What is the primary aim of operations management in any business?
Understand the Problem
The question asks about the central goal of operations management within a business context. Operations management involves planning, organizing, and supervising processes to deliver goods or services efficiently. The question requires identifying the main objective that operations management seeks to achieve.
Answer
The primary aim of operations management is to efficiently manage production and maximize profitability.
The primary aim of operations management is to efficiently and effectively manage the production and distribution of goods and services, while maximizing profitability and properly allocating resources.
Answer for screen readers
The primary aim of operations management is to efficiently and effectively manage the production and distribution of goods and services, while maximizing profitability and properly allocating resources.
More Information
Operations management involves planning, organizing, and supervising processes to convert resources into goods or services efficiently.
Tips
A common mistake is to think operations management is solely about manufacturing, but it applies to service industries as well.
Sources
- What is the primary objective of operations management? - tutorchase.com
- Operations Management: Understanding and Using It - Investopedia - investopedia.com
- What is Operations Management? [Benefits, Functions, and Types] - sweetprocess.com
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