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Elements of Operations Management
1. Planning
This is the setting of appropriate courses of action to achieve the systems objectives.
2. Organising
This is the assembling of the resources (people, materials, money and equipment) required to execute the planned actions.
3. Controlling
This is the measurement of actual performance against the plans, and initiating appropriate corrective measures, as required.
Firms do not compete only against global competitors, but against- Their suppliers. Themselves. The customers of their competitors. Their competitors supply chains.
Time and Motion Study
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