Approaches of Operational Management

This presentation discusses the approaches of operational management, including Six Sigma, Total Quality Management, and Lean production. It also highlights the importance and value of operations management in increasing efficiency and productivity. The factors in the business environment that affect operational management and decision making of leaders and managers are also explored.

Management and
Operations
(PART -2)

Table of Contents
 Introduction
 Approaches of Operational Management
 Importance and Value of Operations Management
 Factors in the business environment that affect the decision
making of leaders and managers
 Concusion

Operations management is defined as an area which include controlling & designing of
operations that is associated with the production process of an association. Along
with this, it also involves redesigning of operational activities that assist companies
to gain higher growth as well as development. The important role of higher
authorities is to manage and control overall activities in order to attain organisational
goals within given time frame.
INTRODUCTION

Approaches of Operational Management
There are different approaches of operation management that helps an
organisation to generate higher profits and increase market share. The
approaches of operation management that is used by Aston Martin are
discuss below along with the role of leaders and managers play in these
approaches:
 Six Sigma

Contd..
 Total Quality Management
 Lean production

Importance & Value of Operations
Management
Operations management is basically managing & controlling activities
effectively in order to increase efficiency as well as productivity
level of an organisation. In addition to this, it is also termed as
converting raw materials into finished goods in order to fulfil
requirements of customer prevailing within the market.

Cont..
• Operations manage help an entity to utilize the resources efficiently and
effectively that has positive impact on the overall performance of an
organisation.
• In addition to this, the quality of products as well as services are improved
on the continuous that leads to increase in productivity of company.
• It is determined that operational management aid an entity to decline the
level of waste that has positive impact on the efficiency and profitability of
the organisation that is consider as an objective of company.

Functions of Operation Management
The various functions of operation management defined below:
 Process Design
 Capacity Management

Objectives of Operation Management:
The Objectives of operation management is mentioned below with
relation to company:
 Cost Reduction
 Increasing Productivity
 Elimination of wastage

Factors in the business environment that affect
upon operational management and decision making
of leaders and managers
The factors that affect on the decision making of leaders as well as
managers are as follows:
 Corporate Social Responsibility
 Culture
 Ethics

Contd..
 Sustainability
 Values
 Stakeholders

Conclusion
From the above Presentation, it has been analysed that operations
management assist companies to carry out activities in a proper and
effective manner. By using operational management approaches, an
organisation can increase its effectiveness and productivity level
which help them to generate higher profits.

References
 Gibson, P. and Parkman, R., 2018. Cruise operations management:
hospitality perspectives. Routledge.
 Heizer, J., 2016. Operations management, 11/e. Pearson Education
India.
 Meredith, J.R. and Shafer, S.M., 2019. Operations and supply chain
management for MBAs. Wiley.

Cont…
• Direction, S., 2018. Supplying success: The importance of risk management
capability for supply chain innovation. Strategic Direction, pp.7-9.
• Demian, M., Grecu, L. and Demian, G., 2018. Optimization for Materials
Selection and its Importance in a Management Performance. In Advanced
Engineering Forum (Vol. 27, pp. 257-261). Trans Tech Publications.
• da Anunciação, P. F., Garcia, B. and Fonseca, G., 2020. Importance of
Stakeholders Identification in Information Distribution Chain Management
for Public Value Detection in Public Initiatives. In Open Government:
Concepts, Methodologies, Tools, and Applications (pp. 156-171). IGI
Global.

Thank You