Business Operations and Operational Management Decisions: A Case Study of Bentley Motors Ltd.
Verified
Added on  2023/06/16
|10
|2575
|217
AI Summary
This case study explores the main functions of business operations and evaluates the operational management decisions of Bentley Motors Ltd. in relation to production, supply chain, location strategy, layout design, human resource, quality control, and maintenance. It also provides a brief overview of the company and its competitors.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Case Study
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 TASK...............................................................................................................................................3 Main functions of business operations........................................................................................3 A brief overview of the Bentley Motors Ltd..............................................................................5 An evaluation of the company’s operations management decisions:.........................................5 CONCLUSION...............................................................................................................................7 REFERENCES:...............................................................................................................................9 Books and Journals:....................................................................................................................9 Online.........................................................................................................................................9
INTRODUCTION Business operations may be define as the different activities in which the employees of an organisation are engaged in order to grow the value of enterprises in the market and achieve the set objectives of the business in a well effective manner(Cindori and Slovic, 2017). The main and the foremost aim of the business which are set by the higher authorities of the business is to earn higher and higher to stand in the competitive market for a ling period of time.These activities are done by the employees of the company in a well optimized manner not only for to cover the expenses or generate sales but also done to earn maximum profit for the owner of the business. Different types of businesses operate their functions in different way and it is very important for them to make changes in the strategies of the business operation according need and demand of the market. The following report is based on Bentley Motors Ltd. which is multinational brand of United Kingdom. This report is going to cover the main functions of the business operations like finance, strategy, forecasting and many more. Along with this, this report also cover the brief overview of the Bentley Motors Ltd. Afterwords, this reports covers the evaluation of operations management decisions in relation to the respective company. MAIN BODY TASK Main functions of business operations Business functions is a term which refers to the different activities performed by an organisation. These functions have been divided into different department and all department has its own role and responsibilities. It is very important for the employees of the company to perform the task in a well organised manner because all these department are interrelated as well as interdependent to each other. Following are the key functions of the business operations have been discussed below:- ï‚·Finance:-in relation to the manufacturing organisation the finance operations is being considered as the main functions of the business operations. It is very important for an organisation to ensure that the different financial resource is being utilized and allocate in a well effective manner(Cox, 2019). In business operations finance play a very crucial role which help the management in creating the budgets for the different department like
production, marketing, human resource many more. This also develops the various investments opportunities for the business with best rate of return. ï‚·Strategy:-This functions of the business operations involves planning, organising, controlling, monitoring, analysis and assessments of different aspects of an organisation. It is very important for an organisation to done strategic management on regular basis. The main benefit of the strategic management is that, this help in better decision making which allow the organisation to enjoy the achievement of all the set goals. Strategies are made not only for the implementation of the different decisions made by the authorities but also help in the optimum utilization of resources. ï‚·Product design:-product design or evaluation is being considered as the main duty of the production department or research and development department. As the technology changes every day and with the availability of the advance technology in a very easy manner the selling of goods and services is become very simple(Fernando and et. al., 2018). The product has been designed and evaluate not only to the different market trends but also according to the need and demand of the consumer. For the introduction of new production in the market it is very obvious for the company to face different challenge but to overcome from these challenges different strategies like marketing mix or product mix has been used. ï‚·Quality control:-In today's era consumer more focus on quality instead of quantity. It is very important for an organisation to develop the best or excellent quality of goods and services which are not only durable in nature but also of top level quality. The operational manage of the company is responsible for the quality control process which includes the designing of product and removal of the defective product. ï‚·Supply chain management:-this process of the business operations is responsible for managing the movement of raw material. The involvement of this process is start from the production of goods and continue till the goods has been deliver to the end consumer. The supply chain management is varies from the nature of the business as well as the size of business. The common element which included in the supply chain management are customers,inventory,productionandmostimportantlytransportation(Fettermann, Echeveste and Tortorella, 2017).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
