Topic > BMW Operations Management Essay - 944

The operations department manages equipment, technology, materials and personnel information, the finance department manages cash flow, current assets and capital investments, therefore Operations and finance managers have the same goal, helping their companies grow profits. The finance department provides information or money to continue business operations, while the operations department manages day-to-day operations. For example, if you are the manager of the operations department and want to purchase some equipment, you will find the finance department to discuss. We may also see some organizations choosing to combine finance and operations department functions. Logistics Management: The operations manager must ensure that machinery and equipment are used to produce goods and services for the customer to an acceptable standard. The manager also coordinates with quality assurance personnel to ensure that products meet an acceptable level and generate positive customer feedback. Budget Management: The operations manager can obtain requirements for logistics and coordinate with the finance department to obtain the necessary approval for the budget. The manager must ensure that quality equipment is purchased within the budget. Operational Strategy: The operations manager plays a key role in outlining the entire operational policy. The director