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Operation Management

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OPERATION MANAGEMENT IS IMPORTANT TO ALL BUSINESS
To be able produce specialized managers capable of fulfilling strategic tasks within business and government enterprises the need for the practice of operations management cannot be forgone. Operations management is very significant in business operations since it forms the heart of the organisation by controlling the system of operation. Operations management deals with the design, operation, and enhancement of the systems that generate and deliver a firm’s primary products and services. Like marketing and finance, operations management is a well-designed field of business with clear management responsibilities. Panasonic Corp. is a company in which produces various electronic components …show more content…

Facilities management in Panasonic corp. is very important since the company may be busy in a batch or mass production depending on the demand conditions on the market. In this case facilities need to be managed in producing large quantities of products which must be consistent to meet the market demand at definite period. Well managed facilities help in production speed, lower per unit cost, manage and control the efficiency in the company’s production process.
Inventory control and management is one important factor of operations management that Panasonic Corp. uses in its operations. Managing and controlling the inventory of the company is very critical and essential. Innovative methods, such as Just-in-Time inventory control, are some of the most important instruments used by the company to cut costs and move products and services to consumers more rapidly.
Generally the significance of operations management on business is surrounded in every aspect of the organizations activities and therefore has vital role to play in ensuring that organizations attain their objectives and goals.

ALL OPERATION MANAGERS MANAGE PROCESSES Every organization, whether it produces goods or provides services furnishes customers with worthy products. Thus, to compete with other organizations, a company must transform resources (materials, labour, money, information) into goods or

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