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What is operations management?

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1What is operations management ? operations management is the activity of managing the resources which are devoted to the production and delivery of products and management defined2The operations function is fashionable!The consultancy services market % of world revenues of 40 largest consultancy firms Marketing / sales2Operations and process management31Corporate strategy17IT strategy17Benefits / actuarial16Organizational design11Financial6They are all operationsBack office operation in a bankKitchen unit manufacturing operationRetail operationTake-out / restaurant operation3The best way to start understanding the nature of operations is to look around youEverything you can see around you (except the flesh and blood)

Low Volume High A Typology of Operations Implications High Low repetition Each staff member performs more of job Less systemization High unit costs High repeatability ... responsibility for managing some or all of the resources which comprise the operation’s function. 17 Key Terms Test

  High, Operations, Management, Volume, Managing, Operations management, High volume

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