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Participation Questions Week 2 - Essay Example

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An operational strategy utilized at my place of work which has been successful at improving the efficiency of the manufacturing line is just in time inventory (JIT). The company began utilizing JIT recently after it realized the firm was losing money due to the excessive amounts…
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Participation Questions Week 2
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Download file to see previous pages Why are companies interested in operational management today? Why is it important? What is the relationship between operational management and supply chain management? How are operations management functions performed at your organization?
Companies are interested in operational management today because of how important it is to get daily work done efficiently, timely, accurately and at a low cost. It is necessary to ensure that the processes of creating a product actually works right and that improvements are made in customer service that can lead to cost reductions. Because every organization produces some product or service, an understating of modern or up-to-date approaches to managing operations is a good idea. In the past, manufacturing businesses showed more interest in the use of operations strategies and operations management but a business that offers a service can better offer that service in a more efficient manner if it treated the actual customer service as a product. According to the week one course overview, operations management refers to the direction and control of the processes that turn inputs into finished products or services and supply chain is the link between the suppliers of the material and services that convert throughout the process, the ideas and raw materials into the finished product.
I work at a college and the operations management functions has so many levels. Because I work in the College of Continuing Studies, it is easy to see how the process for this particular level works. Most offices perform meeting and follow-up meetings that may be an expression of ideas that could possibly turn into a process. The follow-up meetings with expected target dates and action items seem to be the best way to ensure that the meetings have not just been a waste of time.
I agree with your view that companies today are interested in operational management today ...Download file to see next pagesRead More
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