What Is Operations Management?
What is Operations Management?
Any companys outcome depends primarily on how the core activities are carried out. In the recent times, there is an acute scarcity of resources which is increasing the demand for available resources. Hence optimizing the resource consumption is the pivotal activity of any company. This requires meticulous planning by operations department. Operations encompasses all the activities in any firm, be it a manufacturing or a services company.
Role of operations in a company:
Operational activities encompass every activity that the company undertakes in order to add value to its product. These activities may be specific to a certain type of industry. For example, in a manufacturing sector the company may appoint a person to take care of procurement, whose job is to identify potential suppliers and see that the raw material is neither excess nor insufficient. Practices like this will help the company to optimize its output. Planning of production, value engineering, supply chain management, inventory management and quality management are some of the common practices carried out by companies.
Role of an operation manager:
Operations management is an attractive career opportunity for any management aspirant. It can be interesting and promising careers for management students as the responsibilities of an operational manager range from helping the company to plan its financial resources to design a marketing strategy depending on the production capacity of the company. Day to day activities include procurement, planning, and control of raw materials, planning of work force on the shop floor(plant) , developing efficicent logistics etc.
Importance of Operations Samathi:
Objective of