What is Operations Management?

Operations management refers to the administration of business practices aimed at enhancing efficiency within an organization. This field focuses on the systematic planning, organizing, and supervision of production processes and operations to ensure that an organization's resources are utilized effectively and efficiently. It encompasses various activities, including the design of goods and services, management of supply chains, maintenance of quality control, and the improvement of operational processes.

By focusing on the optimization of resources – such as materials, labor, and technology – operations management seeks to minimize costs while maximizing output, customer satisfaction, and overall productivity. This makes it crucial for achieving strategic goals and maintaining a competitive edge in the marketplace.