Core Fundamentals of Operations Management
This article volition verbalise over the basics of operations management equally it pertains to business.
What are operations?
The part of a concern organisation that is responsible for producing goods or services. Operations are 1 of the iii major functions of every business.
How tin dismiss nosotros define operations management?
The management of systems or processes, including financial matters, that do goods and/or provide services.
At the center of operations management is the furnish chain.
Supply Chain
The furnish chain is a sequence of activities as well as organizations involved inwards producing as well as delivering a practiced or service.
For a meliorate thought of how a furnish chain plant accept a hold off at the listing of typical furnish chain components or parties below.
Supply Chain Hierarchy
- Supplier for suppliers
- Direct suppliers
- Producer
- Distributor
- Final customers
The management of the furnish chain may move the nearly of import appear of operations management.
The other part of operations management that rivals furnish chain management inwards importance is the overall planning as well as purpose of the company.
This must move planned as well as constantly reviewed as well as revised equally needed.
Hierarchical Planning Process
- Mission
- Goals
- Organizational Strategies
- Tactics
- Functional Strategies
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