Operations Management



Introduction3

Achieving operational efficiency3

Strategic planning4

Effeciemcy and Effectiveness4

Discussion5

Traker Systems7

Logimax SCM Software7

ShippersEdge SCM Software7

Management Information System8

Information Technology and its Importance in Operations Management8

Techniques and theories of Operation Management10

TQM10

Theory of Constraints (TOC)10

SCOR Model10

Economic Order Quantity (EOQ)11

JDA Software11

Conclusions12

Operations Management

Introduction

Regardless of the size of the organization, it mainly has three main functional departments, namely, marketing, operations, and finance (Stevenson, 2007). Strategy formulation in operations and production planning in a business, directs it towards sustaining and maintaining its competitiveness. Operations management on the other hand, assists the organization in scheduling and planning its production and operations facilities to survive and compete with other businesses in the market, and reach to its main objectives for which the company is striving. It can also be explained as the procedure in which sources, flowing within a described system, are modified and incorporated by a managed way to increase value in compliance with guidelines provided by the management. There are other factors like integration of effectiveness, efficiency, and optimum use of resources, and key performance objectives which are being discussed (Render & Heizer, 2008).

Achieving operational efficiency

The operational effeciency could be defined as one of the main objectives and goals of the organization in the highly competitive industry, and increasingly changing technology, and also communication networks. To gain operational effeciency, the business needs to consider several factors, without which it is very difficult to attain such level. Different measures needs to be further taken to attain operational effeciency by lessening time and cost of the operations, enhancing safety of the business, and managinng and controlling the quality.

Strategic planning

A business devises its operations and production plans to compete and sustain in a highly competitive market. Many kinds of issues come in the way when a business involves in developing strategies and plans related to operations management. The main reason of these strategies and plans is to handle and control the widespread threats in the environment, which also exploite the valuable opportunities. Businesses must consider the issues of operations at the time of formulating their strategies for improvements. One of the most considersable issues for a company are the ones related to process design, quality management and capacity management. Operations management needs an efficient strategic framework which would only be attained through the strategic planning and implementation of proactive management of strategies for the operations department of the organization.

Effeciemcy and Effectiveness

The combination of efficiency, effectiveness and economic use of resources directs to the improvement of quality of the offered products and services, and also leads to the progress of customer service of the business.

Allocation of resources involves the handy key movements by the division of operations of the organization, and an economical corporate technique and in lined exercises. As this, the systems relating to the operations administration will be dug in into the organizational society that focuses on the advancement of value and reduction of expenses. The administration of operational effectiveness with the association society, might regulate to the achievement of the association (Stuart & Samson, ...