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Management of operations

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Management of operations

    • Posted by Rohan Pundir 4 years, 5 months ago

    CBSE > Class 12 > Business Studies
    • 1 answers

    Meghna Thapar 4 years ago

    Operations management is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. For example, if an organization makes furniture, some of the operations management decisions involve the following: purchasing wood and fabric, hiring and training workers, ... purchase cutting tools and other fabrication equipment.

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    CBSE > Class 12 > Business Studies
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    CBSE > Class 12 > Business Studies
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