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Operation And Project Management - Tyrrells Assignment

   

Added on  2021-02-20

15 Pages3531 Words17 Views
OPERATION ANDPROJECTMANAGEMENT

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INTRODUCTIONOperation management is depicted as administration of business activities and practicesto develop maximum efficiency which is possible in context with organisation. It is associatedwith transformation of labour and material into finished goods in optimal manner. Projectmanagement is referred as procedure of executing, initiating, closing and controlling the workactivities of a team so that expected success can be gained (Artto, Ahola and Vartiainen, 2016).This assignment is prepared in context with Tyrrells which is a manufacturing company offeringpotato crisps to their customer base. This company came into existence in 2002 and expandeditself quickly in European and American market. This report is going to cover aboutimplementations of principles associated with operation management and formulation ofcontinuous improvement plan accordance with review & critique of operational managementprinciples. PLC is also applied along with necessary documentations to accomplish project and atlast effectiveness of project life cycle is measured by appropriate theories and models. PART 1Introduction to the selected organisationTyrrells is a potato chips manufacturing company which perform their businessoperations under parent company KP snacks. This organisation was established in 2002 andheadquartered in Leominster, Herefordshire. After struggling for some time, organisation wasable to expand their business activities in entire Europe and US. Company is popular in offeringhigh quality crisps both in domestic and international market. At present, company is enhancingtheir presence in Australian market by opening up manufacturing units there. Main productswhich are offered by company is popcorn, tortilla and crisps including potato & other vegetables(Binder, 2016). Explanation for operation versus operational managementOperation is referred as a procedure in which different processes, equipments and peoplecome together so that appropriate value can be added to the materials and high quality productscan be produced. They will allow Tyrrells to achieve their business objectives in a propermanner. Operations management is stated as a management of entire manufacturing andproduction system which results in conversion of energy, labour, raw material into end products.1

Operations management will help the company in efficient production of goods to earn highprofits. Critique and review by implementing principles for operation management in case oforganisationThere are several operational management principles that are important to be criticallyreviewed so that appropriate principles can be implemented in context with organisation. In caseof Tyrrells, supply chain and logistics are important operations for company. Implementingoperational management principles effectively will benefit company in increasing itsproductivity. Implementation of operation management principle in context with Tyrrells ismentioned beneath: Variance: This operation management's principle is involved in majorly every processwhich is adopted by business firm. In case of reducing cost, this principle is required tomeasured and controlled in a timely manner. In supply chain management, there will bedifferent measures like cost decreasing activities which assures effectiveness of thisprinciple. In case of Tyrrells, firm can manage their logistics which results in increasingexpenses. This is because in order to prepare logistics, new employees will be needed dueto which expense of company while training and recruiting them will increase. Hence,this principle is not appropriate for respective company (Gilbert and et. al., 2015). Organisation:In accordance with this principle, to advance profit margins andefficiency company is required to organise operations in a proper manner. To managethe logistics & supply chain of company, Tyrrells can use innovative manufacturingmachines, hybrid trucks for distribution purpose etc. These aspects are not easy tomanage due to finance complexities due to which it is not beneficial for Tyrrells toimplement this operational principle. Change: This operation management principle is required by company to assureappropriate supply chain and logistics management. Also, due to new theories, timelydelivery of products can be assured (Harrison and Lock, 2017).In this context, Tyrrellscan partnership with big retailers like Tesco so that manufacturing of products can beensured properly. But implementing this principle will need high investment which is notin favour of company.2

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