GENERAL KNOWLEDGE

Detailed explanation-1: -The role of operations management impacts on all functional areas of a business. The role of operations management is to turn factors of production into the output of goods and services in a cost-effective way. The tertiary sector provides services, so is not considered to be part of operations management.

Detailed explanation-2: -Operations management oversees the complete operating system of an organization. Operations management is essential for organizations to manage their daily activities seamlessly. Operations management controls all the processes and handles issues including design, operation, maintenance, and improvement of the systems.

Detailed explanation-3: -Operations management ensures that products meet the quality standards and offers opportunities to identify areas where quality can be improved. One of the main functions of operations management ensures that products are designed to be reliable and durable to meet customer’s expectations of quality over quantity.

Detailed explanation-4: -The job of operations management (OM), then, consists of all the activities involved in transforming a product idea into a finished product, as well as those involved in planning and controlling the systems that produce goods and services.

Detailed explanation-5: -The term operations management relates to the management of systems or processes that create goods and/or provide services. These processes involve the planning, coordination, and execution of all activities within an organization that create goods and services.