Importance of Operations Management and Key Approaches

This presentation highlights the importance of operations management and various approaches used for managing the production department. It discusses the significance of operations management in converting raw materials into finished goods and improving operational efficiencies. The key approaches covered include Just in Time, Total Quality Management, and Six Sigma.

Management
and Operation
Activity- 2

Cover Content
• Introduction
• Key approaches to operations management
• Significance of operations management
• Improvement in efficiencies of operational management
• References

Introduction
Operation management is an area which is concerned with creating and
regulating procedure of production for converting raw materials into finished
goods. However, main objective of this association is to manage their
operation department in appropriate manner by understanding the role of
leaders and managers. This presentation is going to highlight importance of
operations management and various approaches which is used for managing
production department.

Key approaches
Amazon is well repudiated organization offering qualitative goods and
services to their end users for gaining competitive advantage. However, its
main objective is to satisfy the needs of demand according to their choices and
preferences. Therefore, managers and leaders of an organization follow
various approaches as per the situation in order to manage business operations
in better way for attaining their organizational goals in a defined time frame

Continue…
Thus, three approaches to operation
manager is explained as follows-
•Just in time
•Total quality management
•Sig sigma

Significance of operations management
Operation management is engaged in converting raw materials into finished
goods for fulfilling the needs of desired consumers. Their main objective is to
come up with creative ideas and concepts which is liked by end users and
resultant into maximization of organizational sales in a minimum time period.
Its major responsibility is to make sure that business operations must be
efficient in terms of utilizing few resources as requirement and appropriate in
terms of meeting consumer needs.

Continue…
Some of the necessary things which
shows the importance of operation
management is discussed as follows-
•Aids in designing creative end
products for consumers.
•Responsible for coming up with
innovative thoughts and ideas which
will attract the customer towards
company’s product.

Improvement in efficiencies of
operational management
Leaders and managers are responsible for managing business operations as
well as to guide their subordinates towards set objectives or goals in order to
enhance the business performance. Basically managers are responsible for
classifying the team into small units for accomplishing assigned job roles and
responsibilities. Therefore, manager makes sure that each and every individual
have the work according to their skills, knowledge and eligibility so that they
can give their best.

Conclusion..
From the entire presentation, it has been assessed that various approaches of
operation management are supporting leaders and managers in maximizing
organizational profit. Along with this, highlight that operational management
are indispensable for the success of an organization because final products are
designed by this department in order to fulfil the needs of end users.

References
• Baldwin, J.S., Allen, P.M. and Ridgway, K., 2010. An evolutionary
complex systems decision-support tool for the management of
operations. International Journal of Operations & Production
Management, 30(7), pp.700-720.
• Song, D.W. and Parola, F., 2015. Strategising port logistics management
and operations for value creation in global supply chains.

Thank you