Operation Management Assignment | Project Management Assignment
Added on -2020-06-06
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OPERATION ANDPROJECTMANAGEMENT
INTRODUCTION...........................................................................................................................................3TASK 1..........................................................................................................................................................3P1 Potential of operation management principle.....................................................................................3TASK 2..........................................................................................................................................................6P2 Preparation of continuous plan and review of operational management.............................................6TASK 3..........................................................................................................................................................8P3 Stages of PLC for completing business case........................................................................................8TASK 4........................................................................................................................................................10P4 Application of product life cycle......................................................................................................10CONCLUSION.............................................................................................................................................11REFERENCES..............................................................................................................................................12
INTRODUCTIONOperation and management is an important business activity that helps in proper functioningof organisational activities. In large organisation it is essential for them to have good management practices to enhance their business practices. This assessment helps in identifying different activities and their connection with each other in XYZ Company and determining different ways in managing and utilising workforces in business functioning (Fleming and Koppelman, 2016). The company is a large scale organisation having a good brand values amongtheir customers in different markets. The enterprise is mainly dealing with marketing and promotions, and selling of products to earn revenue .Some of the featured of company are Fridge and Freezer, gas and electric cookers, washing machine, electric friars. They have further planned to invest in manufacturing and sales of television. This project will primarily focus on having competitive advantage and execute proper work breakdown structure using PLC for manufacturing of new product and increase their sales activity to earn revenue from different market in different geographical location.TASK 1P1 Potential of operation management principle Organisation has different pattern and strategies in performing their business activities to grow in market (Gunasekaran and Ngai, 2012). Operation management is a part of top level management activity, those high level authority of organisation are responsible for making efficient strategies by observing different pastors like skills and strength of workforce, financial assert, opportunities in market, resources and raw materials. Overall they are responsible for managing activities that helps in increase productivity of organisation by efficient use of raw materials and gain maximum profit out of it. Operation management design and redesign business activities according to need and wants of market. Management is responsible planning, organising, supervising, controlling business activities and processes (Blomquist and et. al., 2010). In XYZ organisation they follow principles, moral values, ethical approaches etc. For generating faith and loyalty among customers in challenging market. Sum of the principal are mentioned below - Reality- The company focus on problems in place of techniques. They must change this approach and use different tools and techniques for enhancing that performance and reduce problems.Organisation- different processes in organisation can be managed by implementing quantities and qualities factors that enhance the potential of manager to perform administrative activities in an effectual way.
Fundamental- Better manufacturing practises are based on fundamental relationship this practises involves providing transparent and accountable frame work (Fleming and Koppelman, 2016). Some of the important factor those are included in fundamental factors are legal documents, record handling, decipilines. It provides better chances to organisation to grow in competitive market because of their truthful and potent practises (Fernández-Sánchez and Rodríguez-López, 2010). Accountability- A manager in an organisation form different sets of rules, policies obligations and data for comparing between the gaols setting and actual output. Based upon this analysis they can make future planning and make certain modification if required in their product. Variance- It reduces the cost of capital of business activities by performing better quantities services apart from this it provide infusion of innovative ideas for organisation in the most region (Brauers and Zavadskas, 2010). Creative thinking sometimes leads to failure in a desirable task it were a manager has to setup for providing better administrative practises. Humanity- Manager must make sure that he has capabilities to lead work force apart from this a manager must contain some positive approaches to perform their business (Gunasekaran and Ngai, 2012). Success- It is a factor that needs proper hard work and management skill to achieve certain goals and profit in different market. It is truly dependent on buying power of customers inmarket. The definition of success may change time to time dependent upon the choices of product by customers in market place (Beringer, Jonas and Kock, 2013). Change – Organisation must stick to their policies in market altering or changing values will hamper image of company in market. XYZ is having a systematic product line; they haven’t changed their ethics and business values over the years. SIX SIGMA It provide a defined pattern in operational management for eliminating error, wastages and defects from product. This has ultimately helped in reduction of cost and saving valuable time. This process has helped in total quality management of manufacturing products. Overall one canestimate that Six Sigma helps in managing and operating production of products by improving their quality. Six Sigma is having major tool called as DMAIC (Defining, Measuring, analysing, improving and controlling)Define – It includes customers demand and direction that are to be considered while planning for manufacturing process (Lenfle and Loch, 2010). Measure – it is the measurement of overall process that is adopted in manufacturing of desired product. As well as future planning’s also done to achieve required goal.
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