The role of COO is often difficult to define, given the variety of job titles and responsibilities. This is especially true since the job requires a combination of education and experience, and the exact duties and responsibilities of a COO will vary from one company to the next. Margaret Rouse explains the role of the COO as "the chief operating officer of a company." The COO's main function is to implement the company's strategic plans and manage the operations of the entire organization.
The job of the COO is very important for a company. It involves leading all business operations, from production to sales. The role is both internal and external, and the job is both hands-on and analytical. The salary of a COO is based on his or her experience and education, and will vary depending on his or her level of expertise and certifications. A COO salary is typically between $60K and $70K a year, but the salary can be much higher than that.
In addition to managing operations, the COO is responsible for overseeing the supply chain of a company. In the modern business world, the supply chain is increasingly integral to profitability and market share. In response to this, some companies have replaced the COO role with a chief supply chain officer (CSCO). In the 2000s, the role of COO was eliminated, but there is still a significant role for a COO in a business.