Operational management responsibilities include the daily steps that are followed to implement business goals and procedures. They assist your business to run efficiently and enable you to offer quality products to your customers. These include processes such as production and supply chain management as well as scheduling. They also include resourcing, inventory control and control of inventory. Operational management is a focus on executing the strategies outlined by strategic management.
Strategic management is a more high-level procedure that is more broad-based in its visions and ideas. This is the reason why it is typically executed by senior managers such as the CEO, CFO or the founder. It also takes into consideration the branding concepts, ideals, and philosophies of a company’s work ethic and its purpose.
When a leader of a company decides on the direction for an organization, they’ll consult their management team for specific tactics and strategies. These will be more detailed, which makes them easier to implement and modify in the future. For instance, a strategic management plan may include the idea that a business should be more ecologically friendly and use recycled materials for their packaging. Operational management may be concerned about the logistics of obtaining this material as well as moving to an electric vehicle for shipping.
Modern businesses must be prepared to respond to unexpected and unexpected challenges that could be threatening their existence. Global trade and regulatory barriers are examples of these possible challenges that are beyond the company’s control. In these circumstances an experienced operations manager will perform risk analysis and mitigation in order to be prepared for the worst.