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All event, views, points, and, pedagogy work put forth in the coming session/s is/are fictitious. Any resemblance to real events, views, points, and, pedagogy work is purely coincidental
Introduction to Quality and Operations ManagementByAmar BakleDated: 23rdJanuary, 2020
Definition of Operations ManagementOperations managementis an area of managementconcerned with designing and controlling the process of productionand redesigning business operationsin the production of goodsor services. It involves the responsibility of ensuring that businessoperations are efficientin terms of using as few resources as needed and effectivein terms of meeting customer requirements. Operations management is primarily concerned with planning, organizing and supervising in the contexts of production, manufacturing or the provision of services.Operations 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. Operations management teams attempt to balance costs with revenue to achieve the highest net operating profitpossible.Source: https://en.wikipedia.org/wiki/Operations_management
Nature of Operations ManagementFlexibilityThe QualityCo ordinationEffectivenessProfitabilityMeasurableThe WatchingEvaluatingConcentrationAnalysisThe Speed of ExecutionRapid Reaction CapacityStructural Organizational Flexibility12 ComponentsForecastingLocation StrategiesMaintenancePurchasingSchedulingTotal Quality ManagementQualityJust in TimeMaterials Requirement PlanningProcess and System Performance

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