Encompasses a broad range of activities, including:
Capacity planning: determining the resources needed to produce goods or services and planning for future growth.
Quality control: ensuring that goods and services meet the required standards of quality and reliability.
Inventory management: managing the levels of raw materials, work-in-progress, and finished goods to ensure that production runs smoothly and efficiently.
Supply chain management: managing the flow of goods and services from suppliers to customers.
Lean manufacturing: minimizing waste and increasing efficiency in the production process.
Process improvement: continuously improving the efficiency and effectiveness of production processes to meet changing customer needs and market demands.
Effective operations management can help organizations to improve their competitiveness, increase customer satisfaction, reduce costs, and enhance profitability. It requires the use of various tools and techniques, such as statistical process control, Six Sigma, and Total Quality Management, to optimize production processes and ensure the highest level of quality in goods and services.