The sophistication in the business arena and the proper identification, development and management of the respective operations or processes is the endowment of the modern world. Trade existed even in prehistoric times, in accordance to the understanding of the specs of trade of the individuals of those times, and with respect to their broadened horizons. However, History entails that the mankind belonging to the earliest times were not embroiled in the minor sophistications of trade, and would not take in account every aspect of this phenomenon and the effect it entails on the business.
However, as time passed, mankind progresses and advanced, the horizons had started to broaden, and the concept of business and trade, out of the respective borders started to emerge, and most importantly when the concept of competition and outdoing this competition took a toll, it was when the sophistication had become an integral part of the business processes and procedures. The management of each major or small enterprise has started giving every aspect and domain of the business arena, its due attention and recognition, and as a result, new phenomenon and notions in the business and management of that business had started to emerge.
What the consumers receive in markets are the end products or the final services; seldom do they know how that the product attains the final shape, and through what stages does the material go before taking the eventual shape of the final product. Operations management, on a broader panorama, takes in to account, or denotes the overall sound working and better evolving integral operations of the firm. the provision which the operation management encompasses, range from the initial step to the final, which means every aspect is catered, right from the strategic approach, to the manufacturing specs, and the acquisition of the final good by the end consumers. Operations management relates to the internal processing of the operations, rather than dealing with the external facets (Biddle, 2011).
Important Facets of OM
The primary and essential facets of operation management revolve around are plans and proposals of the products, the supply chains, services and the appropriate processes. Operation management takes into account the attainment, formulation, and the utilization or employment of the appropriate resources, which are critical for the firm, in order to deliver the goods, or render the desired services to their respective customers and clients.
As discussed earlier, the provision of the operation management range from the strategic, to the tactical, as well as, the operations stages or levels. With respect to the operations management, the domain of the strategic arena, essentially takes into account the determination of the desired location, as well as, the size of the manufacturing plants where the processing of the goods will take place. Moreover, the determination of the respective telecommunication services and the formulation of the technology required or employed in the supply chains, are equally significant and critical in the operations management (Biddle, 2011).
As far as the domain of the tactical aspect is concerned, this arena pays ...