Concept information
Preferred term
operations management
Definition
- Operations management (OM) is the synergetic group of business activities responsible for developing, implementing, operating, managing, and improving business processes aiming at transforming resources (i.e., inputs) into products and services (outputs). OM is closely related to the process of value creation within a company; therefore, it is essential to success in business. [Source: Encyclopedia of Business in Today's World; Operations Management]
Narrower concepts
- distribution (business)
- facilities layout
- facilities location
- just-in-time management
- lean production
- management information systems
- management science
- operations management theory
- operations strategy
- operations systems
- outsourcing
- process (operations management)
- procurement
- quality management
- risk (business)
- service science
- supply chains
- technology management
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/operations_management
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