What is important to know about Production and Operation Management ( P &OM) environments? What are the pitfalls that stakeholders must overcome to run a smooth and efficient operation?
Expert Answer
Production and Operations management enviornment is about using technology along with human being to have optimum production in least cost in right time. This is surrounded by some Environmental factors which are External in nature for any organization. They are dependent majorly on micro and macro economic factors. Some of these external factors include:
Power and supply
Transportation
Tariffs
Taxation norms
GOvernment regulation factors
Labor
National and INternational economic conditions
They become complex because of changes
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