Define Operations Management
Operations management is a region of management worried with managing, designing, and controlling the procedure of making and redesigning business operations in the making of goods or services. Operations management occupies the accountability of making certain that business operations are good at your job in terms of by means of as few possessions as required, and effective in terms of meeting customer necessities.
Original financial accounting model based on double entry system of book keeping, developed by an Italian merchant named Lucas Pacioli, is basically to fulfil managerial requirements of a trading business. Financial accounting can measure results of a merchandising business on the basis of departments
Operations Management Definition: The design, operation, and control of the transformation process that converts resources (labor and raw materials etc.) into finished goods or services. Recommended Books ! Or Download E accounting book in MS-word format for just 20 $ - Click here to