{"id":9198,"date":"2019-10-21T22:14:17","date_gmt":"2019-10-21T22:14:17","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=9198"},"modified":"2022-07-31T06:20:36","modified_gmt":"2022-07-31T06:20:36","slug":"operations-and-operations-management-in-business","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/operations-and-operations-management-in-business\/","title":{"rendered":"Operations and Operations Management in Business"},"content":{"rendered":"<figure id=\"attachment_9199\" aria-describedby=\"caption-attachment-9199\" style=\"width: 800px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-9199\" src=\"https:\/\/www.openbusinesscouncil.org\/wp-content\/uploads\/2019\/10\/commercial-buildings-3228393_960_720-300x200.jpg\" alt=\"\" width=\"800\" height=\"533\" srcset=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/commercial-buildings-3228393_960_720-300x200.jpg 300w, https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/commercial-buildings-3228393_960_720-768x512.jpg 768w, https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/commercial-buildings-3228393_960_720-287x190.jpg 287w, https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/commercial-buildings-3228393_960_720.jpg 960w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-9199\" class=\"wp-caption-text\">Operations and Operations Management in Business<\/figcaption><\/figure>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Goods_and_services\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Operations management<\/span><\/a><span style=\"font-weight: 400;\"> is a very vital component of any business enterprise. It plays a crucial role in the success of a business. Operation function in a company is an area that deals with the creation of<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Goods_and_services\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\"> products or services<\/span><\/a><span style=\"font-weight: 400;\"> in an enterprise. The field of operations is crucial, as well as challenging for all types of businesses, ranging from producers to retailers of products and services. For further information, there are several <a href=\"https:\/\/clayburnettgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">recruiting agencies<\/a> that assist you with specific job recommendations as well.<\/span><\/p>\n<p><a href=\"https:\/\/academy.intelligenthq.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-13575 aligncenter\" src=\"https:\/\/www.openbusinesscouncil.org\/wp-content\/uploads\/2020\/02\/top-academy-courses.jpg\" alt=\"\" width=\"728\" height=\"88\" srcset=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2020\/02\/top-academy-courses.jpg 728w, https:\/\/www.footballthink.com\/wp-content\/uploads\/2020\/02\/top-academy-courses-300x36.jpg 300w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/a><\/p>\n<h2>The Importance of Operations Management<span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\">\n<h4>Work Standardization<\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Operations refer to all activities that are required to create and deliver products and services. The activities include <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Procurement\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">procurement<\/span><\/a><span style=\"font-weight: 400;\"> through to distribution. A business must have three <\/span><a href=\"http:\/\/www.preservearticles.com\/business\/6-most-important-functions-of-business\/30339\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">primary functions<\/span><\/a><span style=\"font-weight: 400;\">, finance, operations, and marketing. Proper operations management is crucial as it deals with the generation of a product or service. When <\/span><a href=\"https:\/\/www.productplan.com\/what-is-product-development\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">developing a product<\/span><\/a><span style=\"font-weight: 400;\"> or service, operation activities in typical manufacturing set up may include managing the purchases, controlling the inventory, <a href=\"\/benefits-of-quality-control\/\">quality control<\/a>, and assurance, managing storage facility, and logistics. In a <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Service_delivery_framework\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">service delivery<\/span><\/a><span style=\"font-weight: 400;\"> setting, the activities include customer care, data storage, IT support, or security. An example of a standardized service is a company that offers <\/span><a href=\"https:\/\/parcelbroker.co.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">cheap parcel delivery<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\">\n<h4>Planning and Coordination<\/h4>\n<\/li>\n<\/ul>\n<figure id=\"attachment_21341\" aria-describedby=\"caption-attachment-21341\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-21341 size-full\" src=\"https:\/\/www.openbusinesscouncil.org\/wp-content\/uploads\/2019\/10\/alvaro-reyes-qWwpHwip31M-unsplash-1.jpg\" alt=\"Operations and Operations Management in Business\" width=\"640\" height=\"427\" srcset=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/alvaro-reyes-qWwpHwip31M-unsplash-1.jpg 640w, https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/alvaro-reyes-qWwpHwip31M-unsplash-1-300x200.jpg 300w, https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/alvaro-reyes-qWwpHwip31M-unsplash-1-287x190.jpg 287w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption id=\"caption-attachment-21341\" class=\"wp-caption-text\">Operations management is a very vital component of any business enterprise<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Management of the <\/span><a href=\"https:\/\/smallbusiness.chron.com\/operations-segment-company-15269.