Operations Management
📈 Investing
intermediate

Quick Definition

Operations management involves the planning, organizing, and supervising of production, manufacturing, or the provision of services. It ensures that an organization’s resources are used efficiently and effectively to meet business objectives.

Examples

  • 1A manufacturing plant streamlining its assembly line to increase output and reduce waste.
  • 2A software company optimizing its development processes to shorten the time from concept to market release.
  • 3A hospital reorganizing its staff shifts to improve patient care and reduce waiting times.
  • 4A restaurant redesigning its kitchen layout to enhance workflow and service speed.

Tags

operationsmanagementefficiencyproductionservices
Quick Info
Category:Investing
Difficulty:intermediate
Last Updated:6/20/2025