Operations Management Introduction

Operations management is an area of management which is about how to design and how to control the process of production and it also illustrates how to redesign the business operations in goods or services production.

Moreover, it deals with the administration of various business practices for boosting the efficiency level of an organization. Operations management teams make a balance between costs and expenditures to gain the highest net operating profit possible.

Operations are the center of any business which provides good and services. When they are well- managed, it facilitates the function of all other departments but on the other hand, if operations are poorly-managed, all other departments suffer a lot.

This unit aims to define the operations management with its different types. It also enhances our understanding of various financial terms, with key reports and the approaches and strategies of getting the right people in place.

On the completion of this unit, learners will be equipped to identify the differences between current and fixed assets, the six essential steps of hiring and getting the product together.