supply chains.
It has changed from goods to the services.

Thus, based on these areas the role of operation management has changed from past five decades.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 17, Problem 1LO

Summary Introduction

To discuss: Operations management and role of operations management from last five decades.

Expert Solution & Answer

Explanation of Solution

Operations management is process of managing all the activities involved in producing goods and services and distributing them to customers by creating the value.

Role of operations management changed from last five decades:

It has changed from focusing on efficiency to focus on the effectiveness.
Based on competition, from local to global competition.
From the mass production to mass customization.
From exploiting the environment to protecting the environment.
It has changed from simple supply chains to the complex value supply chains.
It has changed from goods to the services.

Thus, based on these areas the role of operation management has changed from past five decades.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 17, Problem 1LO

Summary Introduction

To discuss: Operations management and role of operations management from last five decades.

Expert Solution & Answer

Explanation of Solution

Operations management is process of managing all the activities involved in producing goods and services and distributing them to customers by creating the value.

Role of operations management changed from last five decades:

It has changed from focusing on efficiency to focus on the effectiveness.
Based on competition, from local to global competition.
From the mass production to mass customization.
From exploiting the environment to protecting the environment.
It has changed from simple supply chains to the complex value supply chains.
It has changed from goods to the services.

Thus, based on these areas the role of operation management has changed from past five decades.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 17, Problem 1LO

Summary Introduction

To discuss: Operations management and role of operations management from last five decades.

Expert Solution & Answer

Explanation of Solution

Operations management is process of managing all the activities involved in producing goods and services and distributing them to customers by creating the value.

Role of operations management changed from last five decades:

It has changed from focusing on efficiency to focus on the effectiveness.
Based on competition, from local to global competition.
From the mass production to mass customization.
From exploiting the environment to protecting the environment.
It has changed from simple supply chains to the complex value supply chains.
It has changed from goods to the services.

Thus, based on these areas the role of operation management has changed from past five decades.

Answer 6

Chapter 17, Problem 1LO

Summary Introduction

To discuss: Operations management and role of operations management from last five decades.

Expert Solution & Answer

Explanation of Solution

Operations management is process of managing all the activities involved in producing goods and services and distributing them to customers by creating the value.

Role of operations management changed from last five decades:

It has changed from focusing on efficiency to focus on the effectiveness.
Based on competition, from local to global competition.
From the mass production to mass customization.
From exploiting the environment to protecting the environment.
It has changed from simple supply chains to the complex value supply chains.
It has changed from goods to the services.

Thus, based on these areas the role of operation management has changed from past five decades.

Answer 7

Chapter 17, Problem 1LO

Summary Introduction

To discuss: Operations management and role of operations management from last five decades.

Answer 8

Expert Solution & Answer

Explanation of Solution

Operations management is process of managing all the activities involved in producing goods and services and distributing them to customers by creating the value.

Role of operations management changed from last five decades: