Wednesday, 29 March 2017

Why learn about Operations Management?

There are very good reasons for wanting to learn about operations management, even if you’re not considering working in operations. It is because operations spans across all aspects of business, it affects everything. Operations are one of the two line functions in a business, the second being sales. All of the other functions, spanning from accounting to IT, supports both of the line functions. The following are the service jobs that are closely related to operations:
  • Marketing
  • Financial
  • Information

There are other reasons why it can be beneficial to learn about operations management that don’t have anything to do with careers or working in business. Operations and the supply chain management can be beneficial in learning about the world and understanding how things work. It teaches about global dependencies, gives an insight into the reasons why some organisations will fail and why some go on to be successful.  You can also learn about why it’s important to work with others through operations. By working together, employees are able to learn their own roles and the roles of other people within the organisation.
Here are some of the activities that finance and operations managers exchange their expertise and share information on:
  1. Budgeting
  2. Provision of funds
  3. Economic analysis of investment proposals

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