Essay On Importance Of Operation Management

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TASK 1.1 Importance of operation management Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company. This is true regardless of the size of the company, the industry it is in, whether it is manufacturing or service, or is for-profit or not-for-profit. Operation management is a crucial tool which help organization to achieve its objectives. This is required for limited period of time and finances to fulfill the objectives. Benefits of safe, timely, cost effective, high quality and law abiding production Safe production is important for sustaining the skilled workforce. This gives them the peace of mind and make the most of their abilities to contribute towards the prosperity of the company. Safety at the workplace will also help to lower down costs by curtailing off insurance costs, lost costs and legal fees. These costs could be incurred if the safety of the …show more content…

It is the planning before the action. In includes many activities like making decisions, making strategy for organization etc. At this time strategic planning is an important part of strategic management.Strategy describes how the goal achieves by using the available resources or what kind of resources they need to achieve the goals. This strategy is used when the organization wants to set the goals and wants to make the planning to achieve these goals by available resources. Strategy also defines what kind of resources we need to achieve the goals set by the

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