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Operations Management and Strategy

   

Added on  2021-01-02

9 Pages2003 Words320 Views
MANAGEMENT OPERATIONS ANDSTRATEGYpg. 1

Table of ContentsKey areas of operations management........................................................................................3References..................................................................................................................................9pg. 2

Key areas of operations managementperation management is one ofthe critical areas of businessmanagement which deals withvarious functions in internal organisationalcontrol such as supply chain and logistics,quality management, inventorymanagement and warehouse managementand productions management. It can bedefined as a part of administrativefunctions for any company that can helpthe organisation in boosting its overallmarket performance in both long andshort-term. Hence, the critical areas ofoperations management involve the areasof organisational management asmentioned above (Jacobs et al., 2014).However, to understand the vital areas ofoperations control, it is necessary tounderstand the various strategicframeworks of operations management.OStrategic frameworks of operationsmanagement: Heizer (2016) identified thatat present operations managementcomprises of holistic concept that involvesmany processes which contain onlystrategic frames. Different experts atdifferent times have developed differentvital structures that leading organisationscan follow. Similarly, leading businessenterprises have also developed differentstrategic frameworks over time. In thisarticle, 6 different strategic contexts can beidentified for operations management.These are1. Lean operations managementimplementing continuous improvement(CI), 2. Business process reengineering (BPR), 3. Enterprise Resource Planning (ERP), 4. Total quality management (TQM), 5. Agile supply chain, 6. Lean supply chain and 7. Quick Response Manufacturing (QRM).Figure 1: Strategic frameworks ofoperations managementWhile all the processes as mentionedabove are different frameworks ofpg. 3

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