WHAT IS OPERATIONS MANAGEMENT: Job description & salary

OPERATIONS MANAGEMENT

In our day-to-day lives, we routinely deal with both physical goods and services. But where did all these goods or services come from? This is finally where operations management comes into play. Looking closely into the production process, we are able to pick out the operations management. In this piece, you learn about the operations management job description, responsibilities, and salary. 

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What is the meaning of operations?

Operations are the part of a business organization that is in charge of producing goods and services.

What is Operations Management?

Operations management is a branch of management that deals with planning and organizing the production process. It also involves the management of human, material, mechanical, and technological resources. Moreover, operations managers design, develop and deliver products to clients based on their needs and the capability of the business.

More Understanding Of Operations Management

Teams in charge of operations management strive to produce the highest possible net operating profit by striking a balance between expenses and revenues. In addition, with the least resources needed, operations management aims to ensure that business procedures successfully meet customer needs.

Another crucial role for operations managers is to keep an eye on how raw materials are used and ensure that no waste occurs. When determining when and how much inventory to order, operations managers do a series of calculations, such as the economic order quantity formula. Operations managers perform a range of arithmetic, including the economic order quantity formula, to determine when and how much stock to order. They choose how much goods to have on hand as well.

Types Of Operations Management

While operations management has a wide range of forms or types, it depends on the size of the company and the sector. Furthermore, an operations manager’s responsibilities might vary considerably. They could be focused on a single area or have a wide variety of duties.

  • Forecasting
  • Capacity estimating
  • product development and design
  • Administration and planning for manufacturing facilities
  • Purchasing/procurement
  • Controlling quality in inventory
  • Delivery to clients

Operations Management Job

Operations managers typically act as the binding agent that keeps a company together. They are also in charge of personnel, business operations, finances, project execution, and strategy. Without a doubt, an operations manager’s performance can make or break the delivery of a good or service. As a result, the benefits for professionals in operations management may be substantial and varied. Learn more about the position in many industries below.

List Of Operations Management Job Titles

There are as many as several operations management jobs to mention but a few

#1. Operations Management Specialist

Of course, the operations management specialist is the one that controls the day-to-day operations of the business and must function smoothly and effectively. Their duties also include optimizing operational processes and procedures, improving customer experience, and managing the operations staff. In addition to mentoring new employees, it is your responsibility to answer clients’ questions.

Operations Management Specialist Responsibilities

The following examples illustrate typical tasks that operations management specialists are likely to perform in their jobs.

  • Aid in the creation of policies for managing risks, physical security, information protection, and emergency response, as well as investigations.
  • For a number of programs, create, maintain, and support the development of SharePoint sites.
  • Assist clients in submitting their daily, weekly, and monthly ACH reports while ensuring that all of the data are accurate and match.
  • Create, edit, and upload these and other files for a federal customer using Microsoft Office.
  • Handle daily, weekly, and monthly key performance factors for service metrics.
  • Lead a cross-functional team that is merging a new database merchandising system with the distribution system.
  • Manage every area of an industrial and repair facility through proper management of goals,  interactions with clients, as well as performance measurement standards.
  • Define initiative goals, put them into practice with monthly reports, and also keep track of them to show the organization’s success and any problems.

#2. Supply Chain Management

Supply chain management is a field in operation management that deals with regulating how firms distribute their goods and services to clients. Also, supply chains, which include inventory management, warehouse management, and supplier management, are the means by which organizations distribute what they sell to clients. Meanwhile, professionals that oversee this procedure for their organizations are called supply chain managers.

Supply Chain Positions 

Below are some of the roles available in the supply chain field:

  • Warehouse Clerk: Warehouse clerks ship and receive items in warehouses, including supplies for businesses and orders for customers. In like manner, under the direction of management, they may load and unload trucks, track inventory, and organize the warehouse.
  • Logistic coordinator: A logistics coordinator is responsible for the supply chain’s logistical issues, which include organizing shipments with suppliers and making sure colleagues are informed of logistics-related information. As they attempt to keep all orders on track, they could also examine purchase orders.
  • Inventory Association: An inventory associate oversees the stock in their region or warehouse. They may also employ technology to correctly manage inventory and enhance inventory procedures. 

