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5 P’s of Operations Management 1. Product Defined as anything that can be offered to a market that might satisfy a want or need In manufacturing, products are purchased as raw materials and sold as finished goods 2. Process Defined as a designed sequence of activities for changing the properties or attributes of an object or system 3. Plant Refers to a place where goods and services are produced Commonly referred as factory, mill or establishment 4. People Referred as human resources who are engaged in operations 5. Programmes Defined as a planned series of events

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