Types of Operations Management:
- Strategic Operations Management:
- Encompasses planning, implementing, and supervising the production of goods or services.
- Product-Based Operations Management:
- Concerned with optimizing processes and resources for delivering physical products.
- Managing Operations:
- Involves managing finances, information, and resources efficiently.
Processes in Operations Management:
- Process management
- Capacity and scheduling management
- Inventory management
- Quality management
General Functions of Management:
- Planning
- Organizing
- Staffing
- Leading
- Controlling
Conclusion:
Operations management involves overseeing, designing, and controlling processes to produce goods and services efficiently. Operations managers aim to maximize profits, reduce costs, and meet customer expectations. Their responsibilities vary based on company size and industry.