Operations Management

1) Operations Management -

The business function responsible for planning, coordinating and controlling the resources needed to
produce products and services for a company.
“The science and the Art of ensuring, goods and services are created delivered successfully to
customers”

Needed to produce products and services for a company.

2) Why MBA Operations?

Studying operations in an MBA program gives us the opportunity to learn the skills and
tools needed to bring these innovations to life. ... Operations is of course an essential part
of running any business, and it's worth noting that obtaining skills in this area can make you a
better manager.

3) Are you aware of the different roles of an operations manager?

Sure operations managers are responsible for managing activities that are part of the
production of goods and services. Their direct responsibilities include managing both the
operations process, embracing design, planning, control, performance improvement, and
operations strategy.

4) What are the various sectors of Operations?

Operation management covers sectors like banking systems, hospitals, companies, working

with suppliers, customers, and using technology. Operations is one of the major functions in an
organization along with supply chains, marketing, finance and human resources.

5) Are you aware of any current happening in the area of operations?

5 Current happening in the area of Operations Management?

Globalization. ...
Sustainability. ...
Ethical Conduct. ...
Effective Communication. ...
System Design

6) What are your favorite topics in Operation Management ?

Examines problems encountered in planning, operating, and controlling production of goods and
services. Topics include: waiting-line management, quality assurance, production systems, project
management, and inventory management.
7) What do you understand by supply chain management?
Supply chain management is the handling of the entire production flow of a good or service —
starting from the raw components all the way to delivering the final product to the consumer.

8) How to manage a budget of a startup that is not currently growing? What do you do to cut
costs?
Five basic steps to manage a budget for a startup:
I. Content marketing.
II. Referrals.
III. Online and social media presence.
IV. Micro-influencers.
V. Press releases and guest posting.