Manufacturing does not just offer products, and service organizations do not just offer services. Both types of organizations normally provide a package of goods and services. Although service provides cannot inventory their outputs, they must inventory the inputs for their products. As for customer contracts, many service operations have little outside customer contracts. Such as…
Operation management refers to the direction and control of the process that transforms inputs into products and services. Broadly interpreted, operation management underlies all functional areas, because, processes are found in all business activities. Narrowly interpreted, operation refers to a particular department. What is Operation Management? – Why Operation Management is a Systematic Design Direction…
Vertical integration strategy combines backward integration and forward integration. Vertical integration strategy expands business backward into the sources of supply and forward toward the users of the products. What is Vertical Integration? Vertical Integration is the degree to which a firm’s production system or service facility handles the entire supply chain. It is an arrangement…