Operation Management in Business Report
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Added on 2020-06-03
Operation Management in Business Report
Added on 2020-06-03
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OPERATION MANAGEMENT IN BUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Operations managementis important for organisations.....................................................................................................11.2 Operations functions of IKEA.............................................................................................21.3 Process model of organisation management.........................................................................3TASK 2............................................................................................................................................42.1 Importance of three Es'..........................................................................................................42.2 Impact of the tension between cost minimisation and quality maximisation.......................52.3 Five performance objectives.................................................................................................6TASK 3............................................................................................................................................73.1 Linear programming adds value to a given production process...........................................73.2 Critical path analysis and network planning.........................................................................73.3 Need for operational planning and control ...........................................................................7TASK 4............................................................................................................................................84.1 Operational outcomes for IKEA...........................................................................................84.2 Network plan and critical path..............................................................................................94.3 Quality management techniques.........................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONOperation is that component of an enterprise, which is define with the information of away of inputs into services having the product quality level. Management is a best process,which transforms different sources in the business operation of an organisation, into addedservices value in accordance with policies communicated. It create highest level efficiencypossibles. It concerned with merging wages and materials into products and services to maximizethe organisation profit. It is a best terms to design various method of inputs like materials, labouretc. and outputs like products and services. Ingvar Kamprad founded IKEA in 1993. Their visionis to create better like for the many person. Their concept is based on positioning of marketstatement. IKEA has more than 590 million tourist per yearly to its stores(Ageron, Gunasekaran,and Spalanzani, 2012). Company offered different channel of marketing like catalogue that isprovide worldwide as 191 Million photo copies. Company has 9500 various products and theyoffer unique services.TASK 1 1.1 Operations management is important for organisationsOperations management is the best resources to define goods and services that can besole and make a benefits. These sources like inventory, time, facilities and employees etc. it isessential because it apply every company to maximize their profits it used properly. Related to IKEA, operation management define the best way that organisation distributeand produce goods and services. The information related to business reflects the importantconcept of operational management. It is a systematic control and development process thatcontribute goods and services. Their function define as a percentage of physical assets andemployees in most enterprise. IKEA applied this management system and determine what shouldgo into an developing system, such as materials, power, energy, facilities, information related toinputs and outputs etc. company managers are responsible for all activities like capacityplanning, organising, product quality, scheduling and material management. Operation management is very important because it has increased regularly in currentyears(de Menezes, Wood, and Gelade, 2010). There are different way that define it is veryessential like significant competition, product and service life cycle is shorter, quality conscious1
consumers, capability of innovative technology etc., these function to improve productivity whilegiving a best techniques of high-quality services and products. Above this digram show the operational management is very beneficial in different organisation.These benefits show their important at whole organisation. 1.2 Operations functions of IKEAOperational function define IKEA position in market place and define their products orservices. There are approx 123000 Co-workers which can define functions like distributing,purchasing, product range, whole-sale and their groups. Today their product range is 9500 whilehome furnishing articles(Diabat, and Govindan, 2011). Their product design is good lookingbut their product price is very low. This group develop every items which are necessary tocustomers needs and wants. IKEA is responsible for providing different products its unique name2Illustration 1: Benefits of operational management
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