No.6 ~ Importance of Production and operation Management || student notes ||

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00:00 Starting
00:48 Importance to Organization
01:36 Importance to Consumer
01:57 Importance to Investors
03:11 Importance to Employee
03:33 Importance to Suppliers
03:57 Importance to Nation

Importance of Production and operation Management

1.) Importance to Organization
2.) Importance to Consumer
3.) Importance to Investors
4.) Importance to Employee
5.) Importance to Suppliers
6.) Importance to Nation


1.) Importance to Organization

a.) It helps to build a good image of the organization.
b.) It helps in the development of new products.

2.) Importance to Consumer

a.) Increased use-value in the product.
b.) Receive Quality Products

3.) Importance to Investors

a.) Increase security for their investment
b.) Increase Credibility among prospective investors

4.) Importance to Employee

a.) Gets adequate wages or salary
b.) Job security

5.) Importance to Suppliers

a.) Improve relationship
b.) Help in getting future contracts

6.) Importance to Nation

a.) Use Proper utilization of natural resources
b.) Increase the standard of living