Operations
As a discipline, operations management has evolved over many years, previously known
as production management. The establishment of operations management dates back
to around the early 1900s, with the invention of the production line.
Operations management is the management of processes
that convert input ​factors of production​ into outputs in
the form of final goods and services.
Many organisations have benefited from immense competitive advantages through
optimised production processes. One such enterprise is Toyota, who captured and
maintains a substantial market share through lean operations management.
You can learn more about the factors influencing Toyota's Strategic Operational
decisions.