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What Is Operation Management?

In a simple term, It can be said that operation management is nothing but planning, organizing, and supervising keeping in the backdrop of manufacturing, production of service. It is the process of creating the highest level of efficiency from the context of an organization. It primarily focuses on the clients capitalizing on materials and manpower into goods and services that are efficiently used to get the maximum revenue for the organization. The main objective of operation management is to keep a balance between cost and revenue to maximize the highest net operating profit as far as applicable. The operation managers shoulder the responsibility of developing, delivering based on the clients' requirements. 

 Key Takeaways:

·          It is mainly to administer business practice to get the highest level of efficiency as far as applicable within an organization.

 ·      The combination of material and labor is used to convert as good and services to it are the finest end product that is under the supervision of operation management.

·      One of the important tasks is to keep parity with cost and revenue to optimize maximize net operating profit. This important consideration is being tabbed by the corporate operation management.

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With the advancement of technology, the trend of production goods produced by people in earlier times is radically changed. Operation management is an area where the focus is on designing and controlling the process of production with a view of producing goods and services as far as possible. The responsibility of operation management teams is to make sure that the efficient way of capitalizing on limited resources and in an effective manner deals with the customers. 

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