OPERATIONS MANAGEMENT

Operations Management



Operations Management

Operations Management

Operations management, to begin with a simple definition, is defined as a set pattern of rules, regulations and processes that would help and align all the core components of business operations, in the midst of producing or delivering quality goods or services. Operations management must be inculcated into the organization for the sole purpose of managing all courses of action that prevail in cost-effective and timely execution of operations and smoothly running a business. Activities that come under the head of operations management include primary activities that cover the discipline of quality assurance (QA), environmental protection and responsibility, production, manufacturing, warehousing, inventory, supply chain, logistics, packaging, etc (Swank, 2003, pp. 45-57) .

Operational management is all activities related to the deliberate transformation of materials, information or customers. Operating function includes activities that result in manufactured goods and services supplied by the organization to the external environment. Organization may vary greatly in nature operating functions. For example, in industrial raw materials are processed, and the first from the raw produce individual parts and components, then assemble them into finished products.

Focus Of Operations Management

The strategy of operations is a vision of the role of operations depending on the direction or general impulsion for the decision plan. This vision must be integrated with business strategy and often, but not always, reflected in a plan formal. The operations strategy should result in a consistent pattern of decision making in the operations and competitive advantage for the company (Shah, 2003, pp. 129-149).

Operational management is all activities related to the deliberate transformation of materials, information or customers. Operating function includes activities that result in manufactured goods and services supplied by the organization to the external environment. Organization may vary greatly in nature operating functions. For example, in industrial raw materials are processed, and the first from the raw produce individual parts and components, then assemble them into finished products.

The strategy of operations is a vision of the role of operations depending on the direction or general impulsion for the decision plan. This vision must be integrated with business strategy and often, but not always, reflected in a plan formal. The operations strategy should result in a consistent pattern of decision making in the operations and competitive advantage for the company.

The outputs of the strategic plan include projected annual production by facility; capacity levels stated in terms of labor, equipment, and storage; and financial projections for investments (inventory, facility, etc.) and cash flow.

The strategic plan provides guidelines and constraints for tactical (also known as aggregate and seasonal) planning, which establish plans for utilizing strategic resources in the intermediate term. The tactical planning horizon is typically from 12 to 24 months, covering at least one complete seasonal cycle.

Operations management, to begin with a simple definition, is defined as a set pattern of rules, regulations and processes that would help and align all the core components of business operations, in the midst of producing or delivering quality goods or ...