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Operation Management in Business

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Added on  2020-06-06

Operation Management in Business

   Added on 2020-06-06

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OPREATIONMANAGEMENT INBUSINESS
Operation Management in Business_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Importance of operation management for IKEA..................................................................11.2 Analysis of operational function of IKEA............................................................................21.3 Process model in operation management for IKEA..............................................................3TASK 2............................................................................................................................................42.1 The importance of “Three Es”.............................................................................................42.2 Impact of tension between the cost minimisation and quality maximisation in IKEA.........52.3 Significance of five performance objectives which underpin the operations management inIKEA...........................................................................................................................................5TASK 3............................................................................................................................................63.1 Ways by Linear programming adds value to the production process...................................63.2 Critical path analysis and network planning.........................................................................73.3 Needs of the operational planning and control using in IKEA.............................................7TASK 4............................................................................................................................................84.1 Set of defined operational outcomes for IKEA.....................................................................84.2 Network plan which indicate the resultant critical path........................................................84.3 Justification of how quality management techniques is been applied to improve theoperational in IKEA..................................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
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INTRODUCTIONOperations management is a part of the management system in an organisation where the moreconcern is done upon designing and controlling of all the functions that are performed atproduction level of products and services. It is an essential element in the organisation as becauseit helps in performing the activities and operations of producing the products of transformation ofraw materials into finished goods and services (Boycott and Shantanu kumar2014). Everyorganisation now a days are very effectively performing this management approach, it isassisting them to attain the set standards and objectives. Therefore, it is the most importantaspects of business in current market scenario.IKEA is the company which is very effectively carrying out its functions of furnituresretailing in the nation, hence the operations activities are very important for the organisation. Inthis report the different functions and aspects of operation's management of the sited firm will bestudying and the positive impact of them in functioning of the company will be discussed.TASK 11.1 Importance of operation management for IKEA.Operation management is essential as it is the important part in organisation as that helpsin controlling systems of an working. It mainly allot with an design and operations, and thedevelopment of the structure which make and provide IKEA products and services. Workingmanagement is an area which is having the responsibility to make sure about the day to dayworking systems are been considered. IKEA is an retailers of furnitures, in this firm operationmanagement is very essential area of the companies activities which they perform. They use thissystem in their organisation to protect and assist all the things with effectively and efficiently. Infirm efficiency is been used so that it would know about how good resources and many morethings are used this would give them the idea of all the things going in on the daily basis(Casadesus-Masanell and Ricart,2010). IKEA use to cut down the cost by reducing the projectswhich are little low profitable to them. It is an condition in which the firm effectively bring offtheir objectives to become an market head by using the minimum resources to get maximum ofoutputs. To have an proper measurement of effectiveness and efficiency will conduct to have
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productivity, production and many more, this would help them in having an good control overthe operational activities which are performing in day to day life.1.2 and M1 Analysis of operational function of IKEA.In firm an day to day function is an process which is been done in an fundamentalmanner it helps in having production of things by them according to the needs and wants of thecustomers. Functioning of operations are an process of adjusting different kinds process those arelike selling, buying, storing products and financing. It usually shows the collection of results anddata entered this could help to make high productivity and profitability in correct way. In thiscompany there are some essential function of operation management:Designing- In an operation function it is been start to make an proper development of making ofproducts which is sold in an market place (de Menezes and et. al 2010). Some of the productionprocess which is been made by the some of the customers which are required about theindividual product. In an designing process the company continue design with effective facilitiesthat can engage their customers in large number. The system to make an proper information isessential to make betterment of their companies way of doing things by the appropriatecontrolling and monitoring all the performance of their day to day activities.Planning- it use to be depended on the good activity of the planning system which are beenmanaged and all of that are describe on the information of of what an firm has to plan about theproducts which are they going to produce. it is an process which is made do work in an propermanner which define various kinds of ways which are used in organisation so that they couldincrease their products and service. To have an best amount it has to be targeted and for thatplanning is very essential to do in organization which will make proper effective to target as wellas positive result which is more essential to tally their business in market. The IKEA industrymake effective plan to apply their process and activity in appropriate manner so that they canreach easily to their target.Managing- they use to make very much of managing ways so that they could make propermanagement in the firm which would help them in having process so that they could be able toachieve success (Ebert and et.al., 2014). Team work is important in business to make properimprovement in their performance. IKEA can manage employee which are working over their tomake improvement in an impressive way and they should give proper motivation and training sothat they could do work properly and that will make them achieve proper success in work. In
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