Overview
Business operations are the backbone of any organization, encompassing all activities that contribute to the production of goods and services. Understanding these operations is crucial for improving efficiency, reducing costs, and enhancing customer satisfaction. Key components include process manag...
Key Terms
Example: Manufacturing, logistics, and customer service are all part of business operations.
Example: Using software to streamline order processing.
Example: The supply chain for a smartphone includes raw material suppliers, manufacturers, and retailers.
Example: Regular inspections of products before they are shipped to customers.
Example: Allocating budget to different departments based on their needs.
Example: Automating repetitive tasks to save time.