Question

How Does Operations Management Improve the Efficiency of a Business Operation?
Please provide the references.

Answer 1

The term operations management refers to the coordination and culmination of primary business undertakings that result in achieving organisational goals and objectives. Operations management focuses on aligning operations with the company's objective helping the business go where it wants to go. Though this may seems to overarching to include mundane daily tasks, there are many examples of how good operation management can improve the efficiency of a business operation.

Governing mechanism is the viewing operations management as a centralised governing mechanism for a company translates its role in business operation. for example, operation management defines designs and implements inter office communications utilised everyday such as business and financial firms. It also designates tasks to departments, supervisors and subordinates. Operation management handles things such as personnel management and training and performance evaluation for audits. staying abreast with the efficient documentation procedures are consequential personal issues can streamline daily tasks.

Inventory control inventory : Inventory is one of the most difficult system in any business. It can determine what you have when you have it and whether your funds and investments are sitting on shelves collecting dust or working for you. Operation management oversees inventory system which determine how effectively your inventory is managed. your inventory control dictates how your inventory flows. It commands and directs whether or not an employee has products on hand or if customers are forced to wait on back ordered items.

Quality control: quality is more than simply having a good and dependable product that plays customers. It is larger than just assuring that your brand meets expectations. Quality can handle the overall excellence of all operations and policies of the company as a whole. For example, it can determine how employees perceive the company's ability to provide for and protect the staff in order from them to focus only on satisfying the clientele. Taking care of the organisation holistically enbles smoother workflow and fewer distractions.

Supplychain management: supply chain management is the entire process, from start to finish, detailing how a consumer gets your company's product or service. This includes purchasing and procurement storage and transportation and delivery. Supply chain management also includes implementing technology to assist staff in the process as well as developing and sustaining professional relationship with suppliers and pertinent external collaborators of the process who could throw a significant glitch into a business operation without careful and sustained coordination.

operation management helps in managing inventory efficiently by foreseeing problems that may occur in long-term. The flow of inventory inside a company can be made inefficient through operation management activities.