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Operations Management: The Concepts And Methodologies Of Operation Management
589 Words2 Pages
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Operation Management
Operation management explains the processes that a product or service passes through during its production. It deals with the design, manufacture, services, and supply of the product. Operations management deals with the procedures that ensure that a firm delivers the desired product and service to the client. It considers the concepts of quality, efficiency, and responsiveness to customers (Mahadevan, 2010). These concepts relate to the methodologies of operation management, which includes; operating budget, productivity enhancement tools, peripheral operations, and open line of communication within the staff. This paper reflects on the relevance and the practical applications of concepts and methodologies of operation management.
The operating budget finances the continued activities of the organization. This finance acts the standard source of funds for all the departments that the business supports both directly and indirectly. In addition, the productivity enhancement tools cut down the costs and concurrently, increase the profits. This makes the products ...
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