Discuss the Six Key Current Challenges in Operations Management (OM)

question 59

Essay

Discuss the six key current challenges in operations management (OM) that managers need to understand.

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Definitions:

Supply Products

The activity of making goods available to consumers, often involving manufacturing, distribution, and sale processes.

Demand Resources

The various inputs or factors that contribute to the demand side of the economy, influencing the quantity of goods and services demanded.

Sweden

A country in Northern Europe known for its high standard of living, comprehensive welfare system, and as a member of the European Union, but not using the euro as its currency.

Norway

Norway is a Nordic country located in Northern Europe, known for its extensive coastline, mountainous terrain, and significant oil reserves, which is one of the world's wealthiest nations per capita.