Operations management

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Operations management is a subfield of management that focuses on the planning and administration of the production process, as well as the reorganisation of corporate operations that are involved in the manufacturing of products or services. It entails the duty of ensuring that the operations of the company are efficient in terms of utilising as little resources as necessary while effectively serving the expectations of the customers.

The management of a full production or service system, which is the process that transforms inputs (in the forms of raw materials, labour, consumers, and energy) into outputs (in the form of products and/or services for customers), is the focus of this aspect of operations management. The operations manufacture goods, are responsible for managing quality, and produce services. Management of operations encompasses a wide range of domains, including financial systems, hospitals, businesses, interacting with consumers and suppliers, and the use of technology. Along with supply chains, marketing, finances, and human resources, operations is one of the most important jobs that a corporation does. The administration of both the long-term strategy and the day-to-day activities of the production of products and services is required by the operations function.

Whether you're operating a manufacturing or service operation, you'll need to make a variety of choices, including those pertaining to operations strategy, product design, process design, quality management, capacity, facilities planning, production planning, and inventory control. Each of these involves the capacity to examine the present situation and come up with better ideas in order to increase the efficacy and efficiency of the activities involved in producing or providing services. Newer textbooks on the topic often provide students with an updated and cohesive perspective on the many of facets that make up operations management.