Operations Management

Today's competitive market demands that operational excellence can't be optional and has become the differentiator between scaling and stagnation of many businesses .  Turning theory into action is not just a buzzword anymore; it's the underpinning of competency in big businesses.    What is operations management ?    Operations management is the pr ocess of administering business practices so that they perform efficiently. Operations management reviews existing structures to maximize efficie ncy. It drives:   Productivity    Profitability    Performance across various sectors.    The designing, controlling, and improving of business practices comes under its functionality. Today, increasingly, it has become a part of a leadership role, as the operations manager has to take decisions regarding cost, customer experience, and sustainability .   Operations management has always been important, but it can no...