Operations focal point may be defined as the design, operation, and advance of the production governing body that creates the firms primary products and services, or, as Chase, Jacobs & Aquilano (2006) republic trading operations direction is about prepareting the day-to-day decease done quickly, efficiently, without errors, and at low cost. Operations focus is critically authorized in any organization or business nowadays.
Operations management is one of the three major obligations of any organization along with marketing and finance. The operations function is comprised of a significant percentage of all employees and physical assets in most organizations (Thomas, 2005). Operations management determines what should go into an operating system such as equipment, labor, tools, facilities, materials, energy, and information and how these inputs can best be obtained and used to satisfy the requirements of the market place. Activities that fall within the operations management discipline include managing purchases, inventory control, quality management and control, materials management, purchasing, storage, logistics, scheduling and evaluations. Since operations management focuses on efficiency and effectiveness of internal processes, operations management often includes measurement and summary of internal processes (McNamara, n.d.).
The importance of operations management has increased dramatically in recent years.![]()
Foreign competition, shorter product and service life-cycles, better-educated and quality-conscious consumers, and the capabilities of unseasoned technology have placed increasing pressures on operations management to improve productivity while providing a broader start out of high-quality products and services. With the globalization of markets, firms are recognizing the importance of operations management in strengthening their position in the market place.
Operations management is about making the right decisions for the business and an increasingly important area of consideration in making those decisions involves business ethics. A study performed by Webley & More (2002) concluded that thither is strong evidence to indicate that those companies with explicit codes of business...
If you want to get a full essay, order it on our website: OrderessayIf you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment