Operation and Project Management Assignment :BPC Electronics

Operation and Project
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Critique and review of the principles of operation management in reference with
organisation.................................................................................................................................1
TASK 2............................................................................................................................................3
P2 Continuous Improvement Plan on the critique and review of principles in OM within the
organisation.................................................................................................................................3
TASK 3............................................................................................................................................4
P3 PLC for completing the project..............................................................................................4
TASK 4..........................................................................................................................................10
P4 Critique and review on the PLC by using concepts, theories and models...........................10
CONCLUSION .............................................................................................................................12
REFERENCE.................................................................................................................................13

INTRODUCTION
Operation management refers to the administration during business practices in order to
formulate upper level of possible efficiency within the organisation. It also defines about
changing material and labour of effective product and services for increasing the profit of
company. Wherein, project management refers to the practices of executing, planning, directing
and controlling the work of a team for achieving proper goals and objectives in a successful way.
Along with this both processes are much effective and efficient for gaining profit towards the
organisation. On the basis of project and operation management company can easily achieve
their targeted market with potential customers. Furthermore, this assignment divided into two
parts wherein, 1st is based on BPC Electronics which manufactured electronics items and
providing proper satisfaction to customers within the UK. 2nd is based on Axis Electronics that
manufactures electronics items like electric cars, fridge, TV and so on. Along with this
discussions will be based on principles of operation management and few concepts for regular
improvements within the organisation (Smyth, 2018). Apart from this, Project Life Cycle which
is used in the organisation.
TASK 1
P1 Critique and review of the principles of operation management in reference with organisation.
According to the operation management company is always able to take their desirable
place in which they can make huge customers in order to achieve their goals and objectives in a
perfect manner. Now this can be said that it is the process of arranges task and implements on
them. On the basis of this they can use their wastage material in a proper way. There are several
kind of principles in which manager of an organisation execute on their strategies and make
better solution for company. There are principles of operation management for explaining
different approaches, those are given below:
Total Quality Management
According to this approach this can be said that, with the help of this operation
management for BPC electronics can manage their functions within the specific time by
providing effective product delivery on time. Therefore, it influence lots of customers while
doing the manufacturing process with motive to maximise profit in a perfect way. The main
things is that TQM always checks the basis errors and issues during the manufacturing process
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so that employees can easily eliminate errors and provide best quality of product to the
organisation. Together with the drawback of this system is that it charges large number of
amount from organisation and make better ideas for them. Therefore, most of the organisations
are using this approach for better future within the UK market.
Just In Time
Just in time approach is also know as just in production approach which is mainly used
for manufacturing system in order to minimise the time for giving response to customers within
the short period of time. In reference with BPC electronics, they are properly using this approach
in order to manage their strategies for given period of time with the help of this they can also
keep safe their inventory strategies for achieving better results in a perfect way. During the JIT
approach company uses it carefully and able to take risk for better planning in order to impress
customers towards their product. Therefore, it always helps companies to select their raw
material and utilise wastage material in a perfect way (Zwikael, Meredith and Smyrk, 2019).
Inventory Management
It refers to the component of supply chain management that specifically involves in the
stock items, non capitalised assets and inventory as well. According to this inventory
management manager of an organisation mainly focuses on the flow of goods from the process
of manufacturing to warehouses. Therefore, it is necessary for each and every company which
helps them and keep their products in stock. The important thing of this approach is to make
effective and efficient stock for the future within the organisation. But along with this, it charges
large cost in order to execution of these kind of approaches into the companies. Therefore,
people and employee's of an organisation manage situation of specific data for further growth.
Apart from this, BPC uses all these principles and approaches from the operation
management in order to get better outcomes for future. With the help of using these approaches
they can easily accomplish the customer's requirements and demand in an effective way. On the
basis of these principles they can make better strategies for future planning and always able to
implements on their new plan for customer's satisfaction.
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TASK 2
P2 Continuous Improvement Plan on the critique and review of principles in OM within the
organisation.
