Risk management consultants give advice on protecting organizations from potential losses to property, assets or people. A risk management consultant can look broadly at all the threats facing your business, from government regulation to employee theft to equipment going obsolete.
If you work in manufacturing or distribution, you know that supply chain management can make or break your cost and production projections. If you have a break in your supply chain, it can cripple your business.
BPR experts define business process reengineering as the radical redesign of organizational processes to achieve drastic improvement in current performance. If your company needs to drastically improve performance in one or more areas, business process reengineering training can have a huge impact on your company's bottom line.
Business development consultancy can help many entrepreneurs experiencing moments of self doubt about how their business is progressing. It can also help them if they are just getting started.
Organizational development is a collaborative effort to examine and improve system-wide practices and relationships in an organization. There is an emphasis on including and respecting the opinions of all team members, and a focus on developing self-awareness and interpersonal skills.
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Product Life Cycle Management Software helps businesses keep up with trends and avoid the cost of holding on to dated ideas or products by analyzing cost, sales and competition. PLC software choices are not only plenty, but necessary to engineers and, especially in the 21st century, software designers.
Statistics applications run the gamut between very sophisticated to simple to use. Working in the information age means that you are never short of data.
Chain organizations are a group of passionate professionals who want to share their experiences and knowledge. They are a source of support, networking and solutions in the industry.
Use organization development education and training to help you to identify your business priorities, the process to make your business a success and what behavioral areas need change and developing. You can use organization development training courses not only for you, but for your staff as well.
Six Sigma Green Belt programs help companies to apply an exact, organized system that uses statistics and data to improve performance. The goal of Six Sigma training programs is to reduce defects in manufacturing and services to fewer than 3.
Customer experience management (CEM) means customer loyalty and long-term retention. Every small business owner should incorporate its principles into existing business strategies and goals for improved return on investment.
CPM project management is a technique that allows the project manager to effectively plan a large and complex project from start to finish. By performing a critical path analysis, the project manager lays out which activities are "critical" and need to be completed before any other activities on the project can begin.
Operations management refers to the sector of a company’s management that observes a business’ operations and makes changes in design where necessary. The goal of the operations manager is to make the production of goods and services both efficient and effective. These managers come up with ways to use the least possible resources to make the best quality product while striving to meet the customer’s expectations and requirements. Operations management is all about overseeing the process of the conversion of raw materials into the finished product or service. If you want your business to function as smoothly as possible, then you should consider implementing an operations management division.
Operations management oversees the system of operations within a company. Operations refers to the conversion of inputs such as labor, capital, and materials into goods and services. For this conversion to take place, many decisions must be made, including what to produce, how, where, and in what facility, how to train employees, how to raise the quality of a product, and how to lower expenses and improve productivity. Having an operations management team to make or, at the very least, supervise all these decisions can help create a more organized, united system of operations. Operations management ensures that no one department is working independently of another, and that all operating decisions are made cooperatively.
A sizeable portion of operations management is forecasting. Forecasting requires a manager to gauge future opportunities and make judgment calls that will help a company be more productive and streamlined with its operations. These forecasts can be qualitative or quantitative. John Kamauff’s “Manager’s Guide to Operations Management” describes the latter as involving a specific, quantifiable decision. Quantitative forecasts are not simply “yes, order the inventory” but “order 1,000 units.” An organization can benefit from these judgment calls and from having them be issued by an operations manager who, by virtue of his or her post, has access to the entire system of operations.
Operations management workers have a hand in all the factors that influence a consumer’s buying decision, from product type to employee training. They are therefore in an ideal place to adjust the operating process as needed to maintain a competitive edge. Operations managers remain aware of new companies entering the market and can address their own company’s system in response.
Financial and Risk Management
Operations management includes financial and risk management within its scope. Operations managers may oversee an organization’s quarterly or annual budget, create financial reports, and monitor cash flow. They may also communicate with legal counsel and attend to any legal problems the company may face, as well as handle insurance policies. This broad reach allows them to ensure the company’s efficiency and effectiveness.
Business operations involve a complex array of overlapping processes. Useful advice takes into account the size of the business, the industry in which the business operates, and management's deviation from best practices recognized as standards for similar companies. Written advice without direct assessment of the existing management structure can lead a business astray.
Unique Business Culture
Every business has a unique personality and a company culture that impacts the overall style of management. Often, a company's perceived culture is one of its greatest intangible assets that attracts talent and generates a reputation as a great place to work. Any operational advice affecting management can have an unanticipated negative impact on the company's work atmosphere, particularly when the advice is provided outside of a direct evaluation.
A company's operational structure is the arterial network that supplies the body of the business with what it needs to function. While it can be helpful to use outside operational tools from a theoretical standpoint, it is as important to customize the advice for the business as it is for a person to obtain a correct diagnosis from a doctor before self-medicating.
Anything that impacts the way employees work has the potential to disrupt their sense of accomplishment and satisfaction with their jobs. Using a static document to evaluate systems can create concern over retroactive performance standards and unrealistic expectations. It is often advisable to involve employees in the change process from the beginning and make the design of the tools to be used an interactive activity.
In business, case studies analyzing decisions made by individual companies drive the development of models, standards, and accepted practices. Based on this input, templates and guides present advice that is in line with normal scenarios. Every business has its own unique set of circumstances, however, and such tools are only useful if there is someone on staff who understands the reasoning behind the tool and can customize it to meet the company's particular needs. Small companies sometimes lack the expertise to put these tools to the best use.
How Much is an Operations Manager?
According to the U.S. Bureau of Labor Statistics, the mean annual wage for operations managers was $107,970 in May 2008, with a range from $45,410 to $37,020. Operations management is earned as a degree in most educational institutions.
Training Costs and Employment
Training costs for an operations manager may be small at first. The fact that operations managers are trained through educational programs helps reduce the cost of training initially. However, additional training for new operations, such as a department of business and finance, may be required. Continued education may also be something your company would want to support by sending the operations manager back to school for a higher level of education. Costs vary for schooling depending on the institution.
Operations management oversees the inner workings of your company’s production of goods and services. This small sector of management adds a greater level of organization to your business’ production capacity and can increase its efficiency and effectiveness. An operations manager’s keen insight into the way your company works allows him to make accurate forecasts of the materials necessary for production. Equally valuable is an operations manager’s insight into your competition and their productive capacity. Every business is unique and has its own culture and particular processes. When searching for an operations manager, make sure that he fits your business’ needs and tendencies. Though they do not come cheap, operations managers can end up saving you a lot more money in the long run.
Operations management is an area in the field of management. It focuses on overseeing, redesigning, and designing business operations for a particular business. An operations manager ensures that business operations are running smoothly and makes sure that the business is spending less while making more.
Operations management also focuses on meeting customer requirements. If you are starting a business, it may be wise to hire an operations manager, at least when you are new to the business. The operations manager is important because they work to shape your business into an effective and well-managed machine. This individual can also make tactical decisions and helps carry out strategies for growth in size and profit.
Operations management is most commonly found in development, production, and manufacturing. Individuals who have gone through the programs for operations management should be versed in general management, production systems, maintenance programs and management, production control, labor relations, and more, as they will be intertwined with most aspects of your business.
When looking for an operations manager, it is important to find someone with people skills, knowledge of the various systems you will be using, and someone with a creative outlook. These individuals are often able to provide positive insight to your business while it grows.
For more information about operations management, visit the links on Business.com.
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