Hi am Reena i would like to get details on mba project operation management free download ..My friend Darshan said mba project operation management free download will be available here and now i am living at Mumbai and i last studied in the college Yashwantrao University and now am doing MBA i need help on doing project etc
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Operations management refers to the management of business practices to create the highest level of efficiency possible within an organization. It is about converting materials and labor into goods and services in the most efficient way possible to maximize the benefits of an organization. Operations management teams try to balance costs with revenues to achieve the highest net operating profit possible.
Operations management addresses several strategic issues, including determining the size of manufacturing plants and project management methods, and implementing the structure of information technology networks. Other operational issues include management of inventory levels, including levels of work in process and procurement of raw materials; QA; material handling; And maintenance policies. The management of operations involves studying the use of raw materials and ensuring a minimum of waste. Administrators use numerous formulas such as the economic quantity formula to determine when and how large of an inventory order to process and how much inventory to have on hand.
There are two great terms that can help answer the question of what is operations management more accurately: supply chain management and logistics. Operations management has a solid foundation in both areas. For example, understanding global trends in supply chain management to meet customer demand is often critical. With logistics, careful and considerate use of resources as well as profitability has become increasingly important at a time when resources can often be scarce and customer expectations have skyrocketed.
