Operations and Project Management - Bosch Corporation
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Added on 2020-10-23
Operations and Project Management - Bosch Corporation
Added on 2020-10-23
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Operations andProjectManagement
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Conduct a review and critique of the implementation of operations management principleswithin an organisational context. ....................................................................................................3TASK 2.......................................................................................................................................6P2 Prepare a continuous improvement plan based on the review and critique of operationsmanagement principles within an organisational context...........................................................6TASK 3.......................................................................................................................................8P3 Apply each stage of the PLC to a given project, producing necessary supportingdocumentation for completing the project e.g. a business case, project plan, work breakdownstructure.......................................................................................................................................8TASK 4.....................................................................................................................................11P4 Review and critique the effectiveness of the PLC in application to the chosen project usingappropriate theories, concepts and models................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONOperation management is an ongoing organisational function that helps in produceproducts and services by supply in proper manner. It majorly use in production operations,manufacturing and IT services and also in accounting. Operation management is anadministration that helps in create maximum level of efficiency that is possible for anorganisation. It mainly focuses on converting raw materials and labour into goods and services.This report is based on Bosch corporation which is world leading multinational engineering andelectronics company. In its products are fridges, freezers and gas in electric items and it aimed toenlarge its market share in TV that is it want to launch 58 inches TV in innovative way tocomplete its project line. This report is based on importance of operation and its principles thatare prove to be fruitful in while deal in market. When applying these principles into business itfaces some problems and to improve that issues organisation have to build continuousimprovement plan. To get desirable results while launch a new product PLC and its effectivenessin business project should be evaluated properly.TASK 1P1 Conduct a review and critique of the implementation of operations management principleswithin an organisational context. Operation management is an important attribute in organisational success and successfulcompletion of work and activities. Project management is an multidisciplinary approach whichfocus on planning, organising and delivering right products and services and deliver at right timewith optimization of resources (Galloway, Rowbotham and Azhashemi, 2012).Principles of operation management:In operation management there are some principles that helps in planning and deliverright type of products and services, in which includesChange:That principle of operation management states that organisation have to adopt newstrategies and methodologies to solve problems, rather than stick to one solution. Finding newsolutions helps in bring stability in organisation (Binder, 2016). In case of Bosch corporationwhen it access changing needs of consumers then it find the solution in expansion of its product
line and satisfy consumers needs by giving them 58 inches TV. So it find new methodology tosolve that problem.Reality:Principle of operation management states that Bosch focus on problems, rather thantechniques and tools. There is not any universal solution of any problem. It gives differentsolution of their problem by launching new segment in which it launches 58 inches TV in newmarket scenario.Organisation:In every industry each and every manufacturing unit connected with each other, inperspective of Bosch it by predicting and should be consistent enough to get better results andachieve higher outcomes.Fundamentals:That principle of operation management states that organisation's most success comesfrom the strict adherence of rules and regulations and only 20% of success comes from applyingprinciples and new techniques. In case of Bosch it access current needs of consumers and aimedto launch 58 inches TV in new market segment by applying strict rules and regulations to getbetter results.Accountability:That principle state that managers are responsible for framing rules with metrics andaccordingly distribute roles and responsibilities to their subordinates. In case of Bosch it facesthe problem of accountability in which management not able to access skills set of employeesand in that scenario they wrongly distribute it. Resulting subordinates not give their best inorganisational success and get confused about their tasks and duties (Harrison and Lock, 2017).Six sigma:Six sigma is an systematic approach that helps in elimination of errors and mistakes inexisting production and services. It uses statical tools and methods in improve quality bydecrease in variability in production process, in manufacturing to engineering and purchasing ofgoods and services (Jacobs, Chase and Lummus, 2014).It uses different types of methods to improve work and deduction in errors, in which one of themis DMAIC that stands for Define, Measure, Analyse and Improve, control of processes includes.
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