WHSmith Principles of Operation Management name, learner number, the unit number, and your Centre name. Executive summary The aim of the report is to explain briefly the role and the importance of operational management in the effective and efficient production of goods or services. It also illustrates the needs to produce n time, at a relevant cost, and with the right quality within the law. It explains the link between strategic planning and OM, and the three E’s (efficiency, effectiveness and economy) plan. Moreover, it evaluates the importance of the five performance objectives that underpin operations management Introduction Operation Management is a process of planning, controlling, leading and …show more content…
The difference between OM and strategic planning is the difference between how the organisation does with something and how actually it needs to be done. An operational management focuses on short-term task that needs to be done whereas the strategic plan focuses on long-term objectives and the general vision of the company. Explanation and implementation of the three E’s Implementing the 3E’s (efficiency, effectiveness and economy) model plays a very significant role in running a business. An understanding of the 3E’s idea can help managers to improve the performance of the business, and respond faster to future challenges. It is important for the business to focus not only on profitability, but also on long term strategies. In order to accomplish the balance of the 3E’s the organisation needs to meet all the criteria such as providing good quality at a relevant price, matching the product with customer’s preferences and expectations. The efficiency relates to the right use of resources to achieve company’s goals. It is based on the inputs required to produce the outputs. It is about the completion of the work, and also leads to maximization of the profit and shareholder’s value. The efficiency can be improved by consuming less resources but present the same amount of value, and also by reducing wasting recourses so that minimum input accomplish maximum output. WHSmith PLC is focusing on continuous improvements. Efficiency improvements
“Make” or to “Buy” will influence the efficiencies of operation in a positive manner. The main reason behind it is that, the make or buy decisions are helpful to sustain business practices, and to improve efficiency in operations in an effective manner.
Operations management is essential for the survival and success of any organization. According to Heizer & Render (2011), operations management (OM) is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. Operations managers today contend with competition, globalization, inflation, consumer demand, and consistent change in technology. Managers must focus on the efficiency and effectiveness of processes such as cost, dependability, distribution, flexibility, and speed. The intent of this paper is to discuss the processes and operations management of the Kroger Company.
Strategic planning is different from operational planning in that it involves making long-term decisions about the entire organization. Tactical planning translates broad goals and strategies into specific actions to be taken within parts of the organization. Operational planning identifies the specific short-term procedures and processes required at lower levels of the organization.
The subject to describe is policing organizations at various levels. The author will identify, compare, and contrast the policing function at the local, state, and federal organizational levels (CJA/484 – Criminal Justice Administration Capstone). The author will analyze how the organizational, management, administration, and operational functions at the local, state, and federal levels are similar or different and why (CJA/484 – Criminal Justice Administration Capstone). The leadership characteristics and responsibilities pertaining to each organizational level will be identified (CJA – Criminal
The operations across all organizations, government, governmental agencies and small and large businesses are required to be efficient. However, these organizations function with some degree of inefficiency since the complete elimination of inefficiency is impossible in the real world. As these organizations operate in the real world, they are forced to operate with inefficiency though these inefficiencies are only lessened to an acceptable level or minimum.
Gioe Melaney is the general director of Southern Toro – a subsidiary company included in the distribution system of Toron Coporation in Galveston, Taxas.
Operations Management in an organisation is repsonsible for managing and in making decisions concerning the activities that convert inputs into outputs , that is goods and services. This covers both short term actvities as well as longer term activities to meet strategic goals. Inputs can be the raw materaials need to manufacture goods such as furniture or the computers needed to create a service like online shopping site. Operation management’s role is to make decisions to improve how operation activities function, for example, to improve the final quality of the output or to change production methods to be more efficient in terms of cost and in time.
More efficient product and logistics by having to put a good deal of time and effort into making the production and logistics more efficient by reducing the number of production platforms, increasing productivity, reducing inventory levels and increasing delivery
Operations management (OM) is that phase of an organization where inputs are put into operations to acquire required output (services) without compromising on quality. In other words operations management is also described as combining and transforming various resources in the operations sub-system into value added services in line with formulated policies of the organization. (Kumar and Suresh, 2009)
3.1 For each hotel, what is the role of technology and the role of operations
For any management team or executive, the pursuit to merge a good amount of these two qualities together requires some amount of sacrifice. To become highly effective, efficiency has to be first sacrificed after which it can be slowly increased without a considerable drop in effectiveness. This is the most accepted method used by managers because results matter to clients and customers instead of the cost of acquiring it.
As I entered the remaining classes in my concentration, Operations Management, I realized how each particular class subject had all come together, and how each was interrelated. Each class, each subject became more important to me as I realized their importance in the role of an operations manager.
Efficiency is the basis of all large production companies. They’re main goal is to be able to produce their product at a fast enough rate, whilst keeping the production costs at a minimum. Companies must take a lot of small factors in mind when it comes to production. Assessment of labour costs, material costs and time is key when it comes to figuring out how to minimize the cost of production. An oversimplified equation to represent efficiency is, Output ÷ Input = Efficiency. In the eyes of a manufacturer, the output would represent their product sale cost and the input would represent the production cost. Every successful production company must realize the importance of efficiency. For example, if you look at a car company and look behind the scenes
Low-cost, time-efficient manufacturing of goods is a key feature of a successful production company in today’s competitive global economy. Operations management, often abbreviated in the business world as OM, is defined as “...the set of activities that creates value in the form of goods and services by transforming inputs into outputs (Heizer and Render, p. 4).” Every day, factories take in raw materials and use the labor hours and skills of their employees to transform those same materials into a variety of consumer products,
The operations function is important in implementing the strategy of an organisation because the business strategy only defines the long term plans for the company, whereas the operations function focuses on specific competitive priorities in order to meet the organisations long term plan. Prime Bank of Massachusetts had decided on a long term plan for the bank focusing on customer services and they needed the operations function to implement this long term plan through planning & control systems, workers and quality. Problems such as not having enough phone lines for the 24 hours customer service could cause customers to become irritated if they cannot get through on the phone and