1. Product-Based Operations Management Lays Definition: Product-based operations management centres around operations processes that transform key resources used for the manufacturing and delivery of tangible goods and transportation services. It’s concerned with optimizing the processes and key resources involved in producing and delivering physical products similar service to customers. Key Characteristics: Production Systems: Emphasizes efficient manufacturing systems and assembly lines. Quality Control: Focuses on maintaining high-quality standards in product development. Inventory Management: Strives to balance inventory levels to meet demand without excess.