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OM Operation Management Module One 1
OM Operation Management Module One 1
In the midst of the crisis that world experience in past years like the oil crises, business scandals, natural calamities like typhoon,
earthquakes , famine and present times pandemic. Hence results a negative impact on most company’s earnings. But why do some
company thrive while the others struggle or fail? There are a variety of reasons to be sire. However, an important key in a company’s
success or failure is how well it manages its operations.
Organization
Finance is responsible for securing financial resources at favorable prices and allocating those resources throughout the
organizations, as well as budgeting, analyzing investment proposals, and providing funds for organizations.
Marketing is responsible for creating the customer wants and needs, and selling and promoting the organization’s goods and
services.
Operations is responsible for producing the goods or providing the services offered by the organization .
If a business organization were a car, operations would be its engine and just as the engine is a core of what a car does. In a
business organization, operation is the core of what the car does.
Operation management is responsible for managing the core
Hence, Operation management is the management of system or processes that create goods and /or provide services.
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San Mateo Municipal College Module 1 CBME1 Page 1
LEARNING RESOURCES
Book/E-book:
Production and Operation Management 2012 Ed. Stevenson, Sum,Mc Graw Hill Companies
Operation Management 2009 Ed. 10th Edition William J. Stevenson,Mc Graw Hill Companies
Fundamental Marketing in the Philippine Setting,2nd Ed .Josiah Go, Chiqui Escaller-Go.Mansmith
Online resources:
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San Mateo Municipal College Module 1 CBME1 Page 1