Introduction To Operations Management Notes
Introduction To Operations Management Notes
Introduction To Operations Management Notes
What is Operations Management? It is the art and science of managing an operation. What is
an operation? A collection and combination of “processes”. Much more on that later as we
start using the text.
What types of operations need managing? All sorts: manufacturing operations, services
operations, non-profit organization operations, civic and governmental operations, and many
more.
So, why is Operations Management important? Each type of operation has customers. They
could be external customers buying products or services, internal customers within
organizations, or other organizations. Customers are very demanding, as they should be.
Customers demand continuous improvement: lower or prices, better lead times, better service,
etc. If you’re not managing your operation with continuous improvement in mind, you’re not
doing your job as an Operations Manager.
How are operations measured? There are many ways to measure operations, and
improvement. Some examples include productivity, inventory turns, output, labor and material
costs, and many others. During this course, we will be exploring these in detail.
The lessons learned and experience gained by taking this course will provide you with basic, but
extremely effective, knowledge and tools to start (or continue) your journey to becoming a
successful operations manager.