INTRODUCTION TO THE OPERATIONS MANAGEMENT

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faaiz

Par 100 posts (V.I.P)
INTRODUCTION TO THE OPERATIONS MANAGEMENT

The field of Operations Management:

Efficiency means doing something at the lowest possible cost (using the smallest input of resources).
Effectiveness means doing the right things to create the most value for the company.
Value can be metaphorically defined as quality divided by price.

Reasons for studying this field:



Operations management (OM) is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services.

Within the operations functions, management decisions can be divided into three broad categories.
1. Strategic (long term) decisions.
2. Tactical (intermediate-term) decisions.
3. Operational Planning and Control (Short term) decision.

The Operations Functions:
1. Operations as a transformation process.




• Physical (manufacturing)
• Locational (transportation/warehouse)
• Exchange (retail)
• Physiological (health care)
• Psychological (entertainment)
• Informational (communications)

2. Operations as a technical core.



Historical development of OM:

Current Issues in Operations Management.

• Effectively consolidating the operations resulting from mergers
• Developing flexible supply chains to enable mass customization of products and services
• Managing global supplier, production and distribution networks
• Increased “commoditization” of suppliers

• Achieving the “Service Factory”
• Enhancing value added services
• Making efficient use of Internet technology
• Achieving good service from service firms
 
pls guys wen u ask 4 help , be spefic in regards to wat u exactly want wat all things u want to cover etc...with out dat we cant provide much help ........
 
faaiz said:
INTRODUCTION TO THE OPERATIONS MANAGEMENT

The field of Operations Management:

Efficiency means doing something at the lowest possible cost (using the smallest input of resources).
Effectiveness means doing the right things to create the most value for the company.
Value can be metaphorically defined as quality divided by price.

Reasons for studying this field:



Operations management (OM) is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services.

Within the operations functions, management decisions can be divided into three broad categories.
1. Strategic (long term) decisions.
2. Tactical (intermediate-term) decisions.
3. Operational Planning and Control (Short term) decision.

The Operations Functions:
1. Operations as a transformation process.




• Physical (manufacturing)
• Locational (transportation/warehouse)
• Exchange (retail)
• Physiological (health care)
• Psychological (entertainment)
• Informational (communications)

2. Operations as a technical core.



Historical development of OM:

Current Issues in Operations Management.

• Effectively consolidating the operations resulting from mergers
• Developing flexible supply chains to enable mass customization of products and services
• Managing global supplier, production and distribution networks
• Increased “commoditization” of suppliers

• Achieving the “Service Factory”
• Enhancing value added services
• Making efficient use of Internet technology
• Achieving good service from service firms
Click to expand...

Hey faaiz, as we know that operations management represents the management of business methods to make the maximum level of performance achievable within a company. I liked your article and you explained it very well. Now, i want you to download and check my presentation on operation management.
 

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