Question
In: Operations Management
What are the operational management tools for financial management ?
What are the operational management tools for financial management
?
Solutions
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 1 year agoRelated Solutions
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