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What is the APICS?

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EncofBizandFinance

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14y ago
Updated: 8/19/2019

The American Production and Inventory Control Society is known as the APICS

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What does APICS stand for?

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Definition of operation management and production management?

I believe that Production Management is a part of Operations Management. Operations is the bigger picture of various functions that affect the overall process and quality of an organizations services or manufacturing. Here is a definition of Operations Management that lists "production management" as a part of the whole. In business, all the different aspects of operations is typically overseen by the COO or Chief Operating Officer. Most people do not know what business operations entails because it tends to be a broader discipline. Unlike project management, which has defined completion to a task; operations management deals with processes, resource allocation, and quality to run the business day to day in an efficient and effective manner. APICS The Association for Operations Management also defines operations management as "the field of study that focuses on the effectively planning, scheduling, use, and control of a manufacturing or service organization through the study of concepts from design engineering, industrial engineering, management information systems, quality management, production management, inventory management, accounting, and other functions as they affect the organization".[1]


Pursuing a Career as an Operations Manager?

What is operations management and why is it such a pivotal role for businesses? Operations management is the process of managing a company’s entire internal structure. It involves ensuring the work processes from one department to the next are seamless and efficient. In essence, operations managers must manage the day to day operations of the company in the most cost efficient manner possible. This involves managing a company’s manufacturing, procurement, logistics and inventory departments. Operations managers are responsible for ensuring that a company’s work processes and procedures protect the company’s interests while ensuring the most efficient process possible. Operations managers must be analytical, forthright and have the ability to provide immediate solutions and the intestinal fortitude to see them to their successful completion. Because operation managers are involved in multiple business functions, they must be adept at managing multiple departments and tasks. In most cases, operations managers are involved in departmental budgets and setting up cross-functional project teams to handle company wide issues. What’s needed to become an operations manager and what can one expect in terms of salary? APICS membership, operations management & business administration degrees are preferred A number of operations managers are APICS (American Productivity & Inventory Control Society) members. This affords them the opportunity to keep their skills and business knowledge up to date. For the individual looking to get started, a degree in operations management and business administration provides the perfect foundation. Since operations managers are involved in a myriad of business functions, they must be well versed in the costs and necessities of running a business. Salary and career aspirations for operations managers Entry level positions for operations managers typically pay around $45,000.00 annually. However, because the scope of the operation manager is so large, there really isn’t a ceiling on salary or career. Many operations managers make lateral movements into other departments or even upward movements to becoming a president, CEO or even a board member of a publically traded company. In terms of being an operations manager and discussing career and salary aspirations, an argument can be made that the skies the limit! Operations managers are critical to managing the day to day operations and costs of companies. Because they are involved in so many aspects of business, they are an essential component in a company’s ability to improve its service capabilities and controlling costs.


Pursuing a Career in Supply Management?

Interested in a career in supply management and unsure of what’s involved? Managing a company’s supply chain involves minimizing inventory costs in all its forms, managing a company’s vendors and ensuring the company never purchases too much or too little inventory. Most importantly, it means making sure the supply chain management approach meets the company’s needs, its customers’ order patterns and the market or industry the company services. In essence, supply management involves ensuring the inventory levels are sufficient enough to meet the demand of the company’s sales forecast. The supply chain manager must be able to secure favorable pricing on parts and materials, minimize the impact of freight costs and guard against inventory damage and obsolescence. It’s a tall order! However, it’s an extremely rewarding career and supply management professionals have an immediate impact on a company’s success. Every dollar saved on prices, freight and inventory goes directly to the company’s bottom line. So, what are the necessary criteria for a career in supply management and what can someone expect in terms of income? Education required for a career in supply management Typically employers look for individuals with degrees in operations management, business administration or purchasing and inventory control. Most supply managers make it a point to join APICS, which stands for the American Productivity & Inventory Control Society. APICS members benefit from constant training modules and case studies in order to improve their abilities and keep their skills up to speed. Since managing a supply chain involves an understanding of logistics management as much as it does procurement, professionals make sure to constantly upgrade their abilities. Salary expectations for supply management professionals According to the National Association of Colleges & Employers, the average starting salary for new supply managers is typically around $47,000.00 annually. In terms of the top salary for supply managers, it really depends upon the industry and the scope of responsibilities. It’s not uncommon for supply chain executives to earn upwards of $250,000.00 or more in salary and compensation. However, it requires years of training and experience to achieve this level of compensation. Becoming a supply manager requires the ability to manage multiple functions at the same time. It’s as much about negotiating favorable pricing and supply agreements as it is about managing vendor relationships. It requires the ability to pursue the most cost efficient method of procurement while mitigating the costs of inventory at every opportunity.