ï‚·Logistics:-from the business point of view the the flow of different things like information, material, packaging, inventory etc. from the point of origin and to the point ofconsumption.Thebasicdifferencebetweenthelogisticandthesupplychain management is that the logistic is only related to the activities of the distribution of company goods and on the other hand supply chain also involve in the manufacturing process. A brief overview of the Bentley Motors Ltd. Bentley Motor Ltd. Is a well known British manufacturing company who deals in the Luxury cars and offer their services all over the globe. The company come in the automotive industry and is a subsidiary company of Volkswagen group. The Bentley motor Ltd. was founded in January 1919 by H.M. Bentley and W. O. Bentley. The headquarters of the company is located in Crewe, England. The total revenue in the year of 2020 is 801.5 million Euros and provide employment to around more then 4000 people al over the globe. The history of Rolls - Royceand Bentley is followed with a series of merger and acquisition. In 1931 the Bentley is purchased by the Rolls-Royce in receivership. But the government of UK nationalised the company in 1971 and with the effect of this the company was divided into two division. The company deals in many luxury cars likeBentley Arnage T, Bentely Azure Mulliner, Flying spur, Bentley Continental GT,Bentley Bentayga, Mulsanne, Bentley Hybrid and many more. In the year 2020 the Bentley Motor Ltd. Launched the 'Beyond 100' Manifesto. This is a strategy which is framed by the company with a motive of becoming the manufacturing of not only the luxuries cars but also the most sustainable cars all across the globe. The engineers and the employees of the company wants to shape the world around them. The company is going to launch two plugs hybrid model within the next 12 months.The company will launch first ever electric cars and along with this this is also the first ever luxury car which is carbo neutral to its entire life(Ghobakhloo and Azar, 2018). Bentely Motors Ltd make partnership with many companies like The Macallan X, Breitling, Graf Von Faber Castell, Bentely Fragrances, Bentely golf, Bentely Home, Bomber for Bentley, Bentley Jewellery, Naim and Focal, Bentley Residence. The list of main competitors of the Bentley Motor Ltd are Rolls-Royce, Bugatti, Koenigsegg, Ferrari, Ford, Audi, Mercedes, Land rover,BMW, Lamborghini etc.
An evaluation of the company’s operations management decisions: Production:-In the headquarter of the Bentley Motors Ltd the company company resuming their production process with over 1700 dedicated employees and with proper guidelinesrelatedtohygieneandsocialdistancing(Kumar,Mathiyazhaganand Mathivathanan, 2020). Different decision have been taken by the management of the Bentley Motor in relation to the production department like cultural quality, the executive manager of the company welcome and prised the suggestion of the employees whether it is large or small.This not only encourage the employee but also improved the manufacturing quality of the product according to the recommendation. The also work on making and improving relationships with the supplier of company, this will help the company in understanding the internal process of the supplier. Supply chain:-The Bentley Motor Ltd use the lean manufacturing process for their supply chain management. Lean manufacturing is basically based on a ideology which focusonmaximisingtheproductivityandminimizingthewaste.Inthisareaof operational managementthe Bentley use the automation system in the supply chain management. By doing this the company reduces the effect of bullwhip in their supply chain management(Luo, Lin and Zheng, 2019). Location strategy:The Bentley Motor Ltd not only uses the global locations strategies but also uses the regional and local location strategy. Different types of decision have beentakenbythemanagementoftheBentleyliketheydecidedtoopentheir manufacturing plants in U.S.A along with this they start increasing offering their dealership in the developed marketplace. Mixed or different types of strategies have been address by the Bentley Motor Ltd in the area of operational management. Layout design and strategy:-in the manufacturing plants of the Bentley Motor Ltd layout design and strategy is being highlighted as an application which are based on lean manufacturing. In this area of operational management different strategic decisions have been made by the company in order to maximise the productivity as well as efficiency of workflow(Luthra and Mangla, 2018). On the other hand different decisions has been made for the company dealership layout design. These decisions included the suggestions from dealer and designed accordingly, which satisfy the company standard.
