Activity Based Management (ABM)

Operations Management in an organisation is repsonsible for managing and in making decisions concerning the activities that convert inputs into outputs , that is goods and services. This covers both short term actvities as well as longer term activities to meet strategic goals. Inputs can be the raw materaials need to manufacture goods such as furniture or the computers needed to create a service like online shopping site. Operation management’s role is to make decisions to improve how operation activities function, for example, to improve the final quality of the output or to change production methods to be more efficient in terms of cost and in time.

Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations

Operations management refers to all levels of an organisation and how best to efficiently convene, fund, maintain and maximise its services and/or operations, both internal and external. The core goal/objective of operations management it to maximise outputs while reducing and minimising the inputs required to achieve the desired results.

Operations management is an area of management concerned with overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services. The main influences on operation management include;

According to Investopedia ULC (2012), " Operations management is concerned with converting materials and labor into goods and services as efficiently as

According to, “(Jacobs & Chase, 2008), “Operations Management is the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services”. It is a key element in the improvement in productivity in an organization. To establish a competitive advantage the operation management should contribute to productivity growth. It is the management of the system that produce goods and deliver a services.

Operations management is the management of processes that create goods and/or services which is the core to any business. (Stevenson, 2012) Operations involves leading within several operational duties such as: service design, process selection, selection and management of technology, design of work systems, location planning, facilities planning, and quality improvement. There are many activities that should be a focus for Operations Managers and can help ensure process and productivity and

Operations management is generally described as the planning, arrangement, and control of activities that change raw materials or an organization's input into finished products and services. The overall activities covered by operations management include the creation, development, manufacture, and distribution of products. The concept also relates to various activities such as inventory control, controlling purchases, quality control, logistics, storage, and evaluation ("Operations Management in McDonalds", n.d.). Since operations management covers the entire operations in an organization, it mainly focuses on the efficiency and effectiveness of the firm's processes.

Operations Management focuses on the design and management of products, processes, services and supply chains (Diemond, 2014). It considers the acquisition, development, and utilization of resources that firms need to deliver the goods and services their clients want (Diemond 2014). Operations Management consists of many topics which are applied on a daily basis at the company I work for. Some of the topics include process control, lean manufacturing, six sigma, and supply chain management. It is the process that controls how inputs (raw materials, labor, and energy) get converted into outputs (finished goods or services).

Operations Management Process is the central arteries within the organization because it produces the planning process for goods and services, which are its reason for existent. Operations management is linked to all organizations as every organization is producing either a product or a service. However, it cannot be said to be the most important function since there are other functional areas and boundaries within an organization. In today's fast changing world, organizations have to have a tendency towards being efficient, effective and innovative to the changing environment to succeed. Operations Management has to use metrics in order for them to accomplish their task and be successful with

Operation management is the practice of business to create the highest level of efficiency possible within an organization (Investopedia.com, 2010). Through operation management, managers can identify, measure, and improve the efficiency of the operation. To maximize the Bedside Delivery Program, managers can utilize techniques and methodology such a decision tree and Six Sigma to make informed decision.

Application ABC method can help employees understand the full cost involved, they can analyze costs and determine which activities bring added value and does not operate, thereby improving operational efficiency. This is a continuous improvement process starts from analyzing costs, reduce the operation does not create additional value and thereby achieve overall efficiency. ABC helps organization create better products, to meet the needs of the market with a competitive cost. Product profitability analysis and customer profitability brought by this method has contributed actively to the process of decision making at the management level;

Operations management can also be referred as a business practice that are used to generate profit for an organization with the use of optimal resources. It includes function such as material requirement planning, managing purchases, storage, logistic and evaluation of processes. The focus is on efficiency and effectiveness while performing these functions. Thus it can be concluded that operations management involves measurement and analysis of processes.

Operations management focuses on managing the processes of producing and distributing products and services. Operations activities often include product creation, development, production and distribution. It deals with all operations within the organization. Related activities include managing purchases, inventory control, quality control, storage, logistics and evaluations. The nature of how operations management is carried out in an organization depends very much on the nature of products or services in the organization, for example, retail, manufacturing, wholesale, etc.

Operational management processes in a firm involves overseeing, formulating and reformulation of the operations of a business. The processes are meant to ensure efficiency in administering resources whilst ensuring there is effective management of client’s specifications and or directions. This is achieved by adding value to the firm’s processes. Such achievements are experienced when a firm embarks in directing its physical and or technical functions towards enhancing its development, production and manufacturing. These should be pre-determined and controlled by market opportunities if a company is to reach its ultimate production levels. Their realisation adds up to ensuring the future of a firm, offering operational