admin 02 Jan 2018 0 Comments Operations Management oversees all activities that are directly related to making a product or providing a service Operations management is the design, operations, and imporvement of the production system that creates the firm’s primary products and services The five P’s of transformations people, plants, part, processes, and planning and control OM decisions can be classified into 3 categories 1 strategic2 tactical3 operational Strategic decisions 5-20 yrs long range business plans, such as the acquisition of new resources Tactical decisions 2-5 yrs Hire a custom writer who has experience. It's time for you to submit amazing papers! order now refers to medium range decisions, the utilization of existing resources Operational decisions day to day narrowly focused for a short time frame, usually involving the execution of schedules or control activities Operations strategy is concerned with setting broad policies and plans for using the production resources of a firm to best support the firms long term competitive strategy Role of a company’s operations can be classified into 1 of 4 categories in this hierarchy 1 Internally Neutral2 Externally Neutral3 Internally Supportive4 Externally supportive Internally neutral don’t mess up, minimize the downside Externally neutral keeping up with the ones, operations is required to match the performance of competitiors Related posts: Managerial Accounting: Practice Test Week Five Essay Role of Cfo Southwestern University Value Chain of Waner Finance Assignment Florida Training and Institutional Performance in National Social Environmental Management Subsea Well Intervention