Cover Content Introduction Operation management and its Approaches Six sigma Total quality management Just in time Importance and value of operation management Conclusion References
Introduction Management and operation is concerned with organizing, planning and supervision of business operations in context of manufacturing & production. An efficient operational management ensures transformation of inputs into outputs in a profitable manner.
Operation management and its Approaches Operational management is defined as a field of management associated with design and operations of business processes. Different approaches associated with operational management are mentioned below: Lean production Six sigma Total quality management Just in time
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Six sigma This operational management approach focuses on unified team efforts to accomplish the predefined tasks in an efficient manner. Thisapproachbenefitsanorganizationinimprovingoverall productivity along with increased working potential of employees.
Total quality management It is an approach which brings effectiveness in the production process of an organization. This approach mainly focuses on sustaining a continual improvement in products and services of a company in according to the demand & desires of customers.
Just in time This approach states that managers must order material form dealers & suppliers at the time of production only. Due to this, wastage of resources and material will reduce.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
LEAN PRODUCTION This approach of operational management emphasize on minimizing and eliminating wastage along with maximising productivity. This approach is also called as lean manufacturing. Principle of this approach is based on KAIZEN which is associated with continuous improvements in production & operational process. Merits associated with this process is that it reduces operating costs and lead times along with enhancing quality of products.
Importance and value of operation management Value and importance of operational management in context with Unilever is mentioned beneath: Enhanced productivity Satisfy customers Minimize throughput time Time management
Conclusion From the above mentioned Presentation,it has been comprehended that management and operation is an important process to bring efficiency & effectiveness within an organization.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
References Groves, C. and et. al., 2011. Is there room at the bottom for CSR? Corporate social responsibility and nanotechnology in the UK. Journal of business ethics. 101(4). pp.525-552. Karnani, A., 2011. CSR Stuck in a Logical Trap: A Response to Pietra Rivoli and Sandra Waddock's “‘First They Ignore You…’: The Time- ContextDynamicandCorporateResponsibility”.California Management Review. 53(2). pp.105-111.