Business Management

Operations Management

Coordinating and organising the activities involved in producing goods or services.

Efficiency

How productively a business uses its resources when producing a good or service.

Effectiveness

The extent to which a business achieves its stated objectives.

Manufacturing Business

Businesses that use raw materials and resources to produce finished physical goods.

Service Business

Businesses that provide intangible products, usually with specialized expertise.

Similarity between Manufacturing and Service Business

Both deal with suppliers
both aim to optimize efficiency and effectiveness
both utilize technology.

CSR considerations for inputs

Strategies to improve environmental sustainability when sourcing inputs, such as sourcing locally and using sustainable methods.

CSR considerations for processes

Strategies to lower waste in operations processes, such as implementing technology for precision and recycling excess materials.

CSR considerations for outputs

Ensuring outputs create minimal waste and environmental damage, like developing environmentally friendly products.

Automated Production Lines

Machinery and equipment arranged in a sequence, producing products as they pass through each step.