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Operations Management Business Assignment Solutions

   

Added on  2020-09-08

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Operation Management inBusiness

Table of ContentsINTRODUCTION...........................................................................................................................4TASK1.............................................................................................................................................41.1 Operations management is important for organization....................................................41.2 Operation function of a organization & M1.....................................................................51.3 Process model of organizations management...................................................................7TASK 2............................................................................................................................................92.1 Importance of Three Es'...................................................................................................92.2 Cost minimisation and quality maximization in organization & M2...............................92.3 Five performance objectives...........................................................................................10TASK 3..........................................................................................................................................113.1 Adding value to a given production process through linear programming....................113.2 Critical path analysis and network planning..................................................................113.3 Need for operational planning and control in a selected production process.................12TASK 4..........................................................................................................................................124.1 Operational outcome for a organization.........................................................................124.2 Network plan indicating the end point critical path.......................................................134.3 Quality management techniques.....................................................................................14CONCLUSION..............................................................................................................................15

INTRODUCTIONOperation management is a field of that can manage the whole process of goods anservice which can provided to the customers and it include planning, organising, controlling andcoordinating of all activity of IKEA (Trkman, 2010). It is management function which managepeople, information and equipment that is produce product in business. It can convert resourcesinto goods and service in effective manner. Basically operation management id focus on theprocess of business that can evaluate performance of business activity. It is essential function toevery organization to manage their process in effective manner. Operation management iseffective process to manage operation function in organization with marketing, financing andhuman resources. In IKEA it can be determine the effective strategy that can help in define dayby day production of goods and service which is provided to their customers to fulfil their needsand wants and get higher satisfaction by them. It can also improve effectiveness and efficiency inbusiness to get appropriate result. This report is based on IKEA company it is home furnishingretailer which offer good range of well designed products to their customers. The vision of IKEAto make a healthier life everyday for people. In the below mentioned report involved processmethod and Three Es' to IKEA to get effective result (Tang and Musa, 2011).TASK11.1 Operations management is important for organizationIn every organization the operation management is play vital role that can help to identifywhole process and manage all activity of a business entity that can help to improve companyperformance as well as profitability in marketplace. It is a effective process to determine rolesand responsibility of manage of the company. Basically it is based on the purpose of theorganization and focus on production of goods in an enterprise. In IKEA organizationmanagement is important to develop activity as well as policy in effective manner to improvetheir performance (Slack, Chambers and Johnston, 2010). It is a fundamental part of theorganization that is define the term of information to converted into input and output. Inorganization there are some importance of operation management that can help to achieveeffective target:Quality management- in IKEA is is a very important factor which can define effective qualityof product and service that can help to improve customers satisfaction and increase profitability.

Product and service is important to every organization run effectively to improve their customerstaste. In quality management the benchmarking and re engineering is essential to improve marketshare so that the organization can produce best product for their customers.Management control and coordinating- In IKEA operation can define the goals and objectiveand effective range of activity that is used in business. Control and coordination is moreimportant in every business to run their business effectively and get appropriate result that canimprove the product quality with the help of manufacturing, evaluation, distribution and salesactivity which is helpful in developing product and service of IKEA (Slack, 2015).Inventory control management- It is most n very important to IKFA in operation managementthat can help to control inventory in best manner because product and inventory is essential togrow their business activity. Effective inventory control IKEA include innovative method, whichis just in time inventory control that is more effective factor to save cost and develop product inmarket as well as customers mind quickly.So that the operation management process is very important to develop every activity ofbusiness which is used to increase their performance level in appropriate manner and also defineeffective goals and objectives of IKEA (Pettit, Fiksel and Croxton, 2010).1.2 Operation function of a organization & M1In IKFA the operation function is fundamental process which can define production ofproduct that are produce according to customers needs and wants. Operation function is aprocess of managing various processes like selling, buying,storing and financing. It is show thecombination of output and input that can help to increase productivity and profitability inappropriate manner. In IKEA there are important key function of operation management:Designing- In operation function of organization the designing is start to improvement ofproduction that is sold in market. Production process evaluated by the customers expectationregarding the particular product. According to the designing process the organizationmaintain layout with effective and best facilities in order to attract their customers (Pettit, Fiksel and Croxton,2010). The system to design information is important to improve company performance with thehelp of effective controlling and monitoring process.Planning- operation function is based on best planning system that is manage al resources anddescribe that how company utilized available product. Planning is a effective process to defineall various element which used in business to increase the demand of the product and service

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