Characteristics of modern production and operation function
Answers
Characteristics of Modern production and operation function are
1) It views manufacturing as a competitive advantage.
2) Service Orientation.
3) Due to better and efficient technology it has led to disappearance of smokestacks. This also has led to a positive environment impact.
4) Small has now become beautiful.
When the output of various transformation processes on an input or inputs is product centric, it is called production. These products can be used over an extended time period. Developing products involve less labor and more capital equipment.
On the other hand, if the output is service centric, then it is called operation. Unlike products, services must be availed immediately. Services on the other hand need more labor and less capital equipment.