Interaction of operation management with other areas

Interaction of operation management with other areas

Company function can be broadly divided in to

1. Finance
2. Operation
3. Marketing
Operation as a function of management has relationships with marketing,
finance, engineering and other functional areas. Finance department is
concerned with securing adequate financial resources for the organisation and its
proper utilisation. Allocation of the financial resources throughout the
organisation is the major function of finance department including operations
department. Marketing department is responsible for identification of needs and
wants of the prospective customers and developing a suitable marketing plan.
Inshort, operation is a key activity in an organisation, which is linked with
marketing and financial activities. For the successful functioning of the
organisation, co-operative actions of all section of the organisation are needed. All
functional departments have to work together. Here, operational management is
central to the functioning of all other parts of organisation. There should be
functional collaboration among different departments. For this purpose
information sharing between these departments is essential. In short operation
management is the business function that plans, organises, coordinates, and
controls the resources needed to produce a company’s products and services. For
ensuring this, the co-operation and support from all other department of the
organisation are essential.