Facility Operations


DEFINITION of 'Facility Operations'

Includes all the services required to ensure a facility will do what it is designed to do. Facility operations typically includes the day to day operations of the facility. Depending on the industry, each facility will operate differently.

BREAKING DOWN 'Facility Operations'

An example would be a manufacturing facility. It could be broken down into process, production and maintanence departments with each department having teams to oversee. The facility operations are the way each department and the teams work and help the manufacturing facility attain its goals.

  1. Business Activities

    Any activity that is engaged in for the primary purpose of making ...
  2. Business Model

    The plan implemented by a company to generate revenue and make ...
  3. Business Logic

    Custom rules or algorithms that handle the exchange of information ...
  4. Liquidity

    The degree to which an asset or security can be quickly bought ...
  5. Operating Cost

    Expenses associated with the maintenance and administration of ...
  6. Substitute

    A product or service that a consumer sees as comparable. If prices ...
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