Operation and Project Management- Assignment

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Operation and ProjectManagement
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P.1. A review and critique of the implementation of operations management principles..........1TASK 2............................................................................................................................................4P.2. Continuous improvement plan.............................................................................................4TASK 3............................................................................................................................................6P.3. Stages of Product Life Cycle (PLC)....................................................................................6TASK 4............................................................................................................................................9P.4. Review and Critique the application of PLC.......................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11
INTRODUCTIONOperation management is the planning and execution of operations in the service andmanufacturing world, including forecasting of demand, planning for production, control ofinventory, management of quality and collaboration of supply chain (Kerzner and Kerzner,2017). Project management is the practice of initiating, planning, executing, controlling the workof team in order to achieve the desired goals and objectives in particular time. In this presentreport, Sainsbury company is being chosen for assessment. This present assignment will coverprinciples of project management. Moreover, concept of continuous improvement in thecompany will also be included in this assignment. Furthermore, this report will also makeunderstand the project life cycle to a given context.TASK 1P.1. A review and critique of the implementation of operations management principles.Introduction of Sainsbury-Sainsbury is one of the popular organisation in UnitedKingdom. It has 2ndrank among the retail sector. It is a public limited company which wasfounded in 1869 by John James. Its headquarters are located in 33 Holborn, London, EC1,United Kingdom. Company has 1415 stores with 181900 employees in 2017. Its revenue is about£26.224 billion in 2017. The main products of company are Hypermarket, Superstore,Supermarket, forecourt shop and convenience shop. There are three division of holding companySainsbury Plc. These are Sainsbury's supermarket LTD, Sainsbury's Bank and Sainbury's Argos.Explanation of Operations and Operations Management-Operations is thecomponent of company that is responsible for producing goods and services while operationsmanagement is accountable for managing that key activities. Management of system that areproducing goods and services is known as operations management (Nicholas and Steyn, 2017).In simple words, Operations management is the part of management concerned with theproduction and delivery of goods and services. It is related with the continuous activities ofbusiness.Different approaches to Operations Management-There are various approaches ofOperations management are as follows-Six Sigma approaches-Six Sigma approach is a data driven, disciplined approaches aswell as methodology for reducing defects in any process from production to transactional as wellas from products to services.This is one of the best and traditional approach of operations1
management as it the method that provides company a tool to develop the capability of theprocess of company. It is the approach that helps company in solving problems. It raises theperformance and reduces in the variations in procedures that lead to defect reduction as well asimprovement in morale of employees, profitability and quality of products and services. With thehelp of this approach management of Sainsbury can identify issues in response to the needs ofcustomers.Just in Time (JTI) approach-Just in time approach of inventory management. It is astrategy of inventory where materials are only ordered and received whenever there arerequirements not before in the production process. With the help of this approach company canreduces its cots by saving in expenses of overhead inventory (Fleming and Koppelman, 2016). Itincreases the efficiency of company. Sainsbury also used this approach in order to manageinventory in effective way as it amends the return on investment by decreasing non-compliancecost.Lien Management approach-Lean management is the approach that helps companies torun there business that supports the concept of continuous improvement. It is a long termapproach which is used by Sainsbury in order to improve the efficiency and quality by bringingchanges systematically in the processes.Total quality Management (TQM)- It is the approach that describes a managementapproach to achieve long term success by raising the level of customer satisfaction. It is theapproach of quality assurance method. It is a quality control approach. Sainsbury also used thisapproach in order to bring improvement in the quality of products as well as services.PDCS Cycle-It is called Plan-Do-Check-Act cycle. It is the approach of operationmanagement where it is used to start a new improvement projects, developing a new design,planning to collect data and many others. This approach is also implemented in order to bringimprovement in the quality as well as effectiveness of processes within the management ofproduct life cycle.Operations Functions in manufacturing and service sector- The role plays byfunctions of operation's in manufacturing and service sector is very crucial. All the decisionrelated to the production of goods and services are accountable by operation's manager. Here aresome functions-2
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