Question

state any four functions of operational management. ​

Answer 1

This function in operation management is mainly concerned with planning, organising, directing and controlling all the activities of an organisation which helps in converting the raw materials and human efforts into valuable goods and services for satisfying customer needs.

Answer 2

Functions of operation management

Explanation:

Operation management is the branch of management that deals with planning, production and redesigning operations in an organization. it includes the following functions-

• Finance- operation management takes care about the utilization of available fund in the organization so that optimum production of goods and services can be assured.
• Strategy- formulation and implementation of strategy are done under operation management.
• designing of products- designing of product by utilizing the new technology so that the product may suit consumers demand is done under operation management
• Forecasting- anticipation about future business environment and planning accordingly is also a part of operation management.

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Operation management functions

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