Operations Management involves all activities that transforms resources into final product in an efficient manner while satisfying customer needs. Product can be a goods or service. In today's competitive world businesses try to maximize their profits by increasing the efficiency of processes and techniques used to transform resources into final product.
So in order to figure out efficient ways, businesses needs to gauge their current process and continuously improve it to increase their profits. Studying operations management allows businesses to do just that.
Managers are responsible for the daily operations of the organization. They are leaders of the organization who inspire and affect the behaviors of the workers.
James A. Fitzsimmons has written: 'Service management for competitive advantage' -- subject(s): Service industries, Management 'Service operations management' -- subject(s): Service industries, Management, Study and teaching, Industrial management, Operations research
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]
The major branches of management are financial management, marketing management, human resource management, strategic management, production management, operations management, service management and information technology management. The efficient and effective operation of a business, and study of this subject, is called management.
The Institute of Operations Management Level 3 course is aimed at those who are new to the operations management and supply chain management profession, or those who are already employed in operations management wishing to gain a formal qualification in the subject. The IOM Certificate in Operations Management provides educational support for industry with this general coverage of Operations Management and its role in supply chain management.
Ray Wild has written: 'Production and operations management' -- subject(s): Industrial management, Production management 'Women in the factory: a study of job satisfaction and labour turnover' -- subject(s): Case studies, Electronic industries, Employment, Job satisfaction, Labor turnover, Management, Women 'Management and Production Reading' 'Essentials of Operations Management' 'Concepts for operations management' -- subject(s): Industrial management, System analysis 'A Clock Called Kate (Read & Explain Books)' 'Operations Management' -- subject(s): Case studies, Industrial management, Problems, exercises, Production management
If I had to guess I think operations and supply management would NOT involve Portfolio Management
Jay H. Heizer has written: 'Additional problems and exercises [for] Operations management, sixth edition [and] Principles of operations management' -- subject(s): Problems, exercises, Problems, exercises, etc, Production management 'Operations management' -- subject(s): Production management 'Principles of operations management' -- subject(s): Production management 'Operations management' -- subject(s): Production management
how to affect virtual enterprises to operations management?
operations management focuses on on quality dimensions which require knowldge of operations management
Association for Convention Operations Management was created in 1988.
Explain the significations of Operations management?