Define Operations Management (OM) and Describe Its Scope

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The Answer is Operations management (OM) is the science and art of ensuring that goods and services are created and delivered successfully to customers. OM includes the design of goods, services, and the processes that create them; the day-to-day management of those processes; and the continual improvement of these goods, services, and processes.The three issues that are at the core of operations management are efficiency, cost, and quality. Efficiency (a measure of how well resources are used in creating outputs), the cost of operations, and the quality of the goods and services that create customer satisfaction all contribute to profitability and ultimately the long-run success of a company.

Define Operations Management (OM) and Describe Its Scope

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Define Operations Management (OM) and Describe Its Scope

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Correct Answer:
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