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Operational management tasks are the daily steps that are implemented to achieve business goals and procedures. They assist your business to run efficiently and help to provide quality products to customers. They include processes such as production and supply chain management as well as scheduling. They also include inventory control, resourcing and control of inventory. Operational management is focused on implementing the strategies set out by strategic management.
Strategic management is a higher-level procedure that is more broad-based in its concepts and visions. This is why it is typically carried out by senior managers like the CEO, CFO, or the founder. It also considers the branding, ideals and the philosophy of a company’s work ethics and mission.
Once a leader has made a decision on the general direction of an organization they will look to their Operations Management team for specific strategies and tactics. They will be more detailed and therefore easier to implement and adapt in the future. A strategic plan of management could include the notion that a company should be more environmentally friendly and utilize recycled materials in their packaging. However, the precise logistics of obtaining that material and switching to electric vehicles for shipping might be an operational management concern.
To be successful, modern businesses must be ready to adapt to sudden and unforeseeable issues that could threaten its existence. These challenges aren’t in the company’s control. In these circumstances, an effective operations manager must perform risk analysis and mitigation in order to prepare for the worst.
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