Why Operations Management Is Important For Organizations

Introduction Operations management is an area of management concerned with overseeing, designing, controlling the process of production and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed, and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the form of materials, labour and energy) into outputs (in the form of goods and/or services). Task1 †¢ explain why operations management is important for organizations Operations management refers to the complex set of management activities involved in planning organizing leading, and controlling an organization’s operations. At one time, operations management was considered the backwater of management activities – a dirty, drab necessity. This view has changed in recent years, as more and more managers realize how operations can be a â€Å"beehive† of activity with major financial consequences for any organization. For instance, to support the work of Johns Hopkins University Hospital in Baltimore, the facilities department each year handles more than 40,000 work orders, oversees hundreds of construction projects, and manages an annual capital budget nearing $200 million. Operations management also includes something seemingly as mundane as mailing. Operations Management explores the way organizations produce andShow MoreRelatedQuestions On The Research Process Essay1184 Words   |  5 Pagesif the research question can be solved. How, What, When and Why are major contributing factors, How- is to analyze how the research will be carried out. When, is the appropriate timing that suits all stakeholders that involved and what the type of study is? 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