In: Operations Management
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Assignment Question(s): (Marks 5)
Question : Describe the nature of operations management in the following organizations. In doing this, first describe the operation process of the production system. Second, identify operations decisions.
Answer :
Operations Management is the management of an organisation's productive resources or itsproduction system, which converts inputs into the organisation's products and services. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization
According to Galloway : “Operations management is concerned primarily with manufacturing or the change of state of physical goods”. Operations management is the central core function of every company. This is true regardless of the size of the company, the industry it is in, whether it is manufacturing or service, or is for-profit or not-for-profit.
Nature of Operations Management :