Operations management is the strategic and systematic approach to overseeing the processes that create goods or deliver services, ensuring a business can operate efficiently, grow, satisfy customers, and achieve profitability.
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what is operations
management operations management is a
large term for several smaller subjects
when a company wants to operate smoothly
grow their business satisfy customers
and make money operations management is at
at
work Ecommerce Global competition
customer service productivity and
quality are all parts of operations
management without globalization it is
impossible for a company to expand to a
larger more beneficial Market if a
company does not have good customer
service then it will not have satisfied
customers and therefore no business and no
no
profits productivity and quality must be
at a maximum in order for them to make
the most money for a business
all of these elements need to work
together to create a successful
business so what exactly is operations
management operations management is the
management of systems or processes that
create Goods or provide
services let's start with Goods goods
are defined as physical items that
include raw materials parts and
subassemblies as well as final products
such as cell phones and
Automobiles these Goods cost the
consumer money and are sold by a
business services on the other hand are
activities that provide some combination
of time location form or psychological
value these are also provided by a
business examples of goods and services
can be found all around
us all businesses have a supply chain a
supply chain is a process that is put in
place by a company in order to gather
materials produce and distribute their
product these Supply chains can include
a business's facilities functions and
activities that are involved in
producing and delivering a product or
service a supply chain sequence begins
with raw materials and concludes at the
final product which the customer purchases
purchases
there are three types of interrelated
processes that businesses are composed
of these processes include upper
management processes operational
processes and supporting
processes each of these is different and
corresponds to different levels of a
company similar to their
titles all businesses no matter what
size use these basic processes to
produce and provide the products and
services that we as consumers
desire operations management includes
many activities that a company uses to
allow it to run more
smoothly these include forecasting
capacity planning facilities and layout
scheduling managing inventories assuring
quality motivating and trading employees
locating facilities purchasing
distribution and maintenance
forecasting involves identifying Trends
in a company's past data in order to
plan for the
future this allows for a company to be
able to order raw materials hire and
fire employees and identify the products
that will be the most profitable in the near
near
future forecasting goes hand inand with
capacity planning as well as
purchasing these activities would not be
completed completed accurately without forecasting
forecasting
managing inventories also is closely
related to capacity planning purchasing and
and
forecasting however inventories are
managed more often and with less lead
time than the previously mentioned
activities distribution is similar to
managing inventories because of the lack
of lead time given before a product
needs to arrive to a
customer motivating and training
employees is an activity connected to
assuring quality for the company
if a company's employees are motivated
and excited to work then the quality of
a product is going to be better than if
an employee didn't have that
motivation placement of facilities is
essential in the distribution of
products to the customer and even the
transportation of raw materials to a
company locating the placement of a
facility is based on the closeness of a
supplier as well as the cost of
distribution and the distance to
customers so why Lear learn about
operations management businesses are
created to be profitable and successful
things like forecasting location
planning and quality assurance are
essential in creating a profitable
Business Without these tools that
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