Operation management - Essay Example

Comments (1) Cite this document
Summary
This research aims to evaluate and present an operation management as the careful managing of the processes of producing products and services and distributing them in the market. This process includes all the activities like product designing, product creation, distribution of products etc…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Operation management
Read TextPreview

Extract of sample "Operation management"

Download file to see previous pages This essay states that the task of operation management team is to convert the inputs into the output in the most beneficial way. They are the real causes for the net operating profit of the organizations. Operation management team has to take care of all the processes starting from the acquisition of resources to delivering the products or services to the end user. They have to come across the tactical and strategic level of the operations. The strategic level includes deciding the structure of service networks, determining the size and location of manufacturing plants and deciding the technology of the supply chain etc. The tactical level issues are project management, plant layout, selection of equipments etc. Now a day’s, operations management is employing more and more information technology to get the work done more accurately and more effectively. This is being done to improve the organization’s respond to the five objectives of operations: speed, flexibility, dependability, quality and cost. These are the core objectives of the operation management. The think tanks of the organization are up to date about the information technologies that can be applied to the each and every process of the operation management. The field of technology and operations management is concerned with the design, management and improvement of the processes and operating systems. The global market experiences a rapid change of technology and the companies face big challenges to compete with the world class standards in production and delivery of products and services. ...
ramatically due to the emergence of a truly global economy, significant advances in information and process technology, and the continued growth of services. The Technology and Operations Management Area (TOM) focuses on value creation on a global scale through innovative product and process design, project management as well as on value capture through effective supply chain management” (Technology and Operations Management 2011). The theory of constraints (TOC) is much successful application of information technology in operations management. The TOC starts with through-put driven business policy, seven step resource management methodology through the cost/utilization capital investment technology and ends with drum-buffer-rope production activity procedure. Total quality management (TQM), just in time (JIT) and the theory of constraints are well absorbed in the field of operations management. Some of the information systems used in production and operations management are given below: Inventory system: Inventory system uses techniques like just in time, ABC, first in first out, last in last out, etc. Such information is then used for reorder purposes. Stub control (used by retailers) enables the manager to retain a portion of the price ticket when the item is sold. The manager can then use it to put record about the item that was sold. Production System: The manufacturing system often produces the standardized products in large volume. The plant and machinery will have a limited capacity. The system facilitates with fixed costs, variable costs, labor costs and material costs. While producing the products, the net value and the economic value are forecasted and added to the product. Service System: The service system is more complicated as the service is not ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Operation management Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Retrieved from https://studentshare.org/management/1394604-operation-management
(Operation Management Essay Example | Topics and Well Written Essays - 2250 Words)
https://studentshare.org/management/1394604-operation-management.
“Operation Management Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/management/1394604-operation-management.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
dr
drenner added comment 5 months ago
Student rated this paper as
I had an issue with a essay types of works. All until I came across this website and this particular essay. Even though "Operation management" is far from my interests, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF Operation management

Operation management

...?INTRODUCTION: There has been increasing competition in the market place and organisations are looking for different methods to improve and enhance the overall productivity and performance. One important aspect in this regard is of the operations management (Krajewski, Ritzman, and Malhorta, 2007). The output or final results are dependent on the efficiency and effectiveness of the operations. For this reason, it is important for the organisations to carefully plan and control the overall operations of the organisation (Loader, 2006). With the passage of time organisations are using different operations management tools and techniques in...
11 Pages(2750 words)Essay

Operation management

...? OPERATIONS MANAGEMENT Introduction Operation management is a kind of management approach where the components of an organization are aligned to the customers needs. It enables maximum utility of the human resources and flexibility in the management of the organization. Thus the main of the operations management is the optimization of all processes in an organization. Operations and processes Operations and processes management Operations function is basically a section of an organization responsible for producing both products and...
12 Pages(3000 words)Essay

