What is operations management? Explain the scope, framework and relationship of operations with other functional areas of operations management in detail.
Operations management is the branch of management concerned with designing, controlling, and overseeing the production processes and the redesign of business operations in the production of goods or services. It involves ensuring that an organization’s resources—such as labor, materials, and technology—are used as efficiently and effectively as possible. The primary goal of operations management is to maximize an organization's output while minimizing input costs without compromising on quality. It spans a wide range of activities from strategic decisions like location and layout planning to tactical activities such as inventory control and quality management.
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