Operational management tasks are the daily steps to implement business goals and procedures. They aid in running your business efficiently and help to deliver high-quality products to your customers. These include processes such as supply chain management and production scheduling. They also include resourcing, inventory control and control of inventory. Operational management focuses on executing the strategies defined by strategic management.
Strategic management is a higher-level procedure that is more broad-based in its ideas and visions. This is why it is usually executed by senior management, such as the CEO, CFO, or founder. It also considers the branding, ideals, and principles of a company’s working ethic and mission.
Once a leader has decided on the direction for an organization they will seek out their Operations Management team for specific strategies and tactics. These will be more specific, making them easier to implement or alter in the future. A strategic management plan may include the idea that an organization should be more environmentally friendly and use recycled material in their packaging. Operational management may be concerned with the logistics of obtaining this material and switching to an electric vehicle for shipping.
Modern businesses need to be ready to respond to unexpected and sudden challenges that could make their existence a risk. Regulations and global trade barriers are examples of potential threats that are beyond the company’s control. In these instances, a good operations manager will conduct risk analysis and mitigation to prepare for the most severe scenarios.
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