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Operations Management Is A Branch That Deals With Managing Operations and Processes

Operations management deals with managing processes and operations within an organization to efficiently deliver projects. Key functions of an operations manager include finance, operations, strategy, product design, forecasting, supply chain configuration, and quality management. They optimize operations through judicious use of resources and capital. Pursuing a postgraduate diploma in operations management from MIT's distance learning program provides conceptual training and prepares candidates to take on field challenges in operations management roles.

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81 views2 pages

Operations Management Is A Branch That Deals With Managing Operations and Processes

Operations management deals with managing processes and operations within an organization to efficiently deliver projects. Key functions of an operations manager include finance, operations, strategy, product design, forecasting, supply chain configuration, and quality management. They optimize operations through judicious use of resources and capital. Pursuing a postgraduate diploma in operations management from MIT's distance learning program provides conceptual training and prepares candidates to take on field challenges in operations management roles.

Uploaded by

anjela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Operations Management is a branch that deals with managing operations and processes

within the organisation. Efficacious management of operations ensures successful


delivery of the project. The operation managers optimises the operations by making
judicious use of resources and capital. They manage all the aspects related to the
operations that take place in businesses. Operation managers are not only found in a
company but also  in  manufacturing units. They are required to perform various functions
as a part of their job responsibilities. Some of the key functions of an Operations
Manager includes:

1. Finance
Finance plays a chief role in operations management. It is essential to ensure that the
organization’s finance has been utilized properly to carry out major functions such as the
creation of goods or services so that the customer’s needs could be satisfied.

2. Operation
This function in operation management is mainly concerned with planning, organising,
directing and controlling all the activities of an organisation which helps in converting the
raw materials and human efforts into valuable goods and services for satisfying customer
needs.

3. Strategy
Strategy in operation management refers to planning tactics that could help them to
optimise the resources and have a competitive edge over others. Business strategies imply
to supply chain configuration, sales, capacity to hold money, optimum utilisation of human
resources and many more.

4. Design of the product


Incorporating innovative technologies play a crucial role in the selling of a product. Thus it is
the duty of operations manager to ensure that the product is designed catering to the
market trends and needs of the customers. The modern-day customers are more
concerned about the quality of the product than its quantity. So, the operation
managers focus on producing top-notch quality products.

5. Forecasting
Forecasting refers to the process of making an estimation regarding certain events that
might occur in the future. In operation management, forecasting refers to the estimation of
customer’s demand so that production can be done accordingly. Through this, the manager
gets to know what to produce, when to produce and how to produce in accordance with the
customer’s needs.

6. Supply Chain Configuration


The main motive of Supply Chain Configuration is to ensure effective management,
monitoring and controlling of all the main activities that are held in a firm. The supply chain
configuration starts from the supply of the raw materials and continues till the production of
the final product and then their selling to the customers which will satisfy their needs and
wants.

7. Managing the Quality

Quality management plays an imperative role in selling a product. The operation


managers allocate the task of quality management to a team and then supervise their task.
The managers identify project defects and rectify them to ensure quality. For this, certain
systems are used that measure and maintain the quality of the product.

These are the various duties of an  operations manager. Proper skills and know-how
ensure that all these roles are fulfilled efficaciously. Those candidates who wish to make
their career in the field of Operations management can pursue Post Graduate Diploma
in Operations Management from MIT School of Distance Education. The course
provides conceptual learning to the candidates and prepares them to face all the field
challenges. It is a correspondence course, so you can pursue the course from anywhere
and plan your own study schedule.

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