Implications of Operation Management Assignment

   

Added on  2020-06-03

7 Pages1706 Words47 Views
Critical Thinking
Implications of Operation Management Assignment_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
Implications of Operation Management Assignment_2
INTRODUCTIONOperation management is considered as an administration field that is more concernedwith formulating, managing and controlling the procedure of production and facilitating changein business operations.. The two terms that are associated and have direct relationship withoperation administrationare logistics and supply chain management. The report will focus onevaluating the implications of operation management in Al-Muhaidib group which is aninternational private group of companies dealing in food as well as commercial goods. Also,there will be discussion on Olayan group that is also operating in the same sector. MAIN BODYThe main objective of operations management is to support organisation in effectual andefficient utilisation of resources. It has been identified from the above study that both the citedcompanies are performing well in the market and giving stiff competition to each other. Itincludes various activities such as planning, organising and implementing in relation toproductions, manufacturing of products as well as services. This process emphasizes onsupporting the firm in converting input into outputs in an effective and efficient manner. Al-Muhaidib Enterprise is focusing on expanding its core business activities in national as well asinternational market. Due to this plan, firm is able to develop a vast network of sales offices.This has provided business entity an opportunity to provide goods as well as services to wide arange of customers. It has given enterprise a chance to foster growth and achieve success in themarket (Wheelen and Hunger, 2017). On the other hand, Olayan group has established foodfranchise that has enabled firm to provide high quality of food and effective services to itscustomersAl-Muhaidib company is totally is dealing in many sectors such as food as well as retail,industrial, financial services, real estate and contracting and thus, changes in businessenvironment has less impact on its operational activities and also on its profitability. Whereas,Olayan group is dealing only in single sectors its activities are much influenced by changes inexternal environment. The company is order to reduce the effect of various environmental factorshas planned to diversify its business activities into many sectors by adopting partnership strategy.Effective partnership has allowed business entity to diversify its operation into various sectorssuch as construction, trading, food processing and restaurants, office equipment etc. It has1
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