What are the key functions of product management and operations management?

Product management and operations management are two essential functions within a company. Product management focuses on the lifecycle of a product, from conception to launch and beyond. It involves identifying customer needs, conducting market research, and developing a strategy to create and improve products that meet those needs. Product managers are responsible for gathering requirements, collaborating with different teams, and ensuring successful product development. On the other hand, operations management focuses on the efficient management of the processes and resources required to produce and deliver products to customers. Operations managers oversee production, inventory management, quality control, and logistics. Their goal is to optimize operations, reduce costs, and maintain high levels of customer service. Both functions work closely together to align product development with operational capabilities and provide a seamless customer experience.

This mind map was published on 18 September 2023 and has been viewed 50 times.