Operational Management (or Operations Management) is addressing the current problems, but that does not mean that the decisions taken in the framework of its not important.On the contrary, without the everyday tasks are not the activities of the company.
Operational management - it is actually designing solutions to reduce the cost of the company's operations without loss of quality of the results of this activity.Thus, the operational management in the everyday tasks involved in the overall optimization of the company.
Successful operational decisions are often copied competitors, so they are rarely the advantage, at least, for a long time.But this does not mean that the search for innovative solutions to optimize the company's operations, it is not necessary: the pioneers usually did remove some of the cream.
operational management function often anyway dispersed to various services of the company.This allows the heads of those services to optimize the production processes within their segments, which ultimately have a positive impact on the entire company.
Undoubtedly, the operational management should be based on strategic.For example, the management of the airline, which is positioned in the market in the low-cost segment, is unlikely to decide to serve on the board three-course dinner, the cost of which will be included in the ticket.Such a decision would have been irrational.Or manufacturer luxury-segment can not reduce the cost of production by using cheaper raw materials: this can affect the quality of the final product.
study of operational management within the university or training, no doubt, be useful to managers middle and senior managers, as the organization of the company and its leadership, in addition to experience, the necessary theoretical and practical knowledge.
In addition, knowledge of the basic principles of operational management will be useful in assessing the effectiveness of the company in general.The study of this discipline is useful not only managers, but also accountants, financiers, marketers and even programmers.
Operational Analysis in financial management as part of short-term planning, helps keep track of the results of the dependence of the company in terms of money, that is, income from production costs and volumes.
This analysis is often referred to as the break-even analysis, because it can be calculated, including the amount and nature of production at which the financial results will be zero.He also helps to determine the threshold of profitability of the company and allows to predict the financial implications of certain decisions.
Thus, operational analysis and operational management are closely linked, so that entrepreneurs and managers must master these disciplines to the company not only to continue its activities, but also as efficiently developed.
