Operations Management

[Name of the Organization]

Introduction3

Outline of the purpose of the case study5

Theoretical Frameworks6

Inventory Management6

Capacity Management7

Principles of supply chain management7

Risk Management9

Techniques For Designing And Improving Operations, Including Demand Forecasting, Queuing Calculations11

Global And International Issues12

APPLICATION OF THE THEORY13

HP Supply Chain, Inventory and Capacity management13

HP supply chain innovations15

HP Inventory management17

Risk Management at HP18

Lean And waste Management19

Effectiveness of Operation Management20

RECOMMENDATIONS21

Information Management And Systems21

Project Management22

Role of Operations manager25

Conclusion26

Operation Management

Introduction

Bill Hewlett and Dave Packard that were the co-founders established the company in 1939 after effectively introducing their first product, an audio oscillator, from a small garage in Palo Alto. HP is a technology company that operates in more than 170 countries around the world. HP discover how services and technology can facilitate companies and people tackle their issues and problems, and understand their potential, dreams and aspirations. HP provide innovative ideas to develop more simple, precious and trusted experiences with technology, constantly improving the approach that customers live and work with and therefore has a fast flowing of newly products pipeline that introduces hundreds of products yearly (Hp Student FAQ, 2013, N.D).

Hp full formed as Hewlett-Packard company (NYSE: HPQ). Hp's headquarters is located at Palo Alto, California. HP provides its services to more than 1 billion customers in around 170 Countries or six continents. HP has a workforce of approximately 331,800 employees globally. Hp was ranked in top 10 in HP's 2012 Fortune 500 rankings. Hp had revenue of $120.4 billion for the four fiscal ended in 31st October 2012 (HP fast facts, 2013, N.D).

HP is a main competitor in three important businesses that are price sensitive, Personal Computers, technical solutions and Printers and imagine solutions. Hp shifts more than 1 million printers per year and 48 million PC units annually. The major HP achievement is that one out of three servers shipped worldwide is from HP and HP products supports 200 banks and around 130 of the world major stock exchanges as well.

Every kind of firm must 'do' operations management because all organizations develop some kind of mixture of products and services. Operations management is very essential. The decisions it makes have a main contact on both how well the products and services are produced and delivered and cost of producing products or services, though both have a major impact on revenue of the company. So, operations management has a vital impact on cost and revenues and therefore profits (Pearson, 2013, N.D). Management of Operations has strategic significance because a company can be strategically successful if it manages its operations well. With strong international contest, Organizations today recognize that the finest technique to cut the cost and make the organization progression and realize that all the fundamental techniques of the operations including inventory management, supply chain management, risk management, forecasting, queuing theories and other global issues regarding operations. Operations management emphasizes on how the daily work and actions in a life can be methodically changed upon slighter and slighter. The theory uses some kind of Logics and practicality to bring more competence ...