- Production is the process by which raw materials and other inputs are converted into finished products.
- Production management refers to the application of management principles to the production function in a factory. In other words, production management involves application of planning, organising, directing and controlling to the production process.
- Operations management is the process in which resorurces/inputs are converted into more useful products
- Production management and operations management are differentiated based on tangibilities of finished goods/services
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