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Title: OPERATIONS MANAGEMENT
Description: Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.
Description: Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.
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OPERATION MANAGEMENT
Operations management is an area of management involved in planning, conducting the
process of production, and redesigning business operations and production of goods or
services
...
The nature of operations management
Operation management is a dynamic process that keeps changing as per market trends
...
Operations management is a continuous process, it is engaged by organizations for
managing its activities as long as they continue their operations
...
The operations management responsibilities are:
1
...
It
involves developing new concepts or expanding on current ideas in a process that will lead to
the production of new products
...
2
...
The forecast helps the company to determine the future trends and the
number of products needed to satisfy the market demand
...
Supply chain management
A supply chain is an associated network of individuals, associations, resources, activities, and
technologies involved in the manufacture and sale of any product or service
...
The operations manager manages control of
inventory, the production process, distribution, sales, and sourcing of goods at acceptable
prices
...
Delivery management
Delivery management is one of the major responsibilities of the operations manager
...
They should
follow up with consumers to ensure that the products delivered are what they required and
meet their needs
...
They review the quality of products that would suit
customers on and after delivery
...
It is the only way to measure
employee’s effort
...
Customer satisfaction: operation management helps to enhance the goodwill and presence
of the organization
...
Maximize revenue: operational management directly affects the profitability of the
organization
...
Operations managers review every production activity and take all significant
steps for maintaining productivity in the organization
...
Improve innovation: operation management implements innovative changes in
organizational activities
...
It considers all
technological changes and develops a strong base of knowledge and operations
Title: OPERATIONS MANAGEMENT
Description: Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.
Description: Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.