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September 4, 2015

What Is Operations Management

Operations is responsible for supplying the product or service of the organization. Operations Managers make decisions regarding the operations function and its connection with other functions. The operations managers plan and control the production system and its interfaces within the organization and with the external environment.

Three points in this definition deserve emphasis:

1) Decisions: Focus on decision making-central theme in operation- four major responsibilities- process, capacity, quality and inventory.

What is Product Line Extension and its Benefits

A product line extension is the use of an established product's brand name for a new item in the same product category. Line Extensions occur when a company introduces additional items in the same product category under the same brand name such as new flavors, forms, colors, added ingredients, package sizes.