If a business wants to implement the highest level of possible efficiency, look to the field of operations management for guidance. Operations management concentrates on turning materials and labor into goods and services as resourcefully as possible to get the most organizational profit.
Familiarity with a vast array of disciplines is a requirement for any operations management position. Operations management involves general management, maintenance management, strategic policies, material planning, and analysis of manufacturing and production systems.
The History of Operations Management
In its early stages, operations management was referred to as production management. It began in manufacturing and spread quickly in the 18th century, creating a catalyst for the Industrial Revolution by allowing for interchangeability of parts. When Henry Ford created the assembly line, production management became more relevant. The economy began to be more service-based, and companies started using production management principles for process planning, so it made sense to begin calling it operations management.
Current Trends in Operations Management
Recent trends in the field come from concepts like:
Careers in Operations Management
Operations managers need to know how to control numerous issues. A solid understanding of project management methods like Six Sigma and Lean is important, as well as quality control, raw material acquisition process, maintenance policies, and keeping up with inventory levels. They also need to be able to understand formulas and how to apply them.
Employment of management occupations is predicted to increase by 6 percent from 2014-2024, according to the Bureau of Labor Statistics.
Knowledge of supply chain and logistics principles is also essential to this field. Other necessary skills include creativity, working well with others, strong organizational abilities, analysis and understanding, process coordination and tech-savviness.
A master’s degree in project management would be beneficial to anyone looking to delve deeper into this field. This degree prepares students with specialized knowledge in areas like scope, time, cost and quality management.
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