This report focuses on the implementation of operations management principles within the context of TESCO, a global supermarket chain. It discusses the use of Six Sigma and Lean principles, as well as various theories and models. It also includes a continuous improvement plan and the application of the project life cycle to a given project.
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Operations and Project Management
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Contents INTRODUCTION......................................................................................................................3 TASK 1......................................................................................................................................3 P1.Conduct a review and critique of the implementation of operations management principles within an organizational context...........................................................................3 TASK 2......................................................................................................................................6 P2. Continuous improvement plan.........................................................................................6 PART 2.......................................................................................................................................8 TASK 3......................................................................................................................................8 P3. Application of each stage of Project life cycle to a given project, supporting documentation for completion of project...............................................................................8 TASK 4....................................................................................................................................13 P4. Review as well as Critique of effectiveness of