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The field of operations management is shaped by advances in which of the following fields?

The field of operations management is shaped by advances in which of the following fields? Correct Answer All of these

The correct answer is All of these.

Key Points

  • Operations management is a field of business concerned with the administration of business practices to maximize efficiency within an organization.
  • It involves planning, organizing, and overseeing the organization's processes to balance revenues and costs. 
  • An operations manager is tasked with ensuring that the organization successfully converts inputs such as materials, labor, and technology into outputs in an efficient manner.
  • It is not confined to one type of product, rather it involved everything that can be sold and marketed.
  • The field of operations management is shaped by advances in science, IT, Industrial engineering and management science, etc.
    • As the science around us evolves, we require to come up with new ways to manage it efficiently.
    • The operation management will keep on changing as the environment around us changes.

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