Operations managers have responsibilities in both strategy and day-to-day production, in either manufacturing or services. Irrespective of business, the operations management ranges across the organisation as part of strategic and tactical operations (Voss et al., 2002). The typical company carries out various functions as a part of its operation. Operations management is the function that turns an organization’s resources (materials, labor) into products and services. What is Management? 2) Describe the decisions and activities of the operations manager in overseeing the production process in a manufacturing company. There are many similarities and overlapping in between these two concepts yet there are differences for them to exist as two distinct processes in an organization. Why Companies Love Operations Management Theory. In essence, OMT offers a makeover to existing processes in the supply chain and actual production management. Weiss is a top authority in many aspects of manufacturing, including inventory control, manufacturing planning and scheduling, manufacturing project management, materials management, service industry operations, total productive maintenance and lean systems. IT Operations management is the entity responsible for operation of an organization’s applications and IT infrastructure along with control and maintenance on a continuous basis. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible. Operations research (OR) is an analytical method of problem-solving and decision-making that is useful in the management of organizations. Effective health care operations management goes beyond improving productivity and earning more money. Many majored in finance, marketing, information systems, or engineering and ended up in operations […] In business, there are many different segments and departments, all of which have to work in unison for the business to succeed. IT operations management (ITOM) is the administrative area involving technology infrastructure components and the requirements of individual applications, services, storage , networking and connectivity elements within an organization. Operations management transforms inputs (labor, capital, equipment, land, buildings, materials and information) into outputs (goods and services) that provide added value to customers. Production is a scientific process which involves transformation of raw material (input) into desired product or service (output) by adding economic value. "Operations management is the administration of business practices to create the highest level of efficiency possible within an organization. 3) Explain how to create and use both PERT and Gantt charts. Serve as a company representative on regulatory issues. The term operations management encompasses planning, implementing, and supervising the production of goods or services. Figure 1 summarizes the transformation process. In fact, Forbes magazine reported in 2011 that about three quarters of all CEOs came from an operations background. Operations Management Suite (OMS) from Microsoft is a simplified management solution for any enterprise. Supply Chain Management vs Operations Management . In the health care industry, people’s lives are at stake. Operations management is concerned with controlling the … Operations is the work of managing the inner workings of your business so it runs as efficiently as possible. 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