Define Operations management Explain the key concepts of Ope

Define Operations management. Explain the key concepts of Operations management with a schematic diagram.

Solution

operations mangement is defined as the managing the activities of a manufacturing or services of a firm. it concerns about the design and redesing of business operations, monitoring the activities, and controlling them to reach the ultimate goals of the organisation. it refers to the administration of business practices to create the highest level of efficiency possible within an organization.

it is the process of converting all inputs into the desired output like a product or service. every one has the same inputs and only few are succeeding in the competitive market where others are strugling alot. so, it is the difference how the firm is using its inputs and its strategies and plans. every firm starts with a moto of success only but few will be get it. the change is because of the strategies they followed and upadates.

i can show the steps in sequence wise

employ all the inputs (man, material, machine and money- time and knowledge)

make them right composition

process all the inputs

produce a qualitative output