GENERAL KNOWLEDGE

Detailed explanation-1: -Sustainable Operations Management applies the issues of sustainability to all strategic decisions of operations: capacity management, supply network, process technology, and development and organisation.

Detailed explanation-2: -The four competitive priorities for operations strategy and management include cost, quality, flexibility, and speed. Consideration and strategy concerning how to stand apart from the competition in some or all of these will drive your company’s growth and continued success.

Detailed explanation-3: -They include product designing, control of the quality of goods, the location strategically that will id in the disposal, the laid-out design of the goods, inventory and product development that ends up with a product at hand. Financial concepts are not involved in operations management.

Detailed explanation-4: -Sustainability in business refers to a company’s strategy to reduce negative environmental impact resulting from their operations in a particular market. An organization’s sustainability practices are typically analyzed against environmental, social, and governance (ESG) metrics.