What is Operation Management?

annie_long

Operation management is the process of managing the day-to-day operations of a business. It includes planning, organizing, staffing, directing, and controlling the resources needed to produce a company's products or services.

A good example of operation management is a company's production process. This process includes everything from the procurement of raw materials to the shipping of finished products. In order to run smoothly, the production process must be well-organized and efficient.

ticklishelephant325

Operation Management is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.

In manufacturing, for example, operations managers are responsible for planning, directing, and coordinating the activities of workers who turn raw materials into finished products. They also develop processes and procedures that increase productivity and minimize costs. In service industries, operations managers are responsible for designing, executing, and supervising the processes that create and deliver services. They also develop and implement policies and procedures to ensure that services are delivered efficiently and effectively.

Operations managers use a variety of tools and techniques to improve the efficiency of their organizations. Process mapping, for example, is a technique that can be used to visualize the steps in a process and identify inefficiencies. Value stream mapping is another technique that can be used to identify the steps in a process and the value that each step adds to the final product or service.

Blackdog386

Operation management deals with the design and management of products, processes, services, and supply chains. It turns inputs (e.g. materials, labor, and energy) into outputs (e.g. goods and services).

For example, a company that manufactures automobiles will have to design the production process, procure the required inputs, manage the production process, and then finally distribute the finished product. The goal of operation management is to maximize efficiency while ensuring that quality standards are met.

There are various approaches to operation management, such as the lean approach, just-in-time (JIT) production, and Six Sigma. The choice of approach depends on the specific organization and the products or services it produces.