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Assignment on Operations Management(OM)

   

Added on  2020-05-16

11 Pages2595 Words123 Views
Running head: Operations Management OPERATIONS MANAGEMENT
Assignment on Operations Management(OM)_1
Operations Management 1Executive Summary Supply Chain Management comprises of dealing with customer and seller relationships. Itcomprises of the product flow methodologies, inventory movement and storage. . It is consideredas the main principle of supply chain management. It is based on procurement, relocation andmanaging the operations related to stock. Thus inventory plays a crucial role in supply chainmanagement as it lies at the heart of the process.Supply Chain Management is the important component of the inventory control processes of theCoca Cola Great Britain (CCGB). The CCGB which is headquartered at London, UK is thesubsidiary of the Coca-Cola Company. The supply chain management plays a key role in theregulation and control of the flow of products and services of Coca Cola Great Britain. In this report, inventory and supply chain operations would be analyzed with reference to CocaCola Great Britain operations in United Kingdom. Also the risk associated with the automatedprocesses and the suggestions for their mitigation and various financial evaluation techniqueswould be stated herewith.
Assignment on Operations Management(OM)_2
Operations Management 2ContentsExecutive Summary.....................................................................................................................................1Introduction.................................................................................................................................................3The Supply Chain Planning Techniques and Technologies.........................................................................3The Project Planning Approach...............................................................................................................3The Quality Improvement Approach.......................................................................................................4Risks Associated with the Supply Chain Management................................................................................4Mitigation of the risks associated with the Supply Chain Management...................................................5The PPRR Risk Management Model.......................................................................................................5Financial Evaluation Techniques in the context of Supply Chain Management..........................................5Difference between Revenue and Capital Expenditures..........................................................................6Classification of Costs.............................................................................................................................6Allocation of Costs..................................................................................................................................6Applicationof appropriate investment appraisal techniques....................................................................6Recommendations/Conclusions...................................................................................................................8References...................................................................................................................................................9
Assignment on Operations Management(OM)_3
Operations Management 3Introduction Inventory and Supply Chain Management comprises of managing the products and services ofthe company. It is the key component involved in the navigation of the inventory from point oforigin to point of consumption. It is the main component of the raw material consumption cycle(Beeharee, Busian & Rutten, 2016). Supply Chain management has been described as the process which designs, procures, executesand regulates the movement of the inventory in the organization. Various processes of theinventory and supply chain management are adopted by Coca Cola Great Britain. It is thesubsidiary of The Coca-Cola Company .It is headquartered in London, United Kingdom. It sellsaround 20 brands and 80 drinks in UK (Coca Cola Journey, 2016). In this report, the inventoryand supply chain management processes are analyzed with reference to Coca Cola Great Britain.Also the risks associated with these processes and suggestions to mitigate them are also statedhereby. The Supply Chain Planning Techniques and TechnologiesThere are various techniques of Supply Chain Management applied by Coca Cola GreatBritain .Some of them are: 1.ERP or Enterprise Resource Planning: It is the process which combines variousprocedures such as inventory and order management, accounting, human resources andcustomer relationship management (SAP, 2018). 2.TQM or Total Quality Management: The aim of TQM is to incorporate all the processesrelated with procuring raw materials and allocating them when needed by themanufacturing department. 3.JIT or Just In Time: It is the inventory policy adopted by the company to reduce thewaste and increase the effectiveness by procuring the raw materials only when they areneeded. The manufacturing department should forecast the demand of raw materialsaccurately for its successful implementation (Habib, 2014). The Project Planning Approach With reference to the Supply Chain Management of Coca Cola Great Britain, the projectplanning approach pertains to the use of schedules such as Gantt Charts to analyze and
Assignment on Operations Management(OM)_4

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