Discuss the significance and recent trends in operations management
Introduction:- Operations management is an area of business concerned with the production of goods and services, and involves the responsibility of ensuring thatbusiness operationsareefficientin terms of using as little resource as needed, andeffective in terms of meeting customer requirements. It is concerned with managing theprocess that converts inputs (in the forms of materials, labor and energy) intooutputs (in the form of goods and services). significance and recent trends in operations management
Operations traditionally refers to the production of goods and services separately,although the distinction between these two main types of operations is increasinglydifficult to make as manufacturers tend to merge product and service offerings.More generally, Operations Management aims to increase the content of value-added activities in any given process. Fundamentally, these value-adding creativeactivities should be aligned with market opportunity (seeMarketing) for optimalenterprise performanceTo be able produce professional managers capable of fulfilling strategic roles withinbusiness and government enterprises the need for the practice of operationsmanagement cannot be forgone. Operations management is very important inbusiness operations since it forms the heart of the organisation by controlling thesystem of operation. Operations management deals with the design, operation, and improvement of the systems that create and deliver a firm’s primary products andservices. Like marketing and finance, operations management is a functional fieldof business with clear management responsibilities. Guinness Ghana limited is acompany in which produces alcoholic and nonalcoholic beverages such as Guinnessand Malta Guinness respectively.The effect of the global economic crisis has been profound on the UK businesssector. As a result, a new generation of entrepreneurs and business owners looksset to emerge - and many individuals who found themselves leaving
Operations traditionally refers to the production of goods and services separately,although the distinction between these two main types of operations is increasinglydifficult to make as manufacturers tend to merge product and service offerings.More generally, Operations Management aims to increase the content of value-added activities in any given process. Fundamentally, these value-adding creativeactivities should be aligned with market opportunity (seeMarketing) for optimalenterprise performanceTo be able produce professional managers capable of fulfilling strategic roles withinbusiness and government enterprises the need for the practice of operationsmanagement cannot be forgone. Operations management is very important inbusiness operations since it forms the heart of the organisation by controlling thesystem of operation. Operations management deals with the design, operation, and improvement of the systems that create and deliver a firm’s primary products andservices. Like marketing and finance, operations management is a functional fieldof business with clear management responsibilities. Guinness Ghana limited is acompany in which produces alcoholic and nonalcoholic beverages such as Guinnessand Malta Guinness respectively.The effect of the global economic crisis has been profound on the UK businesssector. As a result, a new generation of entrepreneurs and business owners looksset to emerge - and many individuals who found themselves leaving