Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization.
Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.
Levels of Operations Management
Operations management includes three levels: strategic, tactical, and operational.
The constituents of the 5P model are: .
1) Plan, .
2) Process, .
3) People, .
4) Possessions, and .
5) Profits.