CIP is the sum total of several kind of activities which is really designed in order to bring
ongoing changes and improvements to different type of processes, services and products with the
help of action and measurement the situation of business. In reference with the BPC electronics
they can give satisfaction to their customers and people by giving 2 door ultra fridge. For this, a
CIP is given below:
Continuous Improvement Plan
Comparison of basis Approach/ Principle Implementation
Quality According to this company should
further used TQM approach in order
to make their manufacturing system
more effective.
For this company is required to
execute on the lean
manufacturing approach in a
perfect way.
Cost As per this, present company can
apply several variable costs by
advertise of their product that is 2
door fridge (Operations and Project
Management. 2019)
In order to increase brand
value and identity in the
market than they should use
six sigma for cost-ineffective
method.
Delivery As per this respective organisation
should use just in time approach in
order to delivery of product to
customers on time.
As per this, just in time or
production approach is helpful
for giving customer
satisfaction.
Safety On the basis of this company should
apply on different strategies in order
to keep their all product in a safe
zone. Specially while launching the
new item in market (Refrigerator).
As per this Lean principle will
helpful for this organisation in
order to eliminate some errors
from the working process.
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Six Sigma Improvement plan
According to this stage, representative business company can use proper sales of their
products in order to increase quality of commodities within the company. It is also helpful for
reducing the cost and material errors from the organisation.
Lean principles
It refers to the systematic method in order to enhance the wastage method without any
productivity within the manufacturing process. Along with this it helps company to analyse their
elimination of wastage material.
Effectiveness of continuous improvement plan:
In order to make improvement in the business plan for the particular product company
(BPC electronics) is needed to make effective relationship with their employees by which they
can earn better profit in order to provide higher level of qualitative products to customers and
than they get higher satisfaction in a perfect way. Apart from this company is also needed to
identify employees requirements so that they can also work easily without any pressure within
the organisation also achieve their goals properly.
TASK 3
P3 PLC for completing the project.
Project life cycle is an very important tool in order identifies the different kinds of
product within the industry (Tsay and et. al., 2018). On 5the other side it is much essential for
every organisation that they should develop their product according to the marketing growth in a
perfect way. According to this PLC company launch their product as per the current situation of
market. In reference with Axis electronics, which is one of the best company within the UK and
surrounding of the Midlands and they are having 1250 employees who are working together in
the one organisation. On the basis of this they are planing to launch their new innovative product
that is LED TV., with the specification of 53 inches screen in to the UK market. Wherein, PLC
includes in the different kind of key elements such as production, raw material, manufacturing
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process and utilization of product. There are four phases of project life cycle, which is generally
followed by the Axis electronica, those are listed below:
Project Initiation: According to this phase of the project, Axis electronics is able to
analyse their requirements, issues and opportunities by which they can make a proper team so
that they can easily sustain their businesses within the marketplace. On the other side, respective
organisation ensures that they will make effective products or LED TV by which people can get
satisfied in a particular way (Tate, 2017). Along with this, company is needed to focuses on their
primary issues in order to delivering the product to customers. Therefore, it is starting phase to
take decision about the products.
Project Planning: It is related with the above step in which manager of this particular
organisation looking forward in order to get proper statement of work and initiation documents
as well. According to this stage company develops specific project plan, it includes in possible
task, performance of employees. After this it develops the process map by which they can
estimate their budget in order to get maximum profit. Along with this they always collect proper
resources and ensures that they will fulfil customer's needs within the short period of time.
Project Execution: According to this third phase, manager of respective organisation
received effective approval for their project plan in order to get works on time. Along with this
execution plan always comes back in to the proper action, so that they can make proper plan and
strategies than implements on them. This process includes in the different steps like fist oh fall
company develops the several kind of task in order to make particular team members, with the
help of them they can achieve their goals in a particular way. After this they always
communicate with team so that they can easily provide effective and valuable data to them for
monitoring overall work quality. At last they consider all of the resources and delivered within
the effective place.
Project Closure: This is the last phase of a project planning in this, manager of selected
organisation fulfil their needs and complete the task effectively. As per this they offer final
project resources and identifying the key activities of their success. Apart from this there are
some things which is really important to do like evaluation of overall work towards the project. It
also includes in few steps such as, manager identifies the proper performance of project like their
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goals and objectives for preparing checklist. After this it analyse the overall performance of team
members. Therefore, it is easy aspects for launching new product within the market of UK in an
effective manner.
Business Case:
Business case is effectively depends upon the several kind of resources in order to
achieve proper success within the project plan. Somewhere, resources are mainly involves in the
buyer, supplier, budget, electricity and so on (Padalkar and Gopinath, 2016). All of these
resources are used by the Axis electronics in order to launch LED TV with 53 inches.
Executive summary: In order to make lot of opportunities within the marketplace of UK
respective brand has launched their new LED TV with affordable price into the market. On the
basis of this they can execute on their new planning and strategies in a perfect way.
Problem or opportunities: On the basis of above case scenario this can be said that if
company will launch their product with affordable price than it can increase their more chances
to grab potential customers. If company does not much aware about the marketing concepts than
they can not resolve consumers query and issues, so that it can develop huge problem in between
the success of business.
Solution of the opportunities: In order to achieve business opportunities than Axis
Electronics is needed to make proper strategical plan for improving their manufacturing
process in order grab so much profits and product ability within the market.
Overview of the company
Axis Electronics was formed in the year of 1995 within the
Midlands in UK and deals with electronics items. As per this
it is also included in the selling and delivering process of
items in a perfect way (Liu and et. al., 2018).
Vision & Mission
Vision is to make better choice of customer's towards their
products. Mission is to reach higher level by giving more
satisfaction to customers.
Objectives To make proper electronics items for garbing marketing
growth in a future.
Axis Electronics mainly used unique strategies in order to
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Strategies
make everyday new product with innovative things. As they
has launched LET TV with 53 inches, it is also the unique
concept for making good image into the market.
Project plan: In order to implements on overall activities it is important to make
effective project plan, which is mentioned below:
Cost
According to this, during the time of launching new product within
the market company always considered the overall cost method and
also decide fund needs £100000 for research, along with it will
involves in manufacturing cost, process of production for the
product that named as LED TV with 53 inches.
Resources
Resources are generally involves in the time, manpower, costing
method, budget, supplier, buyer, communication method and so on.
By which respective company can make effective project in order to
get effective results by fulfilling the consumer's needs and
requirements in an effective way. But completion time of this
project will be 5 months.
Research
methodologies
According to the research methodologies for this particular project
secondary research has been taken in order to identifying
appropriate scope and size of the organization. As well as it shows
the scope for new product within the market like some specific
place such as hotel, home, restaurants, guest house and so on. For
instance, company can easily collect sufficient information by using
this criteria (Lindholm, Laine and Suomala, 2017).
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(Work breakdown structure)
Work Breakdown Structure: As it is the key element of project management that's why
it is always segmented into different activities. Therefore, it is much benefited for every task
within the organisation by which company is able to make their own functions properly. Along
with this it helps company to build strong relationship with their team members (Kumar,
Mookerjee and Shubham, 2018).
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TASK 4
P4 Critique and review on the PLC by using concepts, theories and models.
According to the marketing structure, project life cycle plays an very important role
within the companies by which they can manage their working condition as per the current
scenario (Lee, 2018). On the basis of this, it mainly divided into two parts that is appropriate and
effective in which effectiveness defined characteristics of an organisation and appropriate refers
to necessary terms and elements for an organisation in order to achieve targeted goals and
objectives. In reference with the Axis Electronics as they are forming new product that is LED
TV with 53 inches that has good characteristics and features like gaming option, DVD option,
music and pictures setting and so on. All these term influence customer's mind and attract them
effectively. In order to understanding this topic in detail Wave model will be used for making
product valuable within the market of UK, those are given below:
Product design: According to this stage of this respective model, product comes under
the different situation like size, shape, colour and so on. In regards with Axis Electronics, they
always prepare and makes effective and attractive product before launching within the market.
Therefore, it is helpful for organisation to grab future goals by accomplishing the customer's
needs (Johnson and Wanless, 2016).
