4 major factors affecting Operations Management ?
1. Government - regulation of business such as environment issue, safety, product liability, and taxation. it can either help or hurt your business.
2. Economy - economic conditions influence the demand for a company's products or services and the availability of inputs. (i.e. recession times, increase global competition)
3. Competition - global competition, companies resorting to worldwide sourcing. transportation of products less costly than they used to be. worldwide communications are fast, effective, and cheap (i.e. internet search and websites).
4. Customers - consumers and industrial customers became more demading and expectations are higher ( price, quality and delivery lead time).