What is Operation Management?
Explain objectives of Operation Management.

The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs. ... Operations decisions include decisions that are strategic in nature, meaning that they have long-term consequences and often involve a great deal of expense and resource commitments.

The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs. Operations is one of the three strategic functions of any organization.

Operation management means the administration of business activities for attaining higher efficiency. It is a process of planning, organizing, and supervising the operations of the business for better productivity. Operation management aims at reducing the cost to business by avoiding any wastage of resources.

Operations management is the process that generally plans, controls and supervises manufacturing and production processes and service delivery. Operations management is important in a business organization because it helps effectively manage, control and supervise goods, services and people.

answerjointly by the fed and by the behavior of individuals who hold money and of banks in which money is held;