Operations Management

Timely and proper implementation of operations management techniques assists in the effective management of the resources which are used by organizations to produce goods and services. Growing inter-firm rivalry and competition has increased the importance of operations management in organizations, as it is directly responsible for the final product.

As a result, operations management is gaining more significance and has become a key discipline in management science. Operations management decisions include long-term strategic decisions on issues like facility location and capacity determination, medium-term tactical decisions on issues like identification of appropriate manpower and determination of optimum inventory levels, and short-term operational decisions on issues like production scheduling and job assignment.