Quick Answer: What Are The Objectives Of OM?

What are the 5 performance objectives?

The key to having good all-round performance is five performance objectives: quality, speed, dependability, flexibility and cost..

What are the objectives of operations management?

The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs. Operations is one of the three strategic functions of any organization.

What are the speed objectives?

The objective of speed measures how fast a company can deliver its products and generates sales quotes. This objective will be concerned with such issues as the time that it takes to manufacture and process one or more products of the company or the time that it takes to research a new product and develop it.

What is a work objective?

What are Objectives? Work Objectives clearly communicate what is expected from employees during the coming work year, season, or term.

How do you create an objective?

5 Steps to Writing Clear and Measurable Learning ObjectivesIdentify the Level of Knowledge Necessary to Achieve Your Objective. Before you begin writing objectives, stop and think about what type of change you want your training to make. … Select an Action Verb. … Create Your Very Own Objective. … Check Your Objective. … Repeat, Repeat, Repeat.

What are the five performance objectives of operations management?

(2007) describe five basic operations performance objectives which allow the organisation to measure its operations performance. The performance objectives are quality, speed, dependability, flexibility and cost.

What is Operation department?

An operations department ensures that the production process is completed from start to finish. … Managers assigned to the operations department provide constant oversight on the production process to make sure their employees can systematically perform their tasks.

What are types of objectives?

Objectives are the specific measurable results of the initiative….There are three basic types of objectives.Process objectives. These are the objectives that provide the groundwork or implementation necessary to achieve your other objectives. … Behavioral objectives. … Community-level outcome objectives.

What are your performance goals?

Performance Goals are short-term objectives that are set for specific duties in your current job position. … The focus here is taking your own initiatives, setting your own goals, and helping to achieve uncommon results daily in your career.

What is an example of a smart objective?

Examples of SMART objectives: ‘To achieve a 15% net profit by 31 March’, ‘to generate 20% revenue from online sales before 31 December’ or ‘to recruit three new people to the marketing team by the beginning of January’.

What are some good work objectives?

objectives are that they are:Specific (simple, sensible, significant)Measurable (meaningful, motivating)Achievable (agreed, attainable)Relevant (reasonable, realistic and resourced, results-based)Time bound (time-based, time limited, time/cost limited, timely, time-sensitive)

What is Operations Management and why is it important?

Operations management is the process that generally plans, controls and supervises manufacturing and production processes and service delivery. Operations management is important in a business organization because it helps effectively manage, control and supervise goods, services and people.