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Management and Operation: Approaches, Importance, and Factors

   

Added on  2023-02-02

12 Pages640 Words48 Views
Management and
Operation
Management and Operation: Approaches, Importance, and Factors_1
Table of Content
• Introduction
• Approaches of operation management
• Importance and values of operation management
• External factors and its impact
• Conclusion
• References
Management and Operation: Approaches, Importance, and Factors_2
INTRODUCTION
Management and operation plays a crucial role in an
organisation as it concern with the transform of raw material
into finished goods with the optimum utilisation of
resources in order to minimise the wastage of product and
improves company's productivity.
Management and Operation: Approaches, Importance, and Factors_3
Approaches of operation management
Six Sigma: It's an approach which is concerned with the
improvement of business operations in terms of eliminating
errors and defects, saves time and reduce cost.
Lean production: This approach deals with minimising the
wastage of product and ensures the better quality which provides
higher level of efficiency and profitability.
Management and Operation: Approaches, Importance, and Factors_4

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