There are many similarities and overlapping in between these two concepts yet there are differences for them to exist as two distinct processes in an organization. Operations management is essentially about keeping things organized in the operations or production arm of your business. The relationship between operations and maintenance is not the only one that is important. 82 Production and Operations Management—An Overview . For instance, operations should have confidence that the preventive maintenance work that maintenance does is appropriate to achieve the reliability they need and does not waste resources. Functions of POM Production/operation management is a component of organization which concerned with the creation of utility in raw materials through conversion process. Production & Operations Management : By Panneer saivem, R.(2'1 Edn.) PHI 4. Productivity is a relationship between the output (product/service) and input (resources consumed in providing them) of a … The Link between Opetations and Finance 81 Chapter The Link between Operations and Finance 10 the reader new to the area of operations management. Production, the creation of products and services, is an essential function in every firm.Production turns inputs, such as natural resources, raw materials, human resources, and capital, into outputs, which are products and services. As a part of management, it has following functions: Planning: Organizing: Controlling: Behaviour: Models: FUNCTIONS OF POM- By Birodh Adhikari SSMC Production & Operations Management : By Chary, S.N. Supply Chain Management vs Operations Management Supply Chain Management and Operations Management are two terms that are often confused by managers in big organizations. This requires a high level of communication and cooperation. Why is production and operations management important in both manufacturing and service firms? February 2015; International Journal of Operations & Production Management 35(2):282-315; … The relationship between lean operations and sustainable operations. the pre ous chapters might has e appeared more technical than expected.