Importance Of Operations Management And Its Functions Essay

For proper functioning of any organization, be it a non-profit organization or a profit making organization, strategic management is very vital. Strategizing the plans enables the management to know what to do, how to do it, why, where and when to do it so that the organization may continue existing. However, the strategic management can be termed void without operations management. Operation management is an instrument of successful reaching of the required objectives of the strategic management in relation to the environment. In this part of the report, we highlight the importance of operations management and its functions. We also evaluate this kind of management using a process model and thereafter state the importance of Three E’s to an organization. The report will be considered incomplete if we fail to talk about the impact of the tension between cost minimization and quality maximization as well as the significance of the five performance objectives that underpin oper ations management. 1.1. Importance of operation management for organizations Operations management is a core discipline in the activities carried out in any organization. Somehow we may term it as an engine of an active organization. Without operations management, the company or the organization in question is automatically on its way to death or it has already died. This leads us to the question of what importance do the operations management have on the well-being of organizations? OperationsShow MoreRelatedOperation Management Definition Paper921 Words   |  4 PagesOperation Management Definition Paper The purpose of this paper is to describe the importance of operations management to a health care organization. In addition, the author of this paper will provide a personal definition of what operations management means and why is important to a healthcare organization. According to the Institute of Operations Management The cost of providing fast, reliable health care is always an emotive issue, but it has been brought to the fore again via theRead MoreMaterials Management Proposal1445 Words   |  6 PagesMaterials Management Proposal Laura Dean 2/7/2011 Materials Management Proposal Materials and operations management play a crucial role in the success of any organization. Of particular importance to the materials and operations divisions is management’s complete understanding of the hospitals functions as a whole entity. After reading this paper, one will understand the importance of materials management and operations management as well as how both departments must work together to ensureRead Moreplanning and controlling1118 Words   |  5 Pagesand operate an effective organization, all managers perform several major functions or activities. These functions enable managers to create a positive work environment and   to provide the opportunities and incentives. The key   management functions include   -Planning -Organizing -Directing   -Controlling. Each of these functions are critical to the success of any manager and organizations. The primary function of the four is PLANNING. Planning is the process of analyzing the situationRead MoreThe Importance Sustainable Purchasing Supply1625 Words   |  6 PagesThe Importance Sustainable Purchasing Supply Name Institutional Affiliation Date The Importance Sustainable Purchasing Supply The purchasing and supply function is strategically vital in laying the foundation for an organization to acquire a competitive advantage. I have taken this stance following thorough literature reviews and taking into consideration statements that are relative to pertinent techniques, tools, and models. In addition, it has been taken into consideration with a focus onRead MoreProduction and Operations Management1511 Words   |  7 PagesBBA – 305 PRODUCTION OPERATION MANAGEMENT Model Questions based on Previous years Question Papers UNIT – I Qs. 1 : Explain the importance of Production Operation Management in current scenario. Why it has become an integral part of Business Education ? State with examples. [BBA-IP: Dec. 2011] Qs. 2 : Operation Management is becoming a very important subject in Business Education in the last fewRead MoreLogistics Management And Supply Chain Management1171 Words   |  5 PagesLogistics and Supply Chain Management Topic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased significantly that resultRead MoreAnalysis Of Functions Of Effective Management Essay1429 Words   |  6 PagesIntroduction Normally, management is generally known as that social process which entails the fulfillment of the given set objectives of a particular organization through effective and economical regulation and operation of the organization. The system is a dynamic process since it consists of handling of different activities and elements each time. However, these elements and activities are not like the operative functions which merely involve finance, purchasing, marketing and many more of similarRead MoreConcept Of Operation Management For Senior Management972 Words   |  4 PagesConcept of Operation An operation is characterized as far as the mission it serves for the association, innovation it utilizes what s more, the human and administrative procedures it includes. Operations in an association can be ordered into assembling operations and administration operations. Fabricating operations is a change process that incorporates assembling yields an unmistakable yield: an item, though, a transformation process that incorporates administration yields an elusive yield: a deedRead MoreProject Scope, Schedule, and Budget Planning: Riordan Manufacturing1002 Words   |  4 Pagesprovides the technical and process expertise as well as executive management to the Chinese joint-venture. Riordan originally chose the Hangzhou location because of the proximity to the Qiantang River and its logistical function of allowing the factory to use the river for the delivery of goods. The location was also well suited to source raw materials as well as work with other regional suppliers. However, as the factorys operations continued to grow, this required the use of shipping ports locatedRead MoreQuestions On The Research Process Essay1184 Words   |  5 Pagesresearch? â€Æ' 1.3 Justify their choice of research question Operations Management can also be defined as the art of manipulating and applying direction and controls of the process that transforms inputs for customer’s satisfaction. (Kamauff, 2009). Sanders (2013) opined that operations management is the function responsible for managing the process of creation of goods and service. With that being said, it does appear that operations management is critical for maintaining customer’s satisfaction and