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">company&#8217;s operations<\/span><\/a><span style=\"font-weight: 400;\"> supplements the recommendations of finance and marketing sections. <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/r\/randd.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Research and development<\/span><\/a><span style=\"font-weight: 400;\"> develop a product according to the customers&#8217; needs. The <\/span><a href=\"https:\/\/smallbusiness.chron.com\/contributions-business-finance-development-organization-74692.html\"><span style=\"font-weight: 400;\">finance department<\/span><\/a><span style=\"font-weight: 400;\"> makes cost considerations and projections. The <\/span><a href=\"https:\/\/www.entrepreneur.com\/encyclopedia\/human-resources\"><span style=\"font-weight: 400;\">human resource<\/span><\/a><span style=\"font-weight: 400;\"> does the hiring of skilled people. It is the operations department that integrates research, finance, and human resource functions together. <\/span><span style=\"font-weight: 400;\">So, operation management is a <\/span><a href=\"https:\/\/www.wikihow.com\/Develop-a-Product\"><span style=\"font-weight: 400;\">process of creating a product<\/span><\/a><span style=\"font-weight: 400;\"> or service according to precise specifications, within the provided budget by using the best skills, labour, and machinery. Therefore, operations determine the company&#8217;s ability to compete by offering an opportunity for the business to improve in productivity hence resulting in profitability.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\">\n<h4>Continuous Development<\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Operation management is a costly function of any business as it holds the more significant portion of the <\/span><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/different-types-business-assets\"><span style=\"font-weight: 400;\">assets<\/span><\/a><span style=\"font-weight: 400;\">, but the outcome is excellent. It helps in the standardization of work processes, creating operations management is important for a company&#8217;s <\/span><a href=\"https:\/\/www.projectmanager.com\/blog\/continuous-improvement-business-strategy-quick-guide\"><span style=\"font-weight: 400;\">continuous improvement<\/span><\/a><span style=\"font-weight: 400;\">. No system can be useful if it is not well planned. Irrespective of size, companies must be effective and efficient in the production and delivery of products and services. Operation professionals determine a long-term planning strategy that supports the company&#8217;s goals through collaboration with other managers. <\/span><a href=\"https:\/\/www.totaljobs.com\/advice\/operations-manager-job-description\"><span style=\"font-weight: 400;\">Operations managers<\/span><\/a><span style=\"font-weight: 400;\"> give directions regarding achieving specific objectives. They take steps and make modifications when the company&#8217;s <\/span><a href=\"https:\/\/www.encyclopedia.com\/management\/encyclopedias-almanacs-transcripts-and-maps\/goals-and-goal-setting\"><span style=\"font-weight: 400;\">goals<\/span><\/a><span style=\"font-weight: 400;\"> achievements are not in line with the <\/span><span style=\"font-weight: 400;\">policies<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>Key Aspects of Operations<\/h2>\n<p><span style=\"font-weight: 400;\">In conclusion, operations management impacts the overall <\/span><a href=\"https:\/\/www.corporatesuites.com\/productivity-and-profitability-relationship\/\"><span style=\"font-weight: 400;\">productivity and profitability<\/span><\/a><span style=\"font-weight: 400;\"> of any business enterprise. It measures the efficiency of managers and other workers, hence accelerating individual and company&#8217;s progress. Operations management is the company&#8217;s engine room where prudent decisions and plans emerge. Lack of proper operations management can cause problems in <\/span><a href=\"https:\/\/www.definitions.net\/definition\/product+design\"><span style=\"font-weight: 400;\">product design<\/span><\/a><span style=\"font-weight: 400;\"> and delivery failures. In any enterprise, a well-designed operations plan is the pillar and strengthens the probability of fulfilling and shipping orders on time, keeping customers happy and fuelling the company&#8217;s success.<\/span><\/p>\n<p class=\"p1\"><strong>This is an article provided by our partners network. It does not reflect the views or opinions of our editorial team and management.<\/strong><\/p>\n<p class=\"p1\"><b>Contributed content<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operations management is a very vital component of any business enterprise. It plays a crucial role in the success of a business. Operation function in a company is an area that deals with the creation of products or services in an enterprise. The field of operations is crucial, as well as challenging for all types [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[25,1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v19.7.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Operations and Operations Management in Business - OpenBusinessCouncil Directory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techbusinesshq.com\/operations-and-operations-management-in-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Operations and Operations Management in Business\" \/>\n<meta property=\"og:description\" content=\"Operations management is a very vital component of any business enterprise. 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He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. 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