Operations Management And Decisions Assignment

Running head: OPERATIONS MANAGEMENT AND DECISION MAKING
OPERATIONS MANAGEMENT AND DECISION MAKING
Name of the Student
Name of the university
Author note

1OPERATIONS MANAGEMENT AND DECISION MAKING
Week 10
Operations management refers to administration of various business practices that
help in creating highest level of efficiency that is possible within an organizational premise.
This is concerned with converting materials and labor into equivalent good and services so
that the company can maximize its profit. The team of operations management in an
organization tries to balances costs with revenue so that organizations can achieve highest net
operating profit. It involves utilizing various resources from staffs, materials, technology and
equipment (Heizer, Render and Munson 2017). The operation managers in a company are
there to acquire, develop and deliver the goods to clients that are dependent on the various
needs of the client as well as the abilities of the organization. Operations management
handles various strategic issues that include determination of size of manufacturing plant and
project management methods. Other operational issues include managing inventory levels,
status of work-in-progress, and acquisition of raw materials, quality control and maintenance
policies. This helps in studying the usage of raw materials so that it is ensured that the
organization is wasting fewer resources and making good use of its available resources thus
cutting on costs. The operations managers make use of various formulas for instance the
formula of economic order quantity that helps in determining when and how to process large
inventory orders and how much of the same needs to be kept as stock. In order to become an
effective operations manager, it is necessary that an individual understands various processes
which are essential in the working of an organization. This also includes having a clear
understanding of logistics and the operations manager is the one who finds different vendors
that can help supply appropriate goods at reasonable price (Reid and Sanders 2019). It is the
work of operations manager that the products are getting delivered to the customers in time.
Two essential drivers of being an operations manager are organization and productivity. This
work requires both being versatile and innovative at the same time. Operations management