Operations management is the process of overseeing and controlling an organization's activities. It involves planning, organizing, and supervising the entire production timeline, from input to output.
Operations management focuses on effectively managing resources, such as materials, labor, and technology. Some primary activities of operations management include: job design, scheduling, materials management, capacity management, facilities management, and quality management.
Operations management includes three levels: strategic, tactical, and operational: Strategic: Defines company goals Tactical: Outlines a plan to implement that strategy Operations: Contains the daily operations required to produce the desired outcome
Operations management is important because it helps enhance efficiency and maximize profit. It also refers to the management of functions that a business needs to run effectively day-to-day, including overseeing multiple departments and providing goals.
Join 4M+ learners. Unlock unlimited quizzes, wrong-answer tracking, flashcards + reminders, study guides, and 1-on-1 challenges.