#3. Logistic Management

Logistics management satisfies customer expectations by organizing, controlling, and carrying out the efficient transportation and storage of relevant data, products, and services from point A to point B. Management of logistics enables businesses to cut costs and improve customer service. The logistics management process starts with gathering raw materials and ends with delivering items to the destination. It also enables process strategy, planning, and implementation by observing client requirements and industry standards.

Numerous factors are in play in logistics management, such as

  • Finding suitable suppliers who can deliver transportation services.
  • They equally find the most effective delivery strategy.
  • Deploying IT resources as well as tools to manage connected operations effectively.
  • They also decide on the most efficient transit routes

#4. Farm Operations Management

Farm operations management is the field of operations management that supervises agricultural facilities daily. The main activities of their site, such as the planting and harvesting schedules, are under their direction. In addition, they work with owners and executives to develop the facility’s long-term plans, including budgets.

Operations Management Salary

The operations management salary range will vary considerably depending on a number of significant factors, namely schooling, qualifications, extra talents, as well as the length of time you have been in your career. Furthermore, the operations management median salary for business operations managers is about $103,600. Currently, the top 25 percent of earnings is about $161,190, while the bottom 25 percent of earnings is about $67,450.

The table below contains the highest salary for operations management (manager) jobs in the United States

Cities Annual salary
Dallas, texas$76,411 per year
Los Angeles, CA$76,056 per year
Denver, CO$72,984 per year
New York, NY$71,040 per year
Chicago, IL $69,343 per year
Austin, Texas $66,210 per year
Houston, TX$66,210 per year
Atlanta, GA$65,740 per year
Phoenix, AZ$63,765 per year

Operations Management Job Description

The efficient administration of labor, productivity, quality assurance, and safety precautions fall within the purview of the operations manager. He manages operations safely and effectively. Meanwhile, a bachelor’s degree in the relevant field and eight to ten years of experience are prerequisites for the job description of operations management.

Operations Management Job Responsibilities

Operations management responsibilities are to manage the company’s operations department. They are also in charge of making plans, improving performance, and acquiring the required resources and materials. Furthermore, an operations manager needs to be an expert in business and finance, have a strong sense of leadership, and be a great communicator.

Some of the operations management responsibilities are:

  • Make sure all activities are carried out acceptably and economically.
  • Enhance operational management procedures, methods, and standards too.
  • Also, purchase supplies, make inventory plans, and monitor warehouse effectiveness.
  • They aid in keeping the organization’s systems compatible with the laws.
  • They also create operational and strategic goals.
  • Analyze financial information and use it to increase profitability.
  • Manage forecasts as well as budgets.
  • Execute quality checks and keep an eye on production.
  • Appoint, educate, and manage personnel.
  • Look for methods to improve the level of client service.

Qualifications/Skills

  • Process improvement skills
  • Project management skills
  • Financial acumen skills
  • Leadership ability
  • Organizational skills
  • Interpersonal skills
  • Problem-solving ability
  • business savvy
  • Detail-oriented approach
  • Communication skills
  • Decision-making ability
  • Excellent time management

However, the very first step in getting your application recognized is to make sure your CV passes the Applicant Tracking System (ATS) by including a skill section that highlights your suitable experience for an operations manager role.

Conclusion

In summary, the operations management job description is also to execute business processes including production, inventory management, and quality control, to assure ready-for-market goods and services. Furthermore, the effectiveness of a unit or single operations manager depends on outstanding operations management.

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FAQs about operations management

Operations Management Job Responsibilities

  • Make sure all activities are carried out acceptably and economically.
  • Enhance operational management procedures, methods, and standards too.
  • Also, purchase supplies, make inventory plans, and monitor warehouse effectiveness.
  • They aid in keeping the organization’s systems compatible with the laws.
  • They also create operational and strategic goals.
  • Analyze financial information and use it to increase profitability.
  • Manage predictions as well as budgets.

What is the meaning of operations?

Operations are the part of a business organization that is in charge of producing goods and services.

What is Operations Management?

Operations management is a branch of management that deals with planning and organizing the production process. It also involves the management of human, material, mechanical, and technological resources. Moreover, operations managers design, develop and deliver products to clients based on their needs and the capability of the business.