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.
Operations includes every activity needed to manufacture a product or provide a service. Operations is an essential business function, because without a product or service to sell, a business has no reason to exist. Operations activities will always revolve around acquiring raw resources, converting those resources into something to sell and scheduling and controlling the process of conversion.