The administration of transformation processes that create value for customers by meeting their needs or enabling them to meet their own needs is known as
A)supply chain management.
B)operations management.
C)change management.
D)process management.

Question

Quizplus · Accepted Answer

Operations management is the administration of business practices aimed at ensuring maximum efficiency within an organization, which in turn helps to improve profitability. It involves managing the process that converts inputs (in the forms of materials, labor, and energy) into outputs (in the form of goods and/or services) that provide value to customers, thereby meeting their needs or enabling them to meet their own needs.

The Administration of Transformation Processes That Create Value for Customers