Business Operation

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The activities, processes, and functions involved in running a business effectively to produce and deliver products or services, aiming to generate value for customers and achieve strategic objectives.

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1

The activities, processes, and functions involved in running a business effectively to produce and deliver products or services, aiming to generate value for customers and achieve strategic objectives.

Business Operations

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2

Optimizing resources, reducing waste, and improving productivity to minimize costs, impacting profitability and competitiveness in the market.

Efficiency and Cost Management

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3

Directly influenced by operations, meeting customer expectations enhances satisfaction, loyalty, and drives revenue growth.

Customer Satisfaction

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4

Ensuring business activities are aligned with strategic goals, translating plans into actionable processes efficiently.

Strategic Alignment

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5

Excelling in operations through innovative processes, superior quality, or faster delivery times to differentiate in the marketplace.

Competitive Advantage

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6

Mitigating risks associated with disruptions, quality issues, or compliance failures for long-term sustainability.

Risk Management

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7

Optimizing workflows, reducing bottlenecks, and improving decision-making processes for growth and scalability.

Organizational Efficiency

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8

Involves continuous evaluation and improvement of processes to foster innovation and adaptation to market conditions.

Continuous Improvement

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9

Overseeing the process of converting raw materials into finished goods, including planning, scheduling, and quality control.

Production Management

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10

Coordinating the flow of goods, information, and finances throughout the supply chain, including sourcing, procurement, logistics, and inventory management.

Supply Chain Management

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11

Ensuring the right amount of stock is available at the right time to meet customer demand while minimizing costs and avoiding stockouts.

Inventory Control

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12

Ensuring products or services meet or exceed customer expectations in terms of performance, reliability, and durability.

Quality Management

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13

Planning, implementing, and controlling the transportation and storage of goods and services efficiently.

Logistics Management

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14

Providing assistance and support to customers before, during, and after a purchase to maintain relationships.

Customer Service

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15

Designing, analyzing, and improving workflows and processes to achieve operational efficiency.

Business Process Management (BPM)

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16

Supporting operations through software, hardware, and networks for data management, communication, and decision-making.

Information Technology (IT) Systems

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17

Recruiting, training, and managing personnel essential for executing business activities effectively.

Human Resources Management

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18

Minimizing waste while maximizing productivity and efficiency through continuous improvement.

Lean Manufacturing

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19

Receiving goods only as needed to reduce inventory holding costs and waste.

Just-in-Time (JIT) Inventory Management

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20

Holistic approach to improving product and service quality through continuous improvement and customer focus.

Total Quality Management (TQM)

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