Effectual operations management has several responsibilities such as the designing of products. Operations management is the administration of business practices to increase efficiency within an organization. Moreover, it deals with the efficient conversion of materials and labor into goods and services to maximize the profit of an organization. Also, it attempts to balance the costs with revenue to achieve the highest net operation profit. It involves planning, supervising, and organizing processes and making necessary improvements. Additionally, the adjustments in the daily operations should support the strategic objectives and goals of a company. An operations manager should have excellent organizational and coordination skills.
THE RESPONSIBILITIES OF EFFECTUAL OPERATIONS MANAGEMENT
Effectual operations management makes predictions of future events using past data. Moreover, the operations manager relies on the present and past data on the uptake of the products of a company to determine the future trends in consumption. Resultantly, this enables the company to know the volume of products that it requires to meet the market demand. Additionally, operations management handles the designing of products. This entails creating a product that the company sells to the end consumer. It also manages the supply chain process to ensure that it meets the goals of a company.
THE STEPS IN DESIGNING OF PRODUCTS
The designing process is a task of effectual operations management that involves various steps. The first step in designing of products is idea generation. The company needs to understand the needs of its customers. Furthermore, the ideas for new products can come from a variety of sources within and outside a firm. Additionally, the company needs to screen the ideas to determine which ones have the highest potential. The next study is a feasibility study. This is a study that consists of a marketing, economic, and strategic analysis. It helps to determine whether a product will meet the marketing goals of a company.