Operations Management is a field of management concerned with overseeing, designing, and controlling the production and delivery of products and services. It involves the efficient use of resources, including labor, materials, and technology, to ensure that operations run smoothly and meet customer expectations. Operations management encompasses various functions such as planning, organizing, coordinating, and controlling all aspects of production and service delivery. It aims to optimize processes, improve quality, reduce costs, and increase productivity. Key activities include supply chain management, inventory control, quality management, and service delivery management. By effectively managing operations, organizations can enhance their competitiveness and operational efficiency.
Revamping Strategies for Future Growth In an unexpected turn of events, a recent strategy to cut production and reduce inventories has provided a significant boost to the company's financial health.…