Operations Management

The Crucial Role for Operations Management in Business

What is Operations Management

Operations management is this area of management was under the umbrella of organizational studies. However, with the rapid technological changes that organizations experience, the application of operations management has had to adapt to those changes as well. The increased emphasis on control of processes is based on several principles that are based on well-defined management requirements. These requirements range from the control of costs to the control of factors such as quality, compliance, security, and customer satisfaction.

Examples of Operations Management in the Workplace

Based on reports on operations management, you can see examples of operations management in the workplace. Companies are using an operations management framework to maximize their employees' productivity, to increase customer satisfaction, and to protect their business reputation. Some examples of companies using operations management are: Baxter Healthcare – Baxter Healthcare is one of the largest manufacturers of small molecule injectable pharmaceuticals. According to company reports, over 90% of Baxter's total net sales come from its seven core products: insulin, blood collection systems, pediatrics devices, joint and back pain treatment devices, intraosseous needle systems, small bowel pumps, and other therapeutic and surgical devices.

The Role of Operations Management in Business

Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. In addition, it also gives assurance to management about how a business operation is performing and what is the optimal point at which a business needs to be operated. The challenge with most organizations is that they have multiple processes in the production and delivery of their goods or services. This makes it almost impossible for management to give a precise picture of their business operation. They have to work in a situation where they have incomplete information and incomplete visibility of what is going on in their business.

Conclusion

The modern trend in Business management is moving towards greater use of information technologies such as cloud computing, big data analytics, social media and many others. One area of greater use of Information Technology is in information systems that support the operations. Among these, operations management is an area that has seen an important increase in importance. Operations management is critical for efficient production and delivery of services in a growing global economy and is becoming a critical area of business management.

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