In: Accounting
Operation Management:
Operation management is a fundamental process of any type of organization. It plays a pivotal role in the area of production and its sucesssful distribution. It involves a clear responsibility of proper utilisation of available resources and meet the customer satisfication. It requires a watch dog strategy and day to day production of goods and services.
Operation management involves a lot of process like production design, process design, capacity chechup, operation strategy, quality management, production planning and inventory control. Operation management is the art of science of management to manage people, production, process and system for delivery of useful product or service to its cutomer successfully.
Importance:
The field of operation management is much more importance due to public awarness in qualitative goods and services. A proper research and development must be conducted for to developing a product that is the need of the customer in a potential market.
It involves a number of department dor its successful strategy like, finance department, human resource department, marketing department etc. Finance department deals with the cost consideration, preparation of budgeted manual, forecast about the cost. Huaman resorce department cosider for hire people who have skill, potentialities, appropriate knowledge and able to meet the objective o the organization. The marketing department considers successful reachment of goods and services in the doorstep of the consumer.