The Development of Operation Management

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Operation Management
Operations management refers to the management of all activities directly involved in the creation of goods/services through the conversion of inputs into output. It consists of the following process capacity planning, forecasting, inventory management, buying and maintaining material, quality assurance, motivation of employees, scheduling, and making decision on where to allocate facilities. The four functions of management include operations, marketing and finance.
Finance
The finance function accomplishesall the activities relating to acquiring resources at favorable prices and allocation of resources within the organization. Personnel involved in f the management of finance and operations cooperate by exchanging information and expertise in activities such as economic analysis of investment proposal, and provision of funds. Provision of funds refers to the funding of operations. The amount of funds for each operation and the timing of funding is influenced by the quantity of funds available within an organization, and are specifically considered when the funds are limited. Careful funding is needed to avoid the problems associated with cash-flow. Majority of the profit oriented firms obtain from the revenues they generate from selling goods and services.Economic analysis of investment proposals involves evaluating alternative investments that requires inputs from both operations and finance personnel(Heizer, 2011).
Marketing
Marketing refers to the process of finding out what people want, why they want it and the amount of money they are willing to spend in order to have what they want. Marketing involves all the mechanisms that are used to reach and convince prospective clients that you are the company of...

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...ing processes. It is the process that helps companies makes volume and timing calculation. Most of MRP is based on the software, sometime company use the existing software and make the new software based on the company wants(Heizer, 2011).
Enterprise resource planning (ERP) is a system that integrates all the departments and function across an organization into a single computer system that can serve the different department particular needs. The common functional areas covered in an ERP system are finance, accounting, and manufacturing, sales, service and customer relationship management. One of the companies that use ERP system is Coca Cola Company. This company use Genesys program which is an integrated SAP Enterprise Resource Planning (ERP) solution.

References
Heizer, J. H., & Render, B. (2011). Operations management (10th ed.). Upper Saddle River, N.J.:

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