logo image

Operation management as a set of decisions

Some decisions are strategic in nature; others are tactical. Strategic plans are developed farther into the future than tactical plans. Thus strategic decisions are less structured and have long-term consequences, whereas tactical decisions are more structured, routine, and repetitive and have short-term consequences. Decision making, both strategic and tactical, is an essential aspect of all management activity, including operations management. These types of decisions are divided into five categories: I.

Strategic choices II. Process III. Quality IV. Capacity, location and layout V. Operating decisions Operation management as a function In large organizations, the operations (or production) department is usually responsible for the actual transformation of inputs into finished products or services. Accounting collects, summarizes, and interprets financial information. Distribution deals with the movement, storage, and handling of inputs and outputs. Engineering develops product and service designs and production methods.

Finance secures and invests the company’s capital assets. Human resources (or personnel) hires and trains employees. Marketing generates demand for the company’s output. However, some organizations never need to perform certain functions. Other organizations may save money by contracting for a function, such as legal services or engineering, when they need it, rather than maintain an in-house department. In small businesses, the owners

Need essay sample on "Operation management as a set of decisions"? We will write a custom essay sample specifically for you for only $13.90/page

might manage one or more functions, such as marketing or operations, themselves.

Read full document

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register
Signup & Access Essays

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy