Operation Management of General Electrics

Running head: OPERATION MANAGEMENT OF GENERAL ELECTRICS
OPERATION MANAGEMENT OF GENERAL ELECTRICS
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OPERATION MANAGEMENT OF GENERAL ELECTRICS 1
Table of Contents
Introduction:...............................................................................................................................2
1. Implementation of business practices at the highest level of efficiency:...........................2
2. Identification of further risks and ethical concerns:...............................................................5
2.1 About operation management:.........................................................................................5
2.2 The supply chain activity:................................................................................................6
2.3 International operations:...................................................................................................6
Conclusion:................................................................................................................................6
Reference list:.............................................................................................................................8

OPERATION MANAGEMENT OF GENERAL ELECTRICS 2
Introduction:
The present report is based on identifying and developing a strategy for General
Electric Company (GE) in the aspect of its operations management. The American
multinational conglomerate operates in a wide segment including healthcare, aviation,
manufacturing, transportation and oil and gas. As commented by Kolk (2016), operation
management ensures that the competitiveness of a multinational business is maintained. The
operation management at GE include the specific areas of designing the goods and services,
maintaining the quality of the products, layout of the design of the products as well as the
supply chain management and the inventory management. This report focuses on the
management of the operation in an effective manner. In addition to this, further risks and the
ethical concerns related to the management will also be discussed.
1. Implementation of business practices at the highest level of efficiency:
As stated by Withers and Ebrahimpour (2018), the companies remain pressurised in
the competitive market in order to improve the delivery of the products and to achieve the
enhanced productivity. Based on this point, Zeynal, Eidiani and Yazdanpanah (2014) added
that the aim of the companies is to reduce the overall operational cost. The business process
management eventually help in the overall development by the means of analysis, proper
design and then by carefully controlling the operation. GE has been found to give top priority
to set the high standard of the products and consider the cost consideration to be the second
option of the business operation (GE.com, 2018). These operational activities are facilitated
by the digital technologies used to increase the productivity of the organisation.
Conversion of inputs into goods and services:
As stated by Pfaff and Sartorius (2015), that manufacturing of goods involves
assembling the raw materials and sub parts to form a final product; for example assembling