Operation Management

Operation Management

Introduction

Operation management provides an opportunity for the management to develop competitive advantage. Through operation management, Midas has been able to reduce their costs, improve profits and increase market share. Midas has focused on some core businesses to enhance capabilities and operation efficiency (Midas, 2013). In present days, companies are adopting systems which are flexible and adaptive with the changing nature of business function.

Discussion

The operational efficiency in a business context is defined as the input required running a business operation and the output gained from the business. Midas has worked on increasing efficiency by focusing on limited auto repair services. ...