What is Operations Management?

You want to dive deep into the world of finance and management? Visit us:
www.frankfurt-school.de/en/hom...
In our day to day live we routinely deal with both physical goods as well as services. But where do these products or services come from?: How are these goods and services made?
This is where Operations Management comes into play: looking closely at the production of such goods, we’re able to take a peek inside the „black box“ which is the production process.
Operations Management can be defined as the management of the entire process that transfers inputs into outputs. Outputs are as said physical goods or services. Inputs can be material, manpower and machines.
Here’s an example from the car industry: The material, metal in this case, is supposed to be reshaped by a machine. This machine, a press in our example, is operated by a machine operator.
The metal thus becomes, through the transformation process, a finished component which is assembled on a car as the output of this process.
A central aspect of Operations Management is the improvement of the transformation processes which can be accomplished by concepts such as Total Quality Management, Kanban, or Total Productive Maintenance.

[@NoahTapara-eg8it]

My dad was always hardworking. I tell you, his body is a machine. No problems, no convictions, no worries. He's the man brothers, my dad.

[@AbdulSamad-zn6bj]

A very good basic knowledge to understand OM.. Great

[@adriandonesmontiel7317]

📍Timestamps
Operations Management 0:17
Production Process 0:26
Definition 0:30
Illustrative Example 0:42
Central Aspect 1:06
OM Concepts 1:14

[@diontaedaughtry974]

Thank you this was very helpful and informative 👍👍

[@tracyworden3688]

Great! Quick and To the Point!

[@HinduMantrasHub]

this video was very helpful thankyou sir

[@indianmiddleclassfashion.4109]

Thank you professor , thanks alot

[@ntcuong01ct1]

Dear Friends,
I want to know the difference in the way of operating departments within a company, especially between large and small companies, what are the differences? I think it's different in terms of production capacity, shipping capacity, inventory capacity, right ?.

[@hemanandolim6965]

wow that was simple and helpful!

[@ntcuong01ct1]

Dear Friend,
I have a question: The financial department, sale & marketing department belong to Operation Management field, right?. I confused it. Thank you.

[@ntcuong01ct1]

Dear friends, I have a question: Distribution channel, distribution center belong to Operations management, is it right?

[@RajuyCh-ug9ok]

Thank you!!

[@mrmatias2618]

Loved it.

[@Anjalii809]

Great sir 👌

[@christopher098123]

CAN ANYONE TELL ME WHAT ARE 3 PROCESSES IN OPERATIONS MANAGEMENT

[@user-dt5xy3mu3u]

well done

[@shadaashraf5095]

You're the best ! ^_^

[@jacqueeeesvlogs9039]

Thankyou.

[@ntcuong01ct1]

Dear Friends,
I have confused, and I have many questions:
1/ How the financial and accouting, legal, HR, supply chain, IT departments support the operations/primary activities of a manufacturing company?.
the financial and accouting, legal, HR, supply chain, IT departments belong to Operation Management?.
2/ How the Sales & Marketing departments support the operations/primary activities of a manufacturing company?.
Could you help?. Thank you.

[@kawardt6784]

They convert input to output and marketing team help to advertise the product for future sales. Financing and accounting..etc they are all administrative.

[@iamabishjebin]

Thank u

[@aryaram9213]

whats the music name?

[@kaiminngaokrajang2495]

hotel califonia

[@naturaleglow]

Permission to use your video for school purposes for example. Thank youu!

[@leenazabila1368]

I love it,, but may I ask you why operation management so important to a business,,
Thank for ur kindly answer for advance

[@mohammadalshaer5464]

Ok.... this is easy.
Who will control the production chain? Supply Chain? Sales?
These are accomplished by operations management degree holder.

[@kawardt6784]

The definition of an operaring management is to manage activities that tranform inputs to outputs to customers efficiently. So from that, operation management ensures the products you use is up to the standard with various added values. It also helps company to save money. Thus, reduce production cost and max out profit. Just how I interpet this.

[@botach4612]

i hated this job, enough to go back and get a degree in an entirely new field. Worth every penny of that tuition money too. Never again.

[@alfredotorres9023]

what field did you go into??

[@lucacecchetelli5153]

HTH send me here

[@diegobarriaroman3154]

saludos al pofe colli

[@gsiyoum]

🙏&👍

[@riyaff4201]

Oombi

[@ntcuong01ct1]

Dear friends, I have a question: Distribution channel, distribution center belong to Operations management, is it right?