Operating a Business | 3 minute read

A Guide to Business Operations Management

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Effective business operations management is the single biggest factor in a company’s success. It includes oversight and optimization of everything the business does, from purchasing raw materials to ensuring that the company can meet customer demand for high-quality, fairly priced goods. Through strategic use of resources, operations managers can navigate the market’s ups and downs and seize new opportunities for growth.


Aspects of Operations Management

Business operations management can be broken down into the many aspects of the business that need to be carefully managed. Effective production planning can optimize the process used to create manufactured goods, while supply chain management ensures that the business always has the raw materials that it needs when it needs them.


Quality management procedures make sure that the finished products meet the customers’ expectations, and good inventory management helps the company to balance the costs of producing and storing inventory with the need to be able to meet customer demand. A good business operations manager will also always be looking for ways to optimize all of these processes in order to maximize efficiency.


What Challenges Do Operations Managers Face?

Managing the operations of a business in today’s global marketplace can pose numerous challenges. These days, supply chain disruptions are more common than ever, and it’s up to the operations manager of a business to minimize the effects of these disruptions as much as they can. Working across international borders can also come with a range of complexities to navigate, from language barriers and scheduling across time zones to handling cultural differences, varying legal requirements, and the effects of geopolitical issues on business.


Effectively managing the operations of a business also requires finding the sweet spot where quality and cost balance out; customers want high-quality goods, but you need to keep your production costs as low as possible to ensure profitability without pricing yourself out of the market. And on top of all of that, in an increasingly environmentally conscious world, business operations managers need to carry out their work with an eye toward sustainability, making sure that the company’s practices minimize damage to the environment.

Two businesswomen in a focused discussion over a laptop, exemplifying teamwork in effective operations management.

Strategies for Effective Operations Management

The overarching strategy for any operations manager should be to do everything they can to minimize waste and maximize productivity. This includes the efficient use of materials as well as employees’ time and skills. For instance, the business may operate more efficiently if some of the staff are cross-trained for other roles or transferred to different departments. It may also be worth considering whether the business should outsource some of its staffing needs in order to keep in-house staff focused on tasks that are the most crucial to the success of the company.


Investing in new technology could also be a wise move, especially if this technology allows the business to automate common tasks and streamline its operations. And operations managers should also consider the efficiency of physical business locations; perhaps it would make sense to buy property for a new manufacturing facility closer to a growing market, or perhaps a streamlined staff could work just as efficiently in a smaller, more economical space.


Every business operations manager should constantly be working toward making the company more efficient, whether they choose to implement a large-scale, data-driven approach that regularly audits the activities of the entire company or they prefer to focus on making incremental changes over time. Through these efforts, they can ensure that the business remains competitive and responsive to the needs of the market.



What strategies can I use for effective operations management?

Strategies for effective operations management include data analysis, cross-functional collaboration, goal setting, people management, inventory review, and staying informed about industry trends. These strategies help optimize processes and improve overall performance.


What are the common challenges in operations management?

Common challenges in operations management include ethical conduct, globalization, sustainability, and communication. Businesses must maintain ethical practices, adapt to global influences, prioritize sustainability, and foster effective communication within the organization.


What are some best practices for operations management?

Best practices for operations management include using technology, simplifying processes, analyzing data electronically, setting smart marketing goals, staying customer-focused, and leading by example. Staying informed about industry trends and continuously improving processes are also crucial practices.



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Manoj Kukreja is a real estate expert and trusted guide in the pursuit of the perfect property. With a remarkable professional journey, Manoj began his career in major Canadian financial institutions, achieving the prestigious Certified Financial Planner designation in 2010. During this time, they earned recognition as one of Canada's top ten financial planners and also played a role in training industry peers. Manoj's extensive financial background now serves as a valuable asset in the real estate domain, ensuring clients make informed decisions during their property search.