Operations management

Operations management,

Definition of Operations management:

  1. Operations management is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. Operations management teams attempt to balance costs with revenue to achieve the highest net operating profit possible.

  2. Operations management involves utilizing resources from staff, materials, equipment, and technology. Operations managers acquire, develop, and deliver goods to clients based on client needs and the abilities of the company.

  3. The design, execution, and control of operations that convert resources into desired goods and services, and implement a companys business strategy.

How to use Operations management in a sentence?

  1. The operations management was contacted for their expertise in dealing with this vital matter where much was at stake for our company.
  2. Corporate operations management professionals try to balance costs with revenue to maximize net operating profit.
  3. Having a good operations management team on your side will help you to come up with great plans and execute them the right way.
  4. Operations management is the administration of business practices to create the highest level of efficiency possible within an organization.
  5. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.
  6. In the Army, I was involved in operations management and was in charge of overseeing the rest of my platoons well being.

Meaning of Operations management & Operations management Definition