MARKETING

Assessment 2



Introduction1

Discussion1

The Importance Of Sound Operations Management To Organisations For Efficiency And Strategic Purposes1

Toyota Case Study2

Standard Operations & The Toyota Production System2

Kanban & Its Usage In Toyota Production Line3

Complete Analysis of Waste4

Total Quality Management6

Impact Of Quality On Customer Satisfaction6

Improvements Of Operations That Maintained Quality And Aided The Organization To Remain Competitive In A Globalised Environment7

Effectively Adapting To Updated Technology7

Individuals Work Out Continuous Enhancement8

Seek Out For Solid Partners And Grow As One Unit8

The Good Operations That are Followed To Survive In The Global Market9

Conclusion10

References11

Assessment 2

Introduction

Operations management helps the corporate leadership to assign adequate amounts of time to the vital areas of business operations, which include strategic management, productivity employee and long-term profitability. The practice also permits the departmental heads to efficiently work along with the external market factors and search out for numerous ways to trump the competition. Operations management is important for organizations at it include both services and manufacturing. It helps in effectively and proficiently managing the productivity of the organization to help in strategic growth and development of the organization. It also helps employees in getting high wages along with helping to amplify the company's profit devoid of causing inflation

Discussion

The Importance Of Sound Operations Management To Organisations For Efficiency And Strategic Purposes

Operational management includes all initiatives, which aids a business to sell more products to existing and prospective customers.It helps the business to work efficiently to increase its market share locally and internationally. It helps the business to be competitive enough to evade the strategic bullets that shoot up from the rival's side.

Today, almost all successful organizations understand the important role that operations management plays in the organizational strategy in order to develop and sustain global leadership. It plays a strategic role in winning organizational performance and managing operations of the organization from a value chain point of view. This means the entire sequence of organizational work activities, which add value to each step beginning with the dealing out of raw materials and ending with the finished product (Liker, 2008, pp. 90-109).

Toyota Case Study

Operations is the most important pillar that supports production activities. Operations have three major components at Toyota. They are groundwork and adjustment work, major operations and minor payments. These are defined as the system revolutionary operations, that normally happen prior to and following the fabrication of each of the single lot. Previously, most of the manufacturing used to happen in larger lots as complex changeovers consumed too much of time. According to such circumstances, producing in greater lots ended up in very diminished costs of labor nevertheless, it also sourced an unwanted boost in stock that was in-process.

Standard Operations & The Toyota Production System

Standard worksheets and the data that is within them are important elements of the Toyota production system. Toyota has maintained a standard work sheet professionally to keep a good track on how its production system is working. This helped it to eradicate any sort of hurdles or wastage. A standardized work sheet normally includes materials, personnel and machines n order to carry ...