ï‚·Human Resource:-in this area of operational management the Bentley Motor Ltd apply TS(temporarysupplement)intheirstrategicdecisions.Temporarysupplementis basically a salary supplement which are used as an alternative mechanism pay by the companywhenthereisexceptionalworkload.Thehumanresourcepoliciesand programme which are designed in such a way which give respect to all the worker and people of the Bentley Motor Ltd. The training and development programme which are designed by the human resource department are totally based on the TS which ensure that lean manufacturing practices is being conducted in a very effective manner(Moravcikova and et . al., 2017). ï‚·Quality control:-Quality is one of the key factor on which the total sales of the Bentley Motor Ltd is depend. Inthis area of operational management different decision is been taken by the company in relation to the quality control. Material like carbon fiber, steel and aluminium is included in the body of Bentley along with this high quality of leather for seats and dashboard. Rather then the cost of cars they more focus on the comfort and luxury.Bentley car are also known for their unique design and for this they hire the excellent engineers from all across the globe so that their design look amazing. ï‚·Maintenance:-To support the global business of Bentley Motor Ltd they develop a network of strategically located facilities. The company also develop a Human resource network at the global level for this area of operational management(Shi, Qiu and Fan, 2020). This network not only provide the flexibility but also support the business resilience. Thus for stable productivity and optimum utilization of resources they use the global business reach of Bentley Motor Ltd. CONCLUSION From the above report it is concluded that for the success of the organisation in the competitive market different business operation has been done by the employees of the company in a well effective manner.Business operations is differ from industry to industry but all of these work in the way of achieving theset objectives of the business. This report concluded the brief description of different as well as main functions of the business operations like finance, quality control, product design, logistic, supply chain and many more. Afterword, this report also concluded a brief overview of Bentley Motor Ltd along with operational management decisions of the company.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES: Books and Journals: Cindori, S. and Slovic, J., 2017. Identifying Money Laundering in Business Operations as a Factor for Estimating Risk.Economic and Social Development: Book of Proceedings, pp.138-146. Cox, R.W., 2019. Explaining business support for regional trade agreements. InBusiness and the State in International Relations(pp. 109-127). Routledge. Fernando, Y and et. al.,2018. Managing project success using project risk and green supply chainmanagement:Asurveyofautomotiveindustry.InternationalJournalof Managing Projects in Business. Fettermann, D.C., Echeveste, M.E.S. and Tortorella, G.L., 2017. The benchmarking of the use of toolkitformasscustomizationintheautomobileindustry.Benchmarking:An International Journal. Ghobakhloo,M.andAzar,A.,2018.Businessexcellenceviaadvancedmanufacturing technologyandlean-agilemanufacturing.JournalofManufacturingTechnology Management. Kumar, N., Mathiyazhagan, K. and Mathivathanan, D., 2020. Modelling the interrelationship between factors for adoption of sustainable lean manufacturing: a business case from theIndianautomobileindustry.InternationalJournalofSustainable Engineering.13(2). pp.93-107. Luo, S., Lin, X. and Zheng, Z., 2019. A novel CNN-DDPG based AI-trader: Performance and rolesinbusinessoperations.TransportationResearchPartE:Logisticsand Transportation Review.131. pp.68-79. Luthra, S. and Mangla, S.K., 2018. When strategies matter: Adoption of sustainable supply chain management practices in an emerging economy’s context.Resources, Conservation and Recycling.138. pp.194-206. Moravcikova, D and et . al., 2017. Green Marketing as the Source of the Competitive Advantage of the Business.Sustainability.9(12). p.2218. Shi, Q., Qiu, W. and Fan, Y., 2020. Economic policy uncertainty and the distribution of business operations between parent companies and their subsidiaries.Emerging Markets Finance and Trade.56(2). pp.427-456.