Importance and Value of Operations Management
Operations management is a very crucial subject for business operations to maintain properly. The importance and value of the operations management in achieving the business objectives are described as follows in the analysis of the organization Marks and Spencer Ltd.
Importance and Value of Operations Management
There is a total of eleven importance of operations management
Production Efficiency
Production is the prime area of cost minimization for any company. By the proper cost calculation marks and spencer can avoid the high costing and ensure the production efficiency of their product.
Profit Maximization
The main goal of any business is profit maximization and the goal can be fulfilled by maximum sales to the customers and efficient operation management. Marks and Spencer …