Relationship between Operations Management and Business Objectives

Question 1

Relationship between Operations Management and Business Objectives

Answer 1

Operations management involves coordinating all activities to produce goods or services.

It directly affects the cost, quality, and delivery of products.

Efficient and effective operations help businesses achieve objectives like making a profit, increasing market share, fulfilling social responsibility, and satisfying shareholders.

Question 2

example of relationship between OM and business objectives

Answer 2

Example: A business that uses robotics to improve speed and quality will reduce production errors and costs, increasing profits and competitiveness.