Operation functions interconnected with other four major functions of the organization. It is the nucleus or hub or it centralized and managing financial/accounting, marketing, human resources and suppliers.
4. What is operations?
oThe part of a business organization that is responsible for producing goods or
services.
What is operations management?
oThe management of systems or processes that create goods and/or
provide/delivering services.
Operation managers?
oThe people who are responsible for monitoring and managing the recourses that
make up the operation functions.
5. OPERATION FUNCTIONS & ACTIVITIES
IN MOST FIRMS OPERATION INTERACTS WITH OTHER FUNCTIONALAREAS TO PRODUCE
GOODS AND PROVIDE SERVICES FOR CUSTOMERS.
HOW ?
For PRODUCTION of goods or conducting any service they gained monetary resources
For FINANCE/ACCOUNTING they do production and inventory data, capital budgeting, capacity
expansion and technological plans etc.
For MARKETING sales forecasting, lead time estimates, customer feedback, promotional activities etc.
For SUPPLIERS orders for materials, maintain delivery schedule, material availability, quality data etc.
For HUMAN RECOURSES pays workers, sets skills and evaluating performance, training etc.