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Why is Operations Management necessary for every business?

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Operations Management is a process that is a part and parcel of every business because operations are involved in every organization. It is the task of an operation manager to ensure that all the processes are performed as intended. – PowerPoint PPT presentation

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Title: Why is Operations Management necessary for every business?


1
Why is Operations Management necessary for every
business?- MITSDE Distance  MBA in Operations
Management
  • http//www.mitsde.com

2
Why is Operations Management necessary for every
business?- MITSDE Distance  MBA in Operations
Management
  • Operations Management is a process that is
    a part and parcel of every business because
    operations are involved in every organization. It
    is the task of an operation manager to ensure
    that all the processes are performed as intended.
  • However, apart from operation
    managers, other officials should also learn the
    concepts of OM as it is requisite in every
    organization. These are planning, recruiting,
    monitoring and controlling.
  • Operations management leaves a great
    influence on every business functions. The
    importance of operation management in different
    domains is as follows

3
1.     Engineering
  • Engineers are considered to be great in
    quantitative analysis. However, the analysis
    of operations management involves both
    quantitative as well as insightful measures.
    Engineers can execute the task of operations
    managers only if they have the knowledge and
    relevant skills.
  • Without proper management of operations, they may
    waste hefty sum of money. If an engineering firm
    seeks maximum benefits in operations, then every
    individual should analyze individual processes in
    terms of

4
2.     Economic or finance sector
  • Operation management can save a large sum of
    money. Generally, the task of finance
    professionals is to control the budget. Along
    with finance, if they have an idea of Ops
    Management, then they can make wiser and better
    decisions. Sometimes, if they are aware of
    various operations, they can take corrective
    measures to combat the malfunctioning instead of
    changing the plant. This saves a lot of capital.

5
3.     IT sector (Information Technology)
  • Operation Management is even an imperative part
    of IT companies. Most of the IT firms deal with
    automating operations. So, if they have the
    know-how of the core principles of Ops
    management, then they can make wiser decisions.
    IT professionals tend to focus only on automating
    the existing processes with embedded
    inefficiencies. With knowledge of operations,
    they can automate the system in an effective
    manner by enhancing the productivity of the
    plant.   

4.     Marketing
  • When the marketing individuals wish to launch a
    new product and come up with a new technology,
    they need to discuss its utility with
    the operations managers to find out whether the
    product will bring them profit or not.
    Furthermore, if marketers have know-how about
    operations, then they can come up with better
    ideas that bring profits to the organization.

6
  • Thus, operation management plays a vital
    role in every business organization. Knowledge in
    the field of operation management can make you
    successful in almost any industry. If you wish to
    gain knowledge and develop requisite skills in
    this omnipresent sector, then you can pursue
    a PGD in Operations Management. MIT School of
    Distance Education offers this value-added course
    through online/distance mode.
  • The course material is prepared by industry
    experts and it even incorporates the latest
    trends so that the candidates can apply the
    technics once they are absorbed in the industry.
    Since it is a distance learning course, so anyone
    can pursue the course as per their convenience.
    Fresh graduates can pursue this course to enhance
    their market value while the working
    professionals can take up this course to witness
    a hike in salary and to pave way for promotion.
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