Question: What Are The 10 Decisions Of Operations Management?

Which of the following are among the 10 strategic operations management decisions?

The 10 strategic operations management decisions include: Goods and service design, quality, process and capacity design, locations selection, layout design, human resources and job design, supply-chain management, inventory, scheduling, and maintenance..

What is the importance of operations management?

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.

What are the 10 OM decisions?

Terms in this set (10)Decisions of goods and services. Defines what is required of ops in each other OM decisions.Managing Quality. … Process and Capacity Strategy. … Location Strategy. … Layout Strategy. … Human Resources and Job Design. … Supply Chain Management. … Inventory Managment.More items…

What are the major decision areas in supply chain management?

There are four major decision areas in supply chain management: 1) location, 2) production, 3) inventory, and 4) transportation (distribution), and there are both strategic and operational elements in each of these decision areas.

What are operations management decisions?

Operation management refers to the direction and control of the process that transforms inputs into products and services. Broadly interpreted, operation management underlies all functional areas, because, processes are found in all business activities.

What are the major decision responsibilities of operations management?

Five Decision Areas However, one can analyze the operations function using 5 major decision responsibilities: process, capacity, inventory, work force, and quality. Process — Make decisions about the physical production process, technology, and layout.

How do you maintain operational excellence?

The Principles of Operational ExcellenceRespect for Every Individual. … Lead with Humility. … Seek Perfection. … Embrace Scientific Thinking. … Focus on Process. … Assure Quality at the Source. … Flow & Pull Value. … Think Systemically.More items…•

What are the major areas of business decision making?

The three major areas of decision making can be divided decision, financial decision and investment decision. Investment decision relates that where should the funds and in what proportion should they be implied.

What is Operation Management example?

For example, if an organization makes furniture, some of the operations management decisions involve the following: purchasing wood and fabric, hiring and training workers, … purchase cutting tools and other fabrication equipment.

What is an operational decision?

Operational decisions are about how you’re going to carry out your strategic decisions. They’re considered medium-term decisions versus strategic long-term decisions. Like strategic decisions, they’re focused on growth but they target the production process. They’re “the how” of meeting your strategic goals.

What are the four major decision areas in operation management?

There are four major decision areas in supply chain management: 1) location, 2) production, 3) inventory, and 4) transportation (distribution), and there are both strategic and operational elements in each of these decision areas.

What are the areas of operations management?

Functions and Roles in Operations ManagementPlanning and implementing manufacturing plants.Managing projects.Planning information systems.Helping to design and develop products and services.Managing inventory through the supply chain.Managing delivery to customers in a timely manner.Optimizing quality control.More items…