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Operations management - Coggle Diagram
Operations management
Human resources (HR)
human resources are connected with operations management as it is responsible for crucial human activities needed in order to sell the product including:
- salary, training, communication, and staffing
Without human resource, operations management wouldn't be able to they wouldn't be able to successfully attract and retain personnel, expand and enhance the business, or maintain a good workplace culture and environment.
St Francis College: train and evaluate staff to have a successful outcome (contribute in the learning of students)
Marketing
Marketing is the basis for promoting the businesses goods and services. They are responsible for creating a brand and transmitting their message to customers. Therefore it is representing the business and giving being the face of the business. The marketing department is providing for creating sales and making sure that because of their promotions that the finance sector is receiving the sales and because of this it keeps the business flowing.
Depending on how much sales the marketing department is able to create, the production department can determine how much product they will need to provide for based on the demand and anticipation that the marketing department is creating. Announcigning all of the important aspect and key feature of the goods or services.
Marketing is creating a certain level of stability in sales and production and therefore finance of the business. When there is a conflict between two areas this is normally due to a instability of customers and therefore cash flow through the business making it difficult for the business to move forward. Marketing is responsible for bringing customers into the business. Marketing set the expectation for customers and operation management is responsible for seeing it through. Although the marketing department could produce amazing content, operations management should be able to make this come to life.
Operations management is responsible for creating the visions of the departments if they deem it necessary to create the maximum capability and profitability of the company. One example would be the operations management for Geico putting out the T.V commercials and the ads seen everywhere in the USA.
Production
Managing the business process and production of the product into good and services. The activities of creating products
productivity ratio, productivity measurement, productivity index, awarness , improvements, mainly working and analysing the production working system.
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Ex: The airplane production consists of thosuands of parts of raw mateirals. This transformation process converts raw materials into final goods. Inputs of materials, transformation process converting raw materials into the goods.
Finance
Finance function makes available finance necessary to carry out their functions to all other departments.
Operation management must be able to assess the monetary resources of the organization and ensure that the money is used as efficiently as possible
Assess whether or not revenue is being used wisely and increase profitability as a result of the assessment
Schools use this to assess revenue streams and distribute the money effectively to different departments (buying materials, paying staff, food, IT, etc.)