Define operations management Operations management is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company's goods and services. It is the management of an organization’s productive resources or its production system, which converts inputs into products or services. 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. is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. Operations is one of the major functions in an organization along with supply chains, marketing, finance and human resources. The operations function requires management of both the strategic and day-to-day production of goods and services. Discuss the key factors that have contributed to the evolution of operations management Operations Management plays a vital role to run any project successfully. Its benefits include: ... Operation management is obligatory for organizations to manage the daily activities seamlessly. With its help, an organization is able to make good use of its resources like labor, raw material, money and other resources. If you go back in time, you can see how several of marks in history have shaped the evolution of operations management. The Industrial Revolution played a significant part for the beginning with the mass production of cars with Henry Ford back in 1903. The company implemented the assembly line concept. It wasn’t until years later back in 1973, Daniel Bell he stated, “the future economy would provide more GDP and employment from services than from manufacturing and have a great effect on society. Since all sectors are highly interconnected, this did not reflect less importance for manufacturing, agriculture, and mining but just a shift in the type of economic activity.” (1) Explain how operations management's role is applied to achieving an organization's strategy Operations management is how business leaders take raw materials and convert them into saleable goods. This is true when the saleable products are products or services. The organizational strategic goal is to use operations management to be as efficient as possible. ... Problems in efficiency require cost-cutting measures. References 1. https://en.wikipedia.org/wiki/Operations_management
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