Service providers must plan their resources just as manufacturers do. However, unlike finished goods, services cannot be?

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01-08-2022
Business

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Service providers must plan their resources just as manufacturers do. However, unlike finished goods, services cannot be?

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pannurekha166 pannurekha166 · Answer 1 · 2022-08-12T07:29:13-04:00

Just like manufacturers, service providers must arrange their resources. However, services cannot be managed through operations, unlike finished items.

Along with marketing, HR, and accounting, operations is one of a company's core functional areas. Enhancing product quality and production environment effectiveness are key functions of operations management. Operations management, according to the Corporate Finance Institute, is the process of managing business activities to maximize operational efficiency and improve output quality. Planning, coordinating, and supervising operational tasks are all part of operations management, which aims to cut costs and increase profitability.

Learn more about operations management here.

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