It is true that operations management is a set of activities that creates value in the form of goods and services by transforming.
Operations management (OM) is the administration of business practices within an organization to achieve the highest level of efficiency possible. It is concerned with converting materials and labor as efficiently as possible into goods and services in order to maximize an organization's profit. Operations management teams strive to achieve the highest net operating profit possible by balancing costs and revenue.
Inventory management throughout the supply chain is a critical function of operations management. To be an effective operations management professional, one must understand the processes that are critical to what a company does and be able to get them to flow and work together seamlessly. The coordination required to set up business processes efficiently necessitates a solid understanding of logistics.
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