TO : BY:

Prof. Tasneem Kalyani

Dhoondia Disha
Smrithi
Shamika
Anish
Sourabh
Sunil
 Operations management is an area of management
concerned with
designing and controlling the process of production
redesigning business operations in the production of
goods or services.
Operational efficiency is capability of an enterprise
to deliver product or services to its customer in the
most cost effective manner possible while still
ensuring the high quality of its product service and
support
Streamlining a company’s core processes
Minimize redundancy and waste while leveraging
the resources
Reduced internal cost that result from operational
efficiency
Profit and loss account approach.
Balance sheet approach.
Cost accounting approach.
Fiscal approach
Any kind of practice which allows a business
or other organization to maximize the use
of their inputs but developing products at a
faster pace than competitors or reducing
defects
An operations manager is tasked with ensuring that
operations are both efficient and effective. Establishing an
effective operations process involves strategy development
with some trial and error, but skilled operations leaders can
shape efficient and effective business processes by employing
a few important traits. The traits are:-
An Operations Manager is Realistic
An Operations Manager Looks for Efficiency
An Operations Manager Focuses on Quality
Operations Leaders are Effective at Supply Chain
Management
Operations Leaders Do Not Manage; They Lead.
The attractiveness of a product relative to its price is
called value

Operations managers add value to companies' products

and services through ensuring quality control

The value of a product is measured in its ultimate utility

to a customer
An Operations Manager manages the non
development related aspects of a product
 The work impacts cost and quality
 A operations manager assures to reduce production
cost
 This reduced cost is transmitted to the customer in
terms of price
 The Operations Manager also impacts quality
 If the product is manufactured poorly, failure of the
product will upset customers and reduce value