Operation and Project Management : M&S and Portakabin
Added on 2021-02-20
20 Pages6293 Words69 Views
Operation and ProjectManagement
Table of ContentsINTRODUCTION...........................................................................................................................3PART 1............................................................................................................................................3Overview of the chosen organisation.....................................................................................3Difference between operation and operational management.................................................3Critique and review of the execution of operations management principles.........................4Analyse the extent to which the operations management meets the organisational requirement................................................................................................................................................5Describe continuous improvement plan and define lean principles.......................................6Develop continuous improvement plan..................................................................................7Use continuous improvement principle, justify recommendations to improve organisationalfunctions.................................................................................................................................8PART 2............................................................................................................................................8Overview of case study mentioned in brief............................................................................8Define each stage of PLC ......................................................................................................8Importance of designing and implementing PLC.................................................................11Explain business case study along with cost benefit analysis of the project........................11How cost saving techniques could be incorporated in PLC.................................................13Prepare a Work Breakdown Structure (WBS) for developing of a new product.................13Produce a Gantt Chart..........................................................................................................13Analysis of project methodologies, tools and leadership ....................................................15Critique and review effectiveness of PLC in project application by using concepts and models..............................................................................................................................................17Analyse techniques which ensure quality, scope and tenure in the project implementation18Critically evaluate the PLC .................................................................................................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
INTRODUCTIONOperational management is disposal of various business practices which helps anorganisation to create higher level of efficiency so that the overall profitability of the businesscan be increased. Also, it focus on managing the process of product creation, development,promotion and distribution. Whereas project management can be define as a process which isrelated to the planning and organising the company's resources to accomplish a specific task orproject. As per the given brief, the two organisations will be taken in this file which are M&Sand Portakabin, these both are related to the manufacturing company. This study will coverabout the different kind of principles of operation management and preparation of continuousimprovement plan along with its principles according to the review critique of operationmanagement principles. Moreover, the evaluation of effectiveness of the project life cycle alsowill be discussed in this report. PART 1Overview of the chosen organisationMark and Spencer is a well recognised British multinational retailer which is leadingtheir business in high quality clothes, home and food products. It is established by Michaelmarks and Thomas Spencer in 1884 which headquarters are located in Westminster and London.They are operating their business globally through its 1463 stores and with the help of its almost80,787 employees. The main motive of this company is to cover a big market place by offering arange of quality products(Morris, 2013). Difference between operation and operational managementOperations are the functions or activities of an organisation which is performed by themin order to covert its raw material into finished goods. So that the final products can be deliveredto the customers and profit can be minimised. These function includes machining, milling,paining and assembling materials. Whereas, operation management portrays as a key part ofmanagement team as it offers a set of processes of designing, executing and monitoring itsoperations so that the desired outcomes can be achieved in the limited period of time.Another, operation refers to the act, process and manner of operating a business in orderattain the higher level of productivity. Whereas, the operation management depicts to the
management and organising all the activities which are related to the production of products onthe regular basis.Critique and review of the execution of operations management principles.The several principles of operation management are available which are crucial for thebusiness organisation to be critically analysed and reviewed in order to implement a mostappropriate principle within the business organisation. As the main focus of M&S is to build asmooth supply chain and gain competitive advantage so that it is essential for them to adopt aneffective principle in their operations so that they will be able to attain their desired outcomes ina short duration of time(Elimam and Dodin, 2013). Here are given various principles whichshould be evaluated by M&S so that best principle can be implemented.Principle of Organisation: This principles of operation management pertains that anorganisation must focus on the proper utilisation of the organisational resources so thatthe productivity of the operations can be managed. As the M&S is a manufacturingcompany so it is necessary for them to organised all those resources which are essentialfor producing a product. Also, for improving their supply chain and getting thecompetitive advantage they should focus on using hybrid trucks and updatedtechnologies. But in order to adopt some changes in their operations they have to givetheir more time and funds due to which the overall cost of their activities will beincreased. Principle of Change: It depicts that an organisation must stay concern for adopting newchanges in their operations and working procedures so that they will be able to sustain inthe market and gain competitive advantage. By adopting this principle in the organisationM&S can get higher success as it will enables them to operate their business as per thecurrent market. It become more essential for that company which is indulging in themanufacturing activities like M&S as it will help them in implementing changesaccording to the current market trends and customers demand in order to attain highersuccess and growth in the marketplace. But while the manger of M&S have to give theirmore focus on the research activities and give higher training to their employees due towhich the company will be delay in accomplishing their goals(Todorović and et. al.,2015).
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