Word Origin & History. limb O.E. lim limb, joint, main branch of a tree, from P.Gmc. *limu- (cf. O.N. limr limb, lim small branch of a tree), a variant of *liÃ¾u- (cf. O.E. liÃ¾, O.Fris. lith, O.N. liÃ°r, Goth. liÃ¾us a limb; with prefix ga-, source of Ger. glied limb, member), from PIE base *lei- to bend, be movable, be nimble.. The parasitic -b began to appear late 1500s for no reason.
Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a companyâs goods and services.
Defining Operations Management. Every business is managed through multiple business functions each responsible for managing certain aspects of the business. Figure 1-1 illustrates this by showing that the vice president of each of these functions reports directly to the president or CEO of the company.