Operations Management in Business

download Operations Management in Business

of 10

Transcript of Operations Management in Business

  • 7/22/2019 Operations Management in Business

    1/10

    2

    OPERATIONS MANAGEMENT INBUSINESS

  • 7/22/2019 Operations Management in Business

    2/10

    2

    Assignment

    ON

    OPERATIONS MANAGEMENT IN

    BUSINESS

    Submitted to:

    (................................)

    Submitted By:

  • 7/22/2019 Operations Management in Business

    3/10

    2

    (...................................)

    Table of Contents

    Table of Contents...........................................................................................................3

    Article I. 1. Executive Summary.....................................................................................4

    Article II. 2. Introduction.................................................................................................4

    Article III. 3. Scenario......................................................................................................4

    Article IV. !1 T"E #AT$%E A#& SC'(E ') '(E%ATI'#A *A#A+E*E#T.......,

    Article V. 1.1T"E I*('%TA#CE ') '(E%ATI'#A *A#A+E*E#T.......................,

    Article VI. 1.2 T"E I*(%TA#CE ') T"E #EE& T' (%'&$CE SA)ET- '# TI*E

    T' C'ST T' /$AIT- A#& 0IT"I# T"E A0..........................................................,

    Article VII. 1.3 T"E I# ET0EE# '(E%ATI'#S *A#A+E*E#T A#&

    ST%ATE+IC (A##I#+..................................................................................................

    Article VIII. 1.4 T"E S-STE* &IA+%A* )'% T' I$ST%ATE A T-(ICA

    $SI#ESS .......................................................................................................................

    Article I5. !2 T"E I# ET0EE# '(E%ATI'#S *A#A+E*E#T A#&

    ST%ATE+IC (A##I#+..................................................................................................

    Article 5. 2.1 T"E %'E ') 67T"%EE ES89 :EC'#'*- E))ICIE#C- A#&

    E))ECTIVE#ESS.............................................................................................................

    Article 5I. 2.2 T"E TE#SI'# ET0EE# C'ST *I#I*ISATI'# A#& /$AIT-

    *A5I*ISATI'#................................................................................................................;

    Article 5II. 2.3 T"E EVA$ATI'# ') T"E I*('%TA#CE ') T"E )IVE

    (E%)'%*A#CE '

  • 7/22/2019 Operations Management in Business

    4/10

    2

    OPERATIONS MANAGEMENT IN

    BUSINESS

    Article I. 1. Executive Summary

    This report illustrates the nature and importance of operational management, as

    well as the need to produce safety, on time, to cost and to quality within the laws.

    Moreover illustrates the link with strategic planning and diagram for to illustrate a

    typical business. Besides that analyse the economy, efficiency and effectiveness

    and cost minimization, further more evaluating the significance of performance

    objectives that underpin operations management.

    Article II. 2. Introduction

    ll types of business such as profit making or non!profit making

    organizations have processes. The process consists of input

    resources and output products and services. To put in practice theprocess work, operation managers have to implement it through

    certain devising strategy, designing processes and planning and

    controlling processes. Besides that it has to improve, so it required a

    common set of activities and it e"plains through the following

    outcomes.

    #$igel %lack, &'()*

    Article III. 3. Scenario

    Microsoft Corporation, the innovative and quality creator in information technology, still

    competing with rivals with their innovation and quality with a vision to consistently

    transformed the way that people live, work, play and connect through great technology and

    changing world for better and driving and centre of tomorrows transformation.

  • 7/22/2019 Operations Management in Business

    5/10

    2

    Article IV. L1 T!E "AT#$E A"% SC&'E &( &'E$ATI&"AL

    )A"A*E)E"T

    Refers to Gershon in Production and Operations Management, the two most obvious

    functions are to provide the, product or service and to sell the product or service. Operations

    management focuses on the function of providing the product or service. It is concerned with

    the planning and controlling of all activities necessar for the provision of the firm!s product

    or service. (Answers.com, 2013)

    The nature of +perations Management refers the activities that produces and

    deliver products and services. %o it is involved with the transformation to create

    products and services. This indicates that it let business stay fresh and create

    new products and services.

    The scope of production and operations management involves with acquisition of

    land, construction, procuring, installation, procurement of raw materials and

    convert through production process to saleable products. This process

    interconnected with quality management, maintenance management. roduction

    control, quality management and work simplification.

    Article V. 1.1T!E I)'&$TA"CE &( &'E$ATI&"AL )A"A*E)E"T

    The operational management controlling the system of operations and it deals

    with design, operation and improvement the system that creates and delivers the

    primary products and services of an organization. +perational management is an

    important functional area of any organization with clear management

    responsibility. The operational management ensures the sustainability, efficiency

    and effectiveness of the organization. The efficiency in human e"pertise and

    inputs leads to ma"imisation of profit and share holders- value. t reduces the

    cost of production and increased quality of products and services. t eliminates

    wasting resources and let minimum resources to achieve ma"imum output.

    Measures of effectiveness as well as efficiency results labour productivity/ yield,

    capacity and it make ma"imum utilization of working capital and efficiency in

    production systems. mproved productivity and service management generate

    better service and satisfy customers and produce efficiency. Moreover the

    efficient operational management creates strategically successful organizations.

    Article VI. 1.2 T!E I)'$TA"CE &( T!E "EE% T& '$&%#CE

    SA(ET+, &" TI)E, T& C&ST, T& -#ALIT+ A"% IT!I" T!E LA.

    0efers to 1The %ale of 2oods ct (343-, all products must be5!

    6it for purpose

    Be a satisfactory quality and fit its description

    6ulfil the purpose of the customers that lead to e"pect and lead the reason

    that lead them to buy it

    The customers purpose guaranteed by the retailer the purpose when it sold

    f the product is not fit, the customers has right to get replaced or repaired

  • 7/22/2019 Operations Management in Business

    6/10

    2

    The manufacturers and suppliers are liable to legal actions of harms caused to

    customers and businesses of unintended side effects or failure, besides that the

    manufacturing systems must suits with environmental law. %o it is important to

    maintain best practices all stages of design, production, supply and disposal.

    n 78 and member states the 197- Mark guarantees manufacturers claim that the

    product meet the safety requirements set out in relevant 7uropean :irectives.

    There are 0egulations for manufacturers and re!tailors.

    (. The yrotechnic rticles #%afety* 0egulation &'('

    &. 9osmetic roducts %afety 0egulations &'';

    ). 9hildren-s roducts! Toys #%afety* 0egulations ct (33