This presentation discusses the key approaches to operations management and the importance and value of operations management in achieving business objectives. It explores the role of operation management in planning, organizing, and controlling various works and activities.
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Table of Content •Introduction •Key approaches to operations management •Importance and value of operations management •Conclusion •References
Introduction Operation management is an area of management that is related with designing and controlling different processes of production of goods and services. It is one of the multidisciplinary approach that specifically concerned with production, consumption and deliver best of products to gain grab large of consumers.
Key approaches to operations management In operation management of organisation consist of conversion of raw material into finished goods and services to attain desirable outcomes. It enables in designing, coordinating and controlling various works and activities for achieving outcomes. In key operations of procter & gamble is to wide range of personal health, personal care and beauty andhygieneproductswithfabricandhomecareistheirmain operational products in which it deals.
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Cont... InkeyoperationmanagementprinciplesconsistofTotalquality management,designofvariousprocessesanddesigningand implementing various products and services with help of distinctive functions that are as follows: •Supply chain management •Designing of different products
Cont... Apart from above, different approaches are as follows: •TQM-Itiscontinuousprocessforreducing,eliminatingand detectingerrorsinstreamlining,manufacturingsupplychain managementforimprovementofconsumerexperienceand providing training to employees.
Cont... •Six Sigma-It is techniques for process improvement in which quality of output is identified and removed causes of detects and minimizing variability in business and manufacturing process. •Kaizen/Continuous Improvement-It is approach that is used for creating continuous improvement based on small positive change in major improvement.
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Importance and value of operations management Operation management plays crucial role in organisation to achieve desirable outcomes and goals with the help of professional managers that are capable to achieve strategic goals in definite time period. Operation management is core of organisation that operates the whole organisation.
Cont... Valuesandimportanceofoperationmanagement:Operation management is an chain of activities which focuses on Planning, organising and controllingand supervisingactivities. The operational manager keenly observe and helps in deliver right kind of products and services so that consumers become loyal towards Procter & Gamble.
Cont... Operationmanagementplaysverycrucialroleinorganisational development that are as follows: •Operation management in which involves various activities that are similar with management of every industry or business in nature. Planning,organisingandcoordinatingvariousactivitiesare significant for every enterprise.
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Cont... Value analysis in context of operation management:Value analysis is mainly concerned with cost that associated that due to unnecessary features that are available in products.That gives its contribution in last stage of prdouct life cycle at maturity stage. At that stage research anddevelopmentnotgivepropercontributiontoimprovetheir efficiency level.
Cont... Apart from above some of the importance and value of operations management in achieving business objectives are as follows: •Control and distribution systems •Capacity management •Scheduling
Conclusion Fromtheabovereportithasbeenconcludedthatoperation management plays very important role in planning, organising and controlling various works and activities. Leader and manger plays crucialroleingivingtheirmajorcontributioningrowthand enhancement.
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References •Boyd, A. H. and Dougherty, G. M., 2016. Seed Processing Operations-Mangement. •Ellitan,L.,2017.Theroleofenvironmentaluncertainty, competitivestrategy,andoperationstrategytoachieve competitive advantage: the case of east java manufacturing SMEs.EPRAInternationalJournalofMultidisciplinary Research (IJMR).3(11). pp.8-23.