"Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations..."
The management of a corporation's production and delivery of goods and services, including supply chain management and quality control.
Capacity planning: The process of balancing demand and supply to ensure optimal use of resources.
Supply chain management: The coordination of all activities involved in the production and delivery of goods or services.
Quality management: The process of ensuring that products or services meet customer requirements.
Lean manufacturing: An approach that focuses on eliminating waste and improving efficiency.
Six Sigma: A data-driven approach to process improvement that aims to reduce defects and variability.
Inventory management: The process of controlling the flow and storage of inventory.
Just-in-time manufacturing: A strategy that involves producing goods only when they are needed.
Total productive maintenance: A maintenance approach that aims to maximize equipment effectiveness and efficiency.
Project management: The process of planning, organizing, and overseeing a project from start to finish.
Value stream mapping: A tool for identifying opportunities for improvement in a process.
Root cause analysis: A process for identifying and addressing the underlying causes of problems.
Performance measurement and benchmarking: The process of evaluating organizational performance and comparing it to industry standards.
Theory of constraints: An approach that focuses on identifying and eliminating bottlenecks in a process.
Business process reengineering: A radical redesign of business processes to improve performance.
Enterprise resource planning: Integrated software system that manages all aspects of a company's operations, including accounting, human resources, and supply chain management.
Outsourcing: The process of hiring another company to perform a task or function.
Automation and robotics: The use of technology to automate manual processes and improve efficiency.
Agile and flexible manufacturing: A manufacturing approach that emphasizes flexibility and responsiveness to changing customer demands.
Sustainability and corporate social responsibility: The process of managing a company's impact on the environment and society.
Service operations management: The management of organizations that provide services instead of products.
Production Management: This involves planning, organizing, directing, and controlling production processes to ensure that goods are produced efficiently, effectively, and to the required quality standard.
Quality Management: This is the process of ensuring that the organization's products and services meet or exceed customer expectations by using a systematic approach to quality control and continuous improvement.
Supply Chain Management: This is the management of the flow of goods, services, and information from the point of origin to the point of consumption or use, including sourcing, procurement, transportation, and logistics.
Inventory Management: This involves managing the movement and storage of goods and materials to ensure that they are available when needed, while minimizing inventory holding costs and maximizing profitability.
Maintenance Management: This includes the planning, scheduling, and execution of maintenance activities to ensure that equipment and facilities are in a safe, efficient, and reliable condition.
Project Management: This involves the planning, implementation, and control of projects to achieve specific goals and objectives within a specific budget and time frame.
Facilities Management: This is the management of the physical assets and facilities of an organization, including buildings, equipment, and infrastructure, to ensure that they are functional, safe, and secure.
Risk Management: This includes identifying, assessing, and managing risks that may affect the organization's operations, reputation, and financial position.
Environmental Management: This involves managing the organization's impact on the environment, including reducing waste, conserving natural resources, and complying with environmental regulations.
Information Technology Management: This includes the management of information technology systems and infrastructure, including hardware, software, and networks, to support the organization's operations and strategic objectives.
"It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements."
"It is concerned with managing an entire production or service system which is the process that converts inputs into outputs."
"Operations produce products, manage quality and create services."
"Operation management covers sectors like banking systems, hospitals, companies, working with suppliers, customers, and using technology."
"The operations function requires management of both the strategic and day-to-day production of goods and services. In managing manufacturing or service operations several types of decisions are made including operations strategy, product design, process design, quality management, capacity, facilities planning, production planning, and inventory control."
"Each of these requires an ability to analyze the current situation and find better solutions to improve the effectiveness and efficiency of manufacturing or service operations."
"A modern, integrated vision of the many aspects of operations management may be found in recent textbooks on the subject."