"Operations refer to activities that businesses engage in on a daily basis to increase the value of the enterprise and earn a profit. Business operations include the location of your business and the processes, resources, and other tools that are needed to transform inputs (raw materials, labour, and capital) into outputs (goods or services). Operations management (OM) is the administration of business practices to create the highest level of productivity possible within an organization. As the name suggests it is managing the operations and functionality of business. It involves the tasks and skills required to plan, organise and direct the activities in order to achieve the task of the day. The seven main functions of operation management are planning, scheduling, purchasing, controlling, quality control and inventory control. In each of those fields operations managers will have to take many decision affecting the organization’s effectiveness. It is concerned with converting materials and labour into goods and services as proficiently as possible to maximize the profit of an organization. The presentation gives better insight on the scope of operations management. "

Saranya R Kurup

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