What are the operational management tools for financial management ?

Expert Solution

Operations management is an area of business concerned with designing and controlling the process of production of various goods and services. It ensures that business operaions would be carried out efficiently with minimum amount of resources and effectively in the righ manner.

Certain operational management tools are used for financial management :

Quality Control : Quality Control tool can be used for financial management as well n order to assess the quality.

Cash Flow : Cash flow is assessed and monitored.

Cost Reduction : Measures would be taken for cost reduction so as to make the system efficient.

keosha answered 2 years ago

what are the main financial risk management tools and techniques? what are the steps involved in...

what are the main financial risk management tools and techniques? what are the steps involved in the financial risk management process?

What are the generic tools used to deal with the exposures in the area of financial risk management?

Discuss why financial and operational indicator analysis and key performance indicator dashboard tools are important to...

Discuss why financial and operational indicator analysis and key performance indicator dashboard tools are important to healthcare management.

Question

What are the operational management tools for financial management ?

Solutions

Expert Solution

Related Solutions

what are the main financial risk management tools and techniques? what are the steps involved in...

What are the generic tools used to deal with the exposures in the area of financial risk management?

Discuss why financial and operational indicator analysis and key performance indicator dashboard tools are important to...

List and dicusss as many tools for financial analysis/ management.

comprehensively discuss the main financial management tools and techniques

IT Project Management Tools Describe the tools and technology used to support IT project management. What...

Which type of audit is a “basket” of the other types? Financial Operational International Management

What are some management strategies for using credit, receivables, and cash as short-term financial tools? What...

Explain operational risks and give two examples of such risks faced by management at financial institutions

what is the tools of risk management for insurance companies ?