Operations management and operational efficiency


Problem:

Succinctly defines in his or her own words the terms operations management, operational efficiency, operational effectiveness, operations strategy, and operational sustainability.

Next critically discusses the process of operations management and how it is done within their organization, using the terms just defined. Find at least one internal area where operations management is implemented, discuss the process, and comment on the relative effectiveness of the process.

What OM techniques are used? How? If not used, why not (e.g., lack of time, lack of knowledge, culture resistance, complexity)?

Who uses them (what level in the organization e.g., operational/tactical, strategic)?

What is done? How is it done? Is it a formalized process?

What models, approaches, ideas, or technologies are used?

Specifically, is Six Sigma used? Why or why not?

In addition,define the concept of quality as used in his or her work organization. Are there other concepts for quality? If so, name one or more.

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Finance Basics: Operations management and operational efficiency
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