logo

Operational and Project Management Contents

17 Pages4296 Words36 Views
   

Added on  2020-10-04

About This Document

OPERATIONS and PROJECT MANAGEMENT Contents INTRODUCTION 1 TASK 11 P1 Conducting review and critique of implementation of operations management principle.1 TASK 23 P2 Preparing continuous improvement plan based on review and critique of operations management principle.3 TASK 36 P3 Applying each stage of PLC to project of developing a new product and supporting documentation for each stages.6 TASK 49 P4 Review and critique effectives of PLC in application to project using appropriate theories, concept and models.9

Operational and Project Management Contents

   Added on 2020-10-04

ShareRelated Documents
OPERATIONS and PROJECTMANAGEMENT
Operational and Project Management Contents_1
ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Conducting review and critique of implementation of operations management principle....1TASK 2............................................................................................................................................3P2 Preparing continuous improvement plan based on review and critique of operationsmanagement principle..................................................................................................................3TASK 3............................................................................................................................................6P3 Applying each stage of PLC to project of developing a new product and supportingdocumentation for each stages.....................................................................................................6TASK 4............................................................................................................................................9P4 Review and critique effectivess of PLC in application to project using appropriate theories,concept and models......................................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11APPENDIX....................................................................................................................................13
Operational and Project Management Contents_2
INTRODUCTIONThe procedure of planning and then execution of that planning of any kind of businessplan with introduction of important process of daily routine of work would be defined to asOperations management. In manufacturing process of company this type of planning andexecution would be important that would be including other parts like that of production, controlof inventory, quality control and supply chain as well. In the current report which is based onoperation and project management in which all principles of it would be including. Under whichXYZ Company is manufacturing, marketing and selling all types of home appliance and havinggoodwill into market as well. They are producing products like that of gas and electric cookers,electric friars, washing machines and fridges and now they are planning to manufacture LargeScreen TV with the minimum size of 58 inches.TASK 1P1 Conducting review and critique of implementation of operations management principle.To: Board of DirectorXYZ CompanyFrom: ABC PSUDate: 2nd June 2018As our XYZ Company is manufacturing all type of home appliance like that of fridges,gas and electric cookers, washing machines and is having very good reputation within market.Now company is planning to start manufacturing TV of minimum 58 inches so that it could beable to grow their market base and customers into marketplace. The production which companywould be extending their operations to stadium screens which are to be sold to stadiums andparks as well (Kerzner and Kerzner, 2017). Operation management would be regarded to asprocess including planning and implementation of business practice so that organisation couldproduces products of best quality. This is also concerned to conversion of materials and labourinto finished goods and services which are ready to be sold in market and then to be consumed.All these parts and activities would be concerned with maximising profits of organisation and tobe able to position themselves into market.The principles of operations management would be regarded to as maintaining quality ofproducts and service so that company is able to save wastage of funds, labour and materials.These are included as rules and policies which are representing what is important and required1
Operational and Project Management Contents_3
for company in way of achieving actions and targets (Krajewski, Ritzman and Malhotra, 2015).There are many changes and modification of operations management of XYZ Company overcertain years like they are implementing Total Quality Systems (TQS). This type of systemwould be helping in controlling of cost and quality of products in effective manner and also intoits assembly plants. Thus helping company to effectively make decisions in regard tomanufacturing and production of best quality products.As there are many types of principles of operation management which is presentingbetter quality and growth in regard to opportunities for company. Various types of principle ofoperations management would be like that of inventory management, operations planning,manufacturing management, distribution and logistics and managing operations.Principles of inventory management- under this type of concept which is including alltechniques and tools which is related to raw materials and inventory so that employees are ableto understand their roles in regard to this (Principles of Operations Management, 2018). Theprinciple is revolving around how company is maintaining its quality and cost so that wastageare been decreased and it is helping manager in managing their inventory.Principle of distribution and logistics- the process of selling and distribution of finished goodsinto market so that they would be able to reach out to end used consumer for their consumptionpurpose. Whereas logistics are related to activities related to warehousing and designing ofdistribution channels.Lean principle- this is related to giving best to their customers with the use and implementationof very less amount of resources. The principle of lean is understanding all need andrequirement of customers’ value and then focusing on its continuous increase ultimately leadingto maximum value to them and with zero amount of waste. There are five basic principle of leanwhich was laid down by Womack and Jones including like that of value, value stream, flow,pull and perfection (Harrison and Lock, 2017). Value would be that which is necessary forevery company to understand that which type of value customers want from each products andservice. This type of approach is mainly used by Toyota Company which would be leading totop down target costing approach. Under this approach it would be focusing on want andrequirement of customers in paying for the products and services.Six sigma methodology- this type of process which is laid down for improvement of system ifthe existing process is not going well or below the specification or standards. Six sigma2
Operational and Project Management Contents_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
(PDF)Operation and Project Management of XYZ Company - Tasks[Solved]
|19
|5647
|456

Operations and Project Management - XYZHotpoint
|16
|4868
|130

Operation and Project Management Principles
|15
|4081
|240

P1 Conduct a Review and Critique of the Implementation of Operations Management
|17
|3981
|480

Operations and Project Management Principles
|20
|6093
|450

Operations and Project Management Assignment - (Solved)
|14
|4116
|226