Operations Management (MOM) is a set of systems for managing manufacturing processes from start to finish in order to optimize efficiency. It includes Manufacturing Execution Systems (MES) which are focused on what is happening on the manufacturing floor, as well as efforts to analyze manufacturing processes. For more complex programs, operations managers can use PERT ChartTool to chart the activities needed to produce a product, specify the time required to perform each activity in the process, and organize the activities in the most efficient sequence. Operations are one of the main functions of an organization, along with supply chains, marketing, finance and human resources.
The quality of the staff a company hires, the way they train their employees, and the focus management places on creating a culture of service will determine the company's success in delivering services and maximize the impact of these moments of truth. In manufacturing, managers focus on scheduling the activities needed to transform raw materials into finished products. Material procurement receives a good chunk of the operations manager's time and attention. Operational efficiency is just as important in service industries as it is in manufacturing.
To achieve this balance, companies use inventory controlInventory management to ensure that they have enough inventory to keep operations flowing smoothly, but not so much as to waste money on maintaining it. ABC analysis is a method of analyzing inventory based on the Pareto distribution, it postulates that since the revenues of items in inventory will be distributed by power law, it makes sense to manage items differently based on their position in an income-inventory level matrix.The operations function requires the management of both strategic and daily production of goods and services. Quality and compliance software is used to promote compliance with standards and specifications for operating processes and procedures. This was supported by the development of academic programs in the disciplines of industrial and systems engineering, as well as in the fields of operations research and management science (such as multidisciplinary problem-solving fields).For everyone to participate in the quality assurance campaign, managers must communicate the importance of quality to subordinates and motivate them to focus on customer satisfaction.
We have divided these decisions into those related to production methods, site selection, facility design, and component and material management.In conclusion, Operations Management is an essential part of any organization's success. It also requires managing both strategic and daily production of goods and services while promoting compliance with standards and specifications for operating processes and procedures.