Performance Metrics
Operational Management refers to the coordination and supervision of day-to-day activities within an organization in order to effectively and efficiently meet its goals and objectives. It involves the implementation of operational plans, which are derived from strategic plans, in order to execute business operations. Operational management encompasses a wide range of functions including process management, quality control, inventory management, supply chain management, and performance measurement. The goal of operational management is to ensure that the organization's resources are used efficiently and effectively to meet customer needs while also maximizing profitability. It plays a critical role in achieving long-term business success by ensuring that the organization's operations are aligned with its strategic objectives.