Mkt 421 Week 2 Assignment

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Week 2 assignment How do changes such as demand changes, new pollution control laws, the changing value of currency, and price changes affect operations? Name specific impacts on operations and the supply chain for each change. Operations management is not a sustainable thing. It always changes and copes with new challenges in the future. First, globalization is one of the integral challenges facing operations management today and into the future. Operations managers will have to face global competition today and in the future. One of the examples is the lawsuit between Apple and Samsung now. Apple has started proceedings against Samsung for copying the designs of iPhone and iPad (Daily Mail, 2011). Although Samsung – a Korean company is a supplier and partner of Apple – an American group,…show more content…
Production management is: Production management means planning, organising, directing and controlling of production activities. Production management deals with converting raw materials into finished goods or products. It brings together the 6M's i.e. men, money, machines, materials, methods and markets to satisfy the wants of the people. Production management also deals with decision-making regarding the quality, quantity, cost, etc., of production. It applies management principles to production. Production management is a part of business management. It is also called "Production Function." Production management is slowly being replaced by operations management. The main objective of production management is to produce goods and services of the right quality, right quantity, at the right time and at minimum cost. It also tries to improve the efficiency. An efficient organisation can face competition effectively. Production management ensures full or optimum utilisation of available production capacity. Importance of Production Management  Accomplishment of firm's

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