An examination of the use of operations management in the successful performance of a business.
Written in 2009; 984 words; 3 sources; MLA; $ 34.95
Paper Summary:
This paper discusses the field of operations management. It first discusses how to develop an appropriate operations management strategy in a service business and how to ensure that this process is successful. The paper then looks at performance management and how it can be used to improve business operations. Finally, the paper discusses the application of the just-in-time (JIT) inventory strategy as a tactic of operations management.
From the Paper:
"Performance management is not a process or a system. It is a broad, end-to-end union of methods and solutions with three major purposes: collecting data, transforming and modeling the data into information, and Web-reporting it to users and decision makers. (Cokins 16) This method is essentially that of operations management, the assaying of current operations with the intent of further enhancing their productivity. Despite the similarity in data collection and modeling, performance management, unlike operations, specifically seeks to deliver this data as fast as possible via web-reporting."
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