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Review and Critique of Operation Management Principles

   

Added on  2023-02-10

11 Pages3766 Words61 Views
OPERATION AND PROJECT
MANAGEMENT
Review and Critique of Operation Management Principles_1
Contents
INTRODUCTION.....................................................................................................................................3
TASK 1.......................................................................................................................................................3
P1 Review and Critique execution of principles of operation management.............................................3
TASK 2.......................................................................................................................................................5
P2 Build continuous development plan on the basis of review and critique............................................5
TASK 3.......................................................................................................................................................7
P3 Stages of Product Life Cycle..............................................................................................................7
TASK 4.......................................................................................................................................................9
P4 Effectiveness of PLC and application of appropriate theories............................................................9
CONCLUSION........................................................................................................................................10
Review and Critique of Operation Management Principles_2
INTRODUCTION
Operation Management is for the most part concerned with overseeing different activities
like outlining, delivering, controlling and updating of whole business activities to create products
or administrations of an association (Antonio and Martins, 2012). It is basic for each firm as it
helps in expanding adequacy and effectiveness in arranging process. The given report is based on
Haier Group Corporation which is a China-based multinational electronic company. It deals in
products like refrigerator, washing machine, gas and electric cookers etc. The company has
recently decided to enter into television product line or market. This report covers stages of
product life cycle, principles of operation management, different approaches related with
application of new product development and work base structure.
TASK 1
P1 Review and Critique execution of principles of operation management
The concept of Operation Management can be characterized as plans of whole activities
for example, starting, planning, actualizing, controlling and assessing of methods for delivering
specific merchandise or benefits and accomplish foreordained objectives of an association. It is
extremely helpful for each business substances since it bolster in building higher proficiency and
make an incentive in the commercial center. For the most part, it refers as the procedure of
production in which input (raw material) is converted into output (completed products). Input
incorporates materials, cash, machines, labor and techniques that are changed over into yields or
output for final utilizations in a powerful way. It is basic for delivering successful merchandise
or benefits and get higher comes back from constrained data sources. It also assist in using assets
by overseeing entire exercises, for example, plans, controls and creation of the business.
Supervisor have obligation to designate accessible assets among a few exercises and capacities
improper way. It can be useful in distinguishing and breaking down changes inside existing
items with the goal that better procedures can be plan. Haier Group which is a multinational
electronic organization additionally consider a few standards as supervisor guarantee in regards
to execution of plans and systems for making great nature of electronic things. Some of the
principles of operational management that help in formulating decision concerned with new
product development are as follows:
Principles of Operation Management:
Reality: Operational management is a useful device that assist in distinguishing issues as it must
be requisite to center on issues rather than any strategies in light of the fact that there are other
solution present for respective problem.
Organization: It is connected with assembling process so it is important to consider factors that
must be unsurprising so wanted results can be accomplished in a proper way (Ramos, 2012).
Fundamentals: Manufacturing process depends on basic standards as it is exceptionally useful for
dealing with a few exercises and keep up precise records, essential archives and in addition
discipline inside the firm. It likewise consider every accessible asset with the goal so appropriate
products and services can be developed.
Review and Critique of Operation Management Principles_3
Accountability: Under this principle, the role of manager is to formulate policies and regulation
and additionally commitments while running business tasks. In this, look at the measurements
with the end goal of dissect the real results to accomplish set objectives or target in a suitable
way. It center on breaking down compelling structures and settle on better choices, if necessary.
Its fundamental part is future evaluating by overseeing firm’s management accounting.
Variance: It is useful in diminishing expenses and bringing viability while running business
successfully. Manager guarantee about whole exercises which are overseen in a proper way so
advancements and imagination can be work inside the firm (Beringer and Jonas, 2013).
Causality: This is another vital standards where issues or issues are signified and furthermore
examine effects of real causes with the goal that powerful arrangements can be made. It is
important to determine such issues for maintaining a strategic distance from its event later on.
Managed Passion: In each firm, it is essential that representatives are enthusiastic about their
work and centered towards authoritative objectives or goals in a fitting way. In Haier Group, all
staff individuals are persuaded and energetic with respect to bringing new inventive thoughts or
appropriation of innovations to accomplish set targets or wanted results.
Humility: Managers ought to maintain a strategic distance from their impediment and move to
different open doors for securing information and take in more. Also they should be prepared to
show signs of improvement thoughts or information to take activities and settle on choices
through powerful learning.
Achievement: In this guideline, chief consider achievement factors which ought to be changed
according to day and age and also get the clients’ interests for a specific products or services.
Subsequently, it must be important to revise all standards as per circumstances.
Change: There are number of speculations accessible that firm can apply to run viably. New
hypotheses or ideas additionally produced for discovering better arrangements of any issues
along these lines, organization need to acknowledge a few changes and receive new
advancements inside the firm.
Six Sigma: Six sigma is a basic which are utilizing as a part of enhancing nature of whole
techniques for better operational administration. It for the most part attempts to decrease
blunders or issues, utilization of time and costs factors with the goal that business can be kept
running in a proper way. It is extremely essential for Haier Group that to deliver great nature of
electronic items so number of clients can be pulled in. Its principle object is too high to end
assembling to keep up quality and proficiency (Kock, 2013).
Haier Group administrator considered Six sigma for settling any issues identified with
administration, quality and additionally activities. In this included DMAIC devices which
clarified as Define, Measure, Analyze, Improve and Control. These are as following;
Define: It for the most part alludes to objectives, destinations, request of clients and
additionally set of bearings to attain specific undertakings or targets in a fitting way.
Review and Critique of Operation Management Principles_4

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