This video dives deep into the core concepts, importance, nature, functions, and practical applications of Operations Management (OM). Through clear explanations and rich real-world examples, you'll discover how OM maximizes organizational efficiency and customer satisfaction by optimizing processes, effectively allocating resources, ensuring quality, and controlling costs. The video breaks down the key responsibilities of an operations manager, including planning and scheduling, process improvement, inventory and supply chain management, and compliance and safety assurance. Furthermore, it analyzes the application of OM across diverse sectors such as manufacturing (e.g., Tesla), services (e.g., Starbucks), and healthcare, revealing how efficient operations enable businesses to excel in competitive markets. Whether you're a business leader or a learner interested in commerce, this video offers valuable insights to understand and enhance your organization's overall performance.
