This assessment will cover the following questions:
- Rolls Royce is the luxury brand that is associated in offering lavish cars and is the wholly owned subsidiary of BMW AG. What tactics have been opted by Rolls Royce for competing in auto-mobile industry?
- Explain the issues with respect to operations and supply chain that arise in successful conduct of operations in Rolls Royce?
- How does economic, environmental and social factors the sustainability in business?
Operation administration is management of business practice to make the highest degree of efficiency possible within company (Nakamura and et.al., 2015). It is considered with converting raw materials and people into services and products as effectively as possible to increase profit of business. Operation management is function of business, team member in operation are accountable for managing, procedure of producing goods or services. It includes planning, coordinating, organizing and controlling all resources required to produce business services or products.
Production of product is one of the main operation of organization that supports market to delivery quality goods. Different types of service deliver system and manufacturing procedures uses in operation management which is quite beneficial for business. Along with this, logistics is another essential operation of company, it is the management of information or transportation, from one place to another. It includes many things like inventory, supplies, transportation, packaging and sometimes security. Supply chain management is the administration of flow of services or goods and includes all process that convert raw materials into final