Requirement: As per this level product specification is much important while launching
the new product in the market. On the basis of Axis electronics, as they are launching new LED
TV with 53 inches which is made for fulfilling the requirement of customers in a perfect way.
This is much need able product within the schools, colleges and workplace also.
Testing: It is much necessary aspect for launching new product which helps companies
in order to check their errors and issues within the specific product. For gaining success and
sustainability for long period of time in the market Axis electronics will offer their services into
the overall market.
Implementation: As per this level of represent model this can be said that Axis
electronics generally develop effective plans and than implements on them by using strategical
approach. Therefore, it is also helpful for companies in order to extend their growth in a perfect
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way. Along with this manager of respective company can take their product at higher level
within the particular time.
Maintenance: This is very important aspect for examine and controlling the over
production process of specific system to gain appropriate objectives effectively. As company has
lots of safety tools to protect their item from any hazards and climate issues so that they can
easily provide different kinds of services to customers (Eyers and Naim, 2019).
Development of system: In this stage, respective company Axis electronics has main
vision is to provide better services to their customers by accomplishing their requirements in a
perfect way. With the help of developing system they can advertise their new product aid from
several distribution channels so that development of launching product can easily reach higher
level of marketing in an effective way.
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CONCLUSION
From the above respective report it has been analysed that, operation and project
management are very helpful aspects for companies which always makes better strategies and
implements on unique plans. With the help of this companies can achieve their goals by using
several kind of concepts and theories as well as models. By which they are able to make proper
techniques and tools for future growth and development. Along with this they can use of the
different kind of principles by which they can evaluate their product's cost, approach and
strategies as well. Apart from this both companies can promote their goods and services in an
effective level in order to gain specific project life cycle and Gantt chart with breakdown
structure. On the basis of this they can easily concentrate on their work or manufacturing process
in a energetic way. As both organisations having a good aim and mission for formulating the
brand image towards the customers in order to attain different kind of objectives of industries.
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REFERENCE
Book and Journal
Eyers, D. and Naim, M., 2019. Project Management for Effective Operations Management.
In Contemporary Operations and Logistics (pp. 11-27). Palgrave Macmillan, Cham.
Johnson, D.M. and Wanless, L.S., 2016. Facilitative learning model for student engagement in a
project management course: a case study. International Journal of Information and
Operations Management Education, 6(2), pp.173-199.
Kumar, S., Mookerjee, V. and Shubham, A., 2018. Research in Operations Management and
Information Systems Interface. Production and Operations Management, 27(11),
pp.1893-1905.
Lee, C.K.H., 2018. A review of applications of genetic algorithms in operations
management. Engineering Applications of Artificial Intelligence, 76, pp.1-12.
Lindholm, A., Laine, T.J. and Suomala, P., 2017. The potential of management accounting and
control in global operations: Profitability-driven service business development. Journal
of Service Theory and Practice, 27(2), pp.496-514.
Liu, H.J. and et. al., 2018. From design to operations: a process management life-cycle
performance measurement system for Public-Private Partnerships. Production Planning
& Control, 29(1), pp.68-83.
Padalkar, M. and Gopinath, S., 2016. Six decades of project management research: Thematic
trends and future opportunities. International Journal of Project Management, 34(7),
pp.1305-1321.
Smyth, H., 2018. Projects as creators of the preconditions for standardized and routinized
operations in use. International Journal of Project Management, 36(8), pp.1082-1095.
Tate, K., 2017. Project Scheduling and Management. Managing Supply Chain Operations,
p.191.
Tsay, A.A. and et. al., 2018. A Review of Production and Operations Management Research on
Outsourcing in Supply Chains: Implications for the Theory of the Firm. Production and
Operations Management, 27(7), pp.1177-1220.
Zwikael, O., Meredith, J.R. and Smyrk, J., 2019. The responsibilities of the project owner in
benefits realization. International Journal of Operations & Production
Management, 39(4), pp.503-524.
Online
Operations and Project Management. 2019. [Online]. Available
through:<https://www.beds.ac.uk/research-ref/bmri/centres/bisc/opm>.
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