Operations Management Approaches and Importance

This presentation discusses operations management approaches like six sigma and lean management, as well as the importance and value of operations management. It also explores the role of leaders and managers in improving operational efficiency.

MANAGEMENT AND
OPERATIONS
Activity 2

TABLE OF CONTEXT
ACTIVITY 2
 INTRODUCTION
 OPERATIONS MANAGEMENT APPROACHES
 IMPORTANCE AND VALUE OF OPERATIONS MANAGEMENT
 LEADERS AND MANAGER IMPROVE EFFICIENCY OF
OPERATIONAL MANAGEMENT
 CONCLUSION
 REFERENCE

INTRODUCTION
 Operations management is administration of business practices and functions to create
advanced level of possible efficiency within company.
 It is concerned with change labor and materials into services and products as
expeditiously as manageable to increase the profit of organization.
 The present presentation will discuss about Operations management approaches like six
sigma and lean management.
 Further Importance and value of operations management will also be discussed here
within presentation

Operations management approaches
Six sigma-
 Six sigma is statistical based, disciplined and data driven approach that
continuously improve methodology for eliminating defects in process,
products or service.
 Define, analyze, measure, improve and control are the stages of six sigma
process.
 This system improve existing procedure that failing below specification which
look for incremental development.

CONTI…….
 Leaders role is to motivate employee's and provide directions or guidance that
improve their performance at workplaces in organization.
 By using this approach they understand workers need and requirement which
help to make its decision for better management.
 They analyze problems between staff and firm and try to resolve it as soon as
possible.

CONTI…
 Managers role is to make plans or strategies, leading, organize events and
other functions in firm and control all over the activities in business.
 Through using six sigma they define the problems and process of organization
which help to make effective plans.
 By planning and organizing they improve the position of firm in marketplace.
 Manager plans or organize performance of organization that develop their
business more than the others.

Lean management-
Lean management is the best approach to run company that supports concept of
continuous development and improvement.
 Leaders make effective team through training and developing their skills and
knowledge to make proper use of resources.
 They continuously monitor employee's performance for reducing waste.

Importance and value of operations
management
 Operations management is required for Amazon their daily business activities
seamlessly. Through following this process company is able to make better use
of its assets like money, labor, raw material and other resource.
 OM is very important for improving the entire productivity and business
process of making products.
 The purpose of this approach is to create the highest level of ratio possible
within firm.

Leaders and manager improve
efficiency of operational management
 Operational management is the management of manager practices, in which
they make the highest stage of efficiency possible within company.
 It focusing with making products different and labor which give their
performance into make products and services which maximize profitability
and productivity.
 Leaders and manager both give their support and help organization to improve
efficiencies of operational management. Their contribution is very important
because through their efforts firm operate entire management effectively

CONCLUSION
In this section has been concluded the factors that impact on business growth and
decision making process. Thus, to over come with these within this influences
company use or apply different ways that help to run business smoothly.

REFERENCES
 Drohomeretski and et.al., 2014. Lean, Six Sigma and Lean Six Sigma: an
analysis based on operations strategy. International Journal of Production
Research. 52(3). pp.804-824.
 Formentini, M. and Taticchi, P., 2016. Corporate sustainability approaches and
governance mechanisms in sustainable supply chain management. Journal of
Cleaner Production, 112, pp.1920-1933.
 Smith, L., Maull, R. and CL Ng, I., 2014. Servitization and operations
management: a service dominant-logic approach. International Journal of
Operations & Production Management. 34(2). pp.242-269.
 Yang, L.R., Huang, C.F. and Hsu, T.J., 2014. Knowledge leadership to
improve project and organizational performance. International Journal of
Project Management. 32(1). pp.40-53.