Posted: September 13th, 2022

Supply chain management /operations management

Supply chain management /operations management
Supply chain management is the management of the flow of goods and services. It focuses on the sourcing of raw materials, production, and distribution of goods to the final customer. Supply chain management aids in streamlining the business and minimizing costs to maximize profits. It mainly focuses on making supply more effective to increase customer value and gain a competitive advantage in the market.
Human resource management
Human resource management is the effective management of people to achieve organizational goals. It includes recruitment, training and development, appraisal performance and rewarding of the employees. There are two branches of human resource management; operative and managerial functions. Operative functions deal with recruitment, training, and development, the establishment of good relationships and record-keeping. Managerial functions deal with planning, organizing, directing and controlling. Human resource management seeks to match personnel with the required skills to the right job to optimize productivity.
Organizational behavior
Organizational behavior is the study of how individuals and groups behave and the effects of those behaviors on communication, leadership, and motivation of the organization. Organizational behavior aims at improving job performance and satisfaction, enhancing innovation and promoting leadership. It also aims at reorganizing groups for better results. The study of human behavior is categorized into three groups; an individual which is also known as micro-level, workgroups, and overall organizational behavior also known as macro level.
Leadership
Leadership is the ability to manage and lead people. It also includes guiding, training, problem-solving and conflict resolution. A leader understands the vision and objectives of the organization. He should, therefore, possess good communication skills so that he can effectively pass the instructions, goals, and orders to the subordinates. Good leadership skills are essential for the company’s success. A leader should be confident, intelligent and honest. He should motivate and lead the employees effectively.
Business law and ethics in management
Business law is a branch of the law that focuses on businesses and corporations. It governs how the business should relate with customers, and employees. It also tackles issues such as taxation, contracts, and business formation. Ethics is the moral standards of an organization, they govern how people in the organization behave and how the organization associates with its stakeholders. Social corporate responsibility is part of ethics, it seeks common good between the society and the organization.
Management of information technology
Management of information technologies is the management of information technology, both software and hardware that aid in achieving organizational goals. It includes managing resources such as data, computers, and staff working in the information technology department. Management information technology also handles issues such as network planning, change management, technological support, and software development. It budgets and organizes the information technology sector.
Management information system
The management information system is a computer system that manages information about the company. It gathers information keyed in by various departments analyzes it and provides data that is crucial in decision making. Managers use this information to develop policies and strategies that will improve the business. The information systems contain data from departments such as finance, sales, marketing, inventory, and customer care.
Strategic management
Strategic management is the planning, monitoring and analyzing what is needed for the company to achieve its objectives. It includes setting rules and regulations. Strategic management helps gain a competitive advantage in the market. It includes an analysis of the internal and external surroundings of the business and figuring out possible challenges and how to go about them. It also includes the formation and execution of action plans and measuring performance.
Marketing management
Marketing management entails identifying the target market, determining prices and advertising to boost sales. It also includes identifying the goods and services customers are interested in and developing strategies on how to market them. The marketing management team conducts an intensive analysis of both the competitor’s strengths and weaknesses to realize the best ways to stay ahead of them.
Health care management
Health care management is the general oversight of a health care system. It is the management of hospitals and clinics. Health care managers manage health care institutions to ensure they are running efficiently daily. They handle matters such as budgeting and staffing. The manager seeks to achieve the health practitioner’s goals and those of society.

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Tags: Supply chain management /operations management