Operation Management

...?Operation Management Operation Management McDonald’s management is complicated in such a way that the case against them isof high degree since it affects human life. Pearson (2009) gives a clear picture of the today’s economy and the problems that many businesses may encounter when the finances are not well managed. The teaching of management is an important tool for any one running a business, and it should keenly work in away that suit the changing world. Human beings need to be reminded on the dangers of hot coffee and how they should handle the coffee with much care. The economic and social factor of people has...
13 Pages(3250 words)Essay

Operation Management

...? OPERATIONS MANAGEMENT Executive Summary With the increasing sophistication of hotel guests and patrons, the continual improvement of hospitality services towards the attainment of unparalleled excellence in the business remains the only edge the hotel has to sustain its position if not attain the leadership in the industry. By adopting the ISO 9001:2008 framework, the acculturation of a learning organization into the consciousness of each employee of the hotel shall provide the impetus to strive and be better in providing service to hotel guests and patrons. A Quality Management System or QMS will govern the conduct of each of the hotel’s front liners. The QMS shall also provide the...
10 Pages(2500 words)Essay

Operation Management

...? Operation Management s Executive summary Hotel is complex business unit that belongs to the service industry. It provides clients with a range of services and has its own features. There are methods developed by scientists and managers to help to coordinate processes of design, supply, planning, shop-floor control, environment, technology and quality aspects of the business. The very first aim of operations manager is to understand all the processes. For this aim I have used the Black Box model and Business process mapping. These tools help me to analyze the current situation of the business. The next step was determining fields to be improved and...
10 Pages(2500 words)Research Paper

Operation Management

...? Operation management BY YOU YOUR SCHOOL INFO HERE HERE Executive Summary The hotel in the case study can take advantage of many benchmarking activities related to improving employee relations, launching eco-friendly technology initiatives and programmes and also providing training to employees regarding customer culture and attitude. It was identified through research that there are elements of quality related to food services as well as procurement that are directly related to budgeting and operational structure in shop-floor control methodology. It was determined that the most effective method for the hotel to gain competitive advantage and improve its outputs is to secure...
10 Pages(2500 words)Research Paper

Operation management

...?OPERATIONS MANAGEMENT al Affiliation) Operations management is key element in any organization. Because it is an ever-evolving aspect, many companies are putting in place measures to ensure that they are able to keep with the change. As an integral element in the overall management of an organization, operations management works together with other factors like production and therefore facilitates the overall successful running of any corporation. In this paper, I will explore, dissect and discuss operations management as an independent function in organizations. In two sections, I will...
8 Pages(2000 words)Essay

Operation management

...? BUSINESS OPERATIONS of the of the Part Defining “Operations Management” Any study on operation management is incomplete without consideration of seminal research work of Slack (2004) and Slack & Lewis (2008) which have not only defined the operation management from industry perspective but also highlighted types of activities that Operations Managers are required to perform in order to satisfy all the criterion of operation management. Operation management rely more practical and scientific execution of theories and...
10 Pages(2500 words)Essay

Operation management

...?Operation Management Table of Contents Introduction 3 Task and Operational Selection 3 Operational Process to be Improved 3 Supply Network Design Process - PayPal 4 Effectiveness of the Process 7 Weaknesses of the Process 8 2.Critique of Improvement Strategies 9 Ways of Improving the Effectiveness and Efficiency of Supply Chain Network Design of PayPal 9 Impact of the Measures on Cost, Quality, Flexibility, Dependability and Speed 11 11 Analysis of the Likely Barriers to Implementation and Overcoming the Same 11 3.Implementation 13 Conclusion 16 References 17 Introduction Business in the contemporary society is dependent on several variables that impact the...
12 Pages(3000 words)Assignment

Operation management

...?Operation Management Introduction Background Information Many a times when we want to spend some money on some goods and services, we expect the quality goods and services that are delivered timely according to our expectations. One thing we never want to do is to spend much money for the services or for the goods either. Take for example, when one visits a restaurant; they require good quality food served to them quickly and at a cheaper price. Same to when we visit a hospital, we expect the doctor or nurse to attend to us quickly and give to us the best care. But one thing we wouldn’t like to do is to pay much for such services. To be able to deliver quality services and goods to the customers, there are management skills... that are...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Operation management for FREE!

Contact Us