Productivity is a relationship between the output (product/service) and input (resources consumed in providing them) of a … Production, the creation of products and services, is an essential function in every firm.Production turns inputs, such as natural resources, raw materials, human resources, and capital, into outputs, which are products and services. PHI 4. February 2015; International Journal of Operations & Production Management 35(2):282-315; … For instance, operations should have confidence that the preventive maintenance work that maintenance does is appropriate to achieve the reliability they need and does not waste resources. The relationship between operations and maintenance is not the only one that is important. As a part of management, it has following functions: Planning: Organizing: Controlling: Behaviour: Models: FUNCTIONS OF POM- By Birodh Adhikari SSMC The Link between Opetations and Finance 81 Chapter The Link between Operations and Finance 10 the reader new to the area of operations management. Supply Chain Management vs Operations Management Supply Chain Management and Operations Management are two terms that are often confused by managers in big organizations. Why is production and operations management important in both manufacturing and service firms? 82 Production and Operations Management—An Overview . Production & Operations Management : By Panneer saivem, R.(2'1 Edn.) Functions of POM Production/operation management is a component of organization which concerned with the creation of utility in raw materials through conversion process. This requires a high level of communication and cooperation. the pre ous chapters might has e appeared more technical than expected. Production & Operations Management : By Chary, S.N. There are many similarities and overlapping in between these two concepts yet there are differences for them to exist as two distinct processes in an organization. The relationship between lean operations and sustainable operations. Operations management is essentially about keeping things organized in the operations or production arm of your business.