Operations management has closed interactions with other functional areas of management explain the statement with the relevant examples
Answer:
Operations management is a critical functional area of management that is closely linked to and interacts with other functional areas of management, such as marketing, finance, human resources, and strategy. These interactions are important for the smooth running of an organization and for ensuring that all functional areas are aligned towards the achievement of the organization's goals. Here are a few examples of the interactions between operations management and other functional areas:
Marketing: Operations management interacts with marketing to ensure that the products and services offered by the organization meet the needs and preferences of customers. This involves coordinating with marketing to understand customer demand, and then using this information to design and manage operations processes that deliver products and services that meet these needs.
Finance: Operations management interacts with finance to ensure that the organization's operations are financially sustainable. This involves working with finance to understand the costs associated with operations, and then using this information to develop and implement cost-saving measures. Operations management also works with finance to manage cash flow and to ensure that there are sufficient resources available to support ongoing operations.
Human Resources: Operations management interacts with human resources to recruit, train, and retain employees with the skills and abilities required to support the organization's operations. This involves working with human resources to understand the skills and abilities required for specific jobs, and then using this information to design and implement training programs that ensure that employees have the necessary skills to perform their jobs effectively.
Strategy: Operations management plays a critical role in supporting the implementation of the organization's strategy. This involves working with other functional areas, such as strategy, to understand the organization's goals and objectives, and then using this information to design and manage operations processes that support the achievement of these goals.
In summary, operations management has closed interactions with other functional areas of management because it is critical for the smooth running of an organization and for ensuring that all functional areas are aligned towards the achievement of the organization's goals.