In order to facilitate the strategic growth and maximum utilization of resources there is strong requirement of focusing on the operations management. It provides the better and innovative solutions to the company with relevance to gain the competitive advantage along with the cost reduction (Fitsimmons, 2009). There are various benefits of operations which have been explained in this report in very articulated manner. Further this study focus on three E’s (efficiency, effectiveness, economy) which could be achieved through effective operations management strategies. The concept of cost minimization and quality maximization has also taken into special consideration. Overall this report is helpful in gaining the proper knowledge about the operations management.
1.1 Why operations management is important for organizations?
There are varieties of significance of operations management which are discussed below:
Improve the productivity: Operations management is one of the very crucial elements within the organization which helps in improving the productivity of organizations. Without proper operations management none of the organization can improve their operational efficiency and gain the competitive advantage. By developing the appropriate production or manufacturing strategy the organization can lower down the cost which is most essential with a view of providing the benefits to the organization. Furniture suppliers can set down the path and can finish their task within the stipulated period of time. Time management is also responsibility of operations management (Greasley, 2007). Linear programming, critical path analysis and network diagram etc. these are some tools and techniques of project management which has shown its huge expediency in time m