What are the four major decision areas in operation management?
Keeping this in consideration, what are the 10 decision areas of operations management?
Google: 10 Decision Areas of Operations Management
- Design of Goods and Services.
- Quality Management.
- Process and Capacity Design.
- Location Strategy.
- Layout Design and Strategy.
- Human Resources and Job Design.
- Supply Chain Management.
- Inventory Management.
Secondly, what are the major areas of decision making? The three major areas of decision making can be divided decision, financial decision and investment decision. Investment decision relates that where should the funds and in what proportion should they be implied. Financial decision is about procurement of funds.
Accordingly, what are operations management decisions?
An operating system utilises resources to convert inputs into outputs in the form of goods or services. Conventionally, operations management is defined as the task of designing, establishing, planning, running, controlling, maintaining and improving such systems.
What are the areas of operations management?
Levels of Operations Management You can think of operations management as three levels: strategic, tactical, and operations. To achieve the company's goals, operations managers develop strategies. Under those broad strategies are tactics, or specific tasks and steps to implement the strategies.