Operations Management
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Operations management deals with the design and management of products, processes, services and supply chains. Operations management is the management of resources to create goods and services that can be sold to make a profit. These resources include employees, facilities, inventory and time. It is important because it allows a company to make profits if used properly. Operations management is important to an organizationâs managers for at least two reasons. First, it can improve productivity, which improves an organizationâs financial health. Second, it can help organizations meet customersâ competitive priorities. Due to the broad scope of operations management, it is important to note that operations managers are not specialists but generalists who can overview the whole situation and take decisions accordingly.
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