Joshua R.

Fernandez
Bianca G.
BSA-02
12:30

Navarro, Adessa
MW 11:00 OPERATIONS MANAGEMENT

1. Operations defined;
Jobs or tasks consisting of one or more elements or subtasks, performed
typically in one location. Operations transform resource or data inputs into desired
goods, services, or results, and create and deliver value to the customers. Two or
more connected operations constitute a process, and are generally divided into four
basic categories: (1) processing, (2) inspection, (3) transport, and (4) storage.
2. Operations Management defined;
Operations management refers to the administration of business practices to
create the highest level of efficiency possible within an organization. Operations
management is concerned with converting materials and labor into goods and
services as efficiently as possible to maximize the profit of an organization.
The design, execution, and control of operations that convert resources into
desired goods and services, and implement a company's business strategy.
3. Significance of studying Operations Management;
In operations management the student will find tools and information to
become the best manager possible. Many of the management tools learned in
operations management may be applied to personal life and other disciplines. You
will be more successful in life as well as work with these tools.
1. OM is one of three major functions (marketing, finance, and operations) of
any organization and we study how people organize themselves for
productive enterprise.

2. We want to know how goods and services are produced.

3. To understand what operations managers do.
4. It provides a major opportunity for an organization to improve its profitability
and enhance its service to society.

*Sources:*
http://www.businessdictionary.com/definition/operations.html#ixzz3rZ7CPcwP

http://www.investopedia.com/terms/o/operations-management.asp#ixzz3rZ995VGo
http://www.businessdictionary.com/definition/operations-management.html#ixzz3rZ9jtsXI
http://hubpages.com/business/Why-Study-Operations-Management