Operations Managament Crash Course

Operations Management is recognized as a vital factor in theeconomic growth of the country. The traditional concept ofeffective manufacturing management follows the principles ofproduction management with the main focus on the overalleconomic efficiency in the manufacturing sector. It was later onthat the new term "operations management" had been identifiedby the increase in the service sector. The rapid advancementsin the field of technology have imposed several challenges aswell as opportunities.
These have resulted in the overallenhancement of the capabilities of the manufacturing sectorthrough the use of new resources & materials along withessential procedures, techniques, and facilities. Therefore, themanagement of an effective service system serves as one of themajor challenges in the global environment of stiff competition. Operations Management serves to be a key factor in theoverall productivity as well as the improvement of the variousbusiness activities across the globe.
Operations Management isresponsible for leading the way for the global organizationstowards the achievement of the goals & objectives with theleast possible efforts. Therefore, the study of this subject atboth the undergraduate as well as the postgraduate levels offersgreat significance to the individuals.