It has been suggested that this article or section be merged with Operations research. (Discuss)

Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. It is also the management of resources, the distribution of goods and services to customers, and the analysis of queue systems. Image File history File links Merge-arrows. ... Operations Research or Operational Research (OR) is an interdisciplinary branch of mathematics which uses methods like mathematical modeling, statistics, and algorithms to arrive at optimal or good decisions in complex problems which are concerned with optimizing the maxima (profit, faster assembly line, greater crop yield, higher bandwidth, etc) or minima... Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. ... Efficient can relate to: Efficiency (and related topics; see link), the technical term often related to energy usage. ... Efficiency is the capability of acting or producing effectively with a minimum amount or quantity of waste, expense, or unnecessary effort. ...

APICS The Association for Operations Management also defines operations management as "the field of study that focuses on the effective planning, scheduling, use, and control of a manufacturing or service organization through the study of concepts from design engineering, industrial engineering, management information systems, quality management, production management, inventory management, accounting, and other functions as they affect the organization" (APICS Dictionary, 11th edition). APICS The Association for Operations Management, is a not-for-profit international education organization, offering certification programs, training tools and networking opportunities to increase workplace performance. ...

Operations also refers to the production of goods and services, the set of value-added activities that transform inputs into many outputs.^[1] Fundamentally, these value-adding creative activities should be aligned with market opportunity (see Marketing) for optimal enterprise performance. For the magazine, see Marketing (magazine). ...

Origins

The origins of Operations Management can be traced back to the Industrial Revolution, the same as Scientific Management and Operations Research. Adam Smith treats the topic of the division of labor when opening his 1776 masterpiece: An Inquiry into the Nature and Causes of the Wealth of Nations also commonly known as The Wealth of Nations. The first documented effort to solve operation management issues comes from Eli Withney back in 1798, leading to the birth of the American System of Manufacturers (ASM) by the mid-1800s. It was not until the late 1950's that the scholars noted the importance of vieweing production operations as systems.^{[2] [3]} A Watt steam engine, the steam engine that propelled the Industrial Revolution in Britain and the world. ... Scientific management, also called Taylorism or the Classical Perspective, is a method in management theory that determines changes to improve labour productivity. ... Operations Research or Operational Research (OR) is an interdisciplinary branch of mathematics which uses methods like mathematical modeling, statistics, and algorithms to arrive at optimal or good decisions in complex problems which are concerned with optimizing the maxima (profit, faster assembly line, greater crop yield, higher bandwidth, etc) or minima... For other persons named Adam Smith, see Adam Smith (disambiguation). ... An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of Adam Smith, published in 1776. ... Adam Smith An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith, published on March 9, 1776 during the Scottish Enlightenment. ...

Historically, the body of knowledge stemming from industrial engineering formed the basis of the first MBA programs, and is central to operations management as used across diverse business sectors, industry, consulting and non-profit organizations. This article needs additional references or sources to facilitate its verification. ... Master of Business Administration (MBA) is a tertiary degree in business management. ...

Operations Management Planning Criteria

• Control by creating and maintaining a positive flow of work by utilizing what resources and facilities are available
• Lead by developing and cascading the organizations strategy/mission statement to all staff
• Organize resources such as facilities and employees so as to ensure effective production of goods and services
• Plan by prioritizing customer, employee and organizational requirements
• Maintaining and monitoring staffing, levels,Knowledge-Skill-Attitude (KSA), expectations and motivation to fulfill organizational requirements
• Performance Measures for the measurement of performance and consideration of efficiency versus effectiveness^[4]

Organizations

The following organizations support and promote operations management

• Institute for Operations Research and the Management Sciences (INFORMS)
• Production and Operations Management Society (POMS) [1]
• The Association for Operations Management (APICS)
• Institute of Operations Management [2]
• Chartered Management Institute
• European Operations Management Association (EurOMA) [3], which supports the International Journal of Operations & Production Management

INFORMS is The Institute for Operations Research and the Management Sciences. ... APICS The Association for Operations Management, is a not-for-profit international education organization, offering certification programs, training tools and networking opportunities to increase workplace performance. ... The Chartered Management Institute is a professional institution for managers, based in the United Kingdom. ... The International Journal of Operations and Production Management is a peer-reviewed academic journal published by Emerald Group Publishing Limited. ...

Academic resources

• International Journal of Services and Operations Management, ISSN: 1744-2370, Inderscience

See also

APICS The Association for Operations Management, is a not-for-profit international education organization, offering certification programs, training tools and networking opportunities to increase workplace performance. ... Business process reengineering (BPR) is a management approach aiming at improvements by means of elevating efficiency and effectiveness of the processes that exist within and across organizations. ... A Contingency plan is a plan devised for a specific situation when things could go wrong. ... Capacity planning enables the determination of sufficient resources so that user satisfaction can be maximised through timely, efficient and accurate responses. ... The Chartered Management Institute is a professional institution for managers, based in the United Kingdom. ... Wikibooks [[wikibooks:|]] has more about this subject: Marketing Distribution is one of the 4 aspects of marketing. ... Enterprise Decision Management, commonly abbreviated EDM, entails all aspects of managing automated decision design and deployment that an organization uses to manage its interactions with customers, employees and suppliers. ... This article needs additional references or sources to facilitate its verification. ... The International Journal of Operations and Production Management is a peer-reviewed academic journal published by Emerald Group Publishing Limited. ... In business management, inventory consists of a list of goods and materials held available in stock. ... Just In Time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in-process inventory and its associated costs. ... Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product. ... In mathematics, linear programming (LP) problems involve the optimization of a linear objective function, subject to linear equality and inequality constraints. ... Aggregate planning Agile software development Critical path method Critical chain Cost overrun Dependency Duration (project management) Dynamic Systems Development Method Earned Schedule Earned value management Estimation Estimation in software engineering Event chain diagram Event chain methodology Extreme project management Float (project management) Focused improvement Fordism Gantt, Henry Gantt chart Goal... Look up Logistics in Wiktionary, the free dictionary. ... // Looking at information as a crucial business resource, this is what Information management actually means. ... Operational Intelligence (OI) focuses on optimizing business processes by identifying patterns of execution and bottlenecks in the processes, and how exceptional business events affect the processes. ... It has been suggested that this article or section be merged with business Performance Management. ... In business, the term Operational Risk Management (ORM) is the oversight of many forms of day-to-day operational risk including the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. ... Process management is the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering. ... Project Management is the discipline of organizing and managing resources (e. ... Quality management is a method for ensuring that all the activities necessary to design, develop and implement a product or service are effective and efficient with respect to the system and its performance. ... This article is confusing for some readers, and needs to be edited for clarity. ... In project management, a schedule consists of a list of a projects terminal elements with intended start and finish dates. ... Service Management is integrated into Supply Chain Management as the joint between the actual sales and the customer. ... Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the supply chain as efficiently as possible. ... Systems thinking is a social approach using systems theories to create desired outcomes, or change. ... Total Quality Management (TQM) is a management strategy aimed at embedding awareness of quality in all organizational processes. ... Transportation Management Systems, commonly known as TMS, are a category of operations software (often Web-hosted) under the “supply chain execution” grouping that aids logistics management in various modes along with associated activities, including managing shipping units; shipment scheduling through inbound, outbound and intra-company shipments; modelling and benchmarking, rate... Yield management, also known as revenue management, is the process of understanding, anticipating and reacting to consumer behaviour in order to maximize revenue or profits. ...

References

1. ^ Operations Management: in a week, Sean Naughton, (2002) Chartered Management Institute, ISBN 0-340-84966-5
2. ^ An historical perspective on Operations Management, James M. WIlson, (1995) Production and Inventory Management Journal
3. ^ Operations Management for Competitive Advantage, Chase, Aquilano, et. al., (2001)
4. ^ Operations Management: in a week, Sean Naughton, (2002) Chartered Management Institute, ISBN 0-340-84966-5

External links

• Institute of operations management Portal
• Production Scheduling and Planning Portal
• Advanced-Planning Systems Problem Structures, Advanced-Planning-Software.
• Chartered Management Institute