Answer to Question #72447 in Accounting for zora

Question

Operational staff are the people actually doing the job in each of the project centres. These people are in the best position to identify problems, constraints or issues relating to current job costing budgets and to advise financial personnel of requirements for future budgets—to help prioritise resource needs for the next project stage. They should be included in consultative processes for advising on cost information when formulating budgets.

Comment on this statement and the implications for expense in the organisation.

Answer 1

Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in terms of meeting customer requirements.
Source:
https://en.m.wikipedia.org/wiki/Operations_management