Operations Management is the administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as efficiently as possible to maximize profit. It involves planning, organizing, and supervising processes, and making necessary improvements for higher profitability and sustainability.

Operations Management

business practices

highest level of efficiency

converting materials and labor

goods and services

maximize profit

Planning is a cognitive process that involves setting goals, developing strategies, and outlining tasks and schedules to achieve desired outcomes. It is essential for effective decision-making and resource management, enabling individuals and organizations to anticipate future challenges and opportunities.

planning

organizing

supervising processes

necessary improvements

higher profitability

Sustainability is the practice of meeting current needs without compromising the ability of future generations to meet theirs, emphasizing a balance between economic growth, environmental health, and social well-being. It involves adopting strategies and practices that promote resource efficiency, reduce waste, and support long-term ecological balance.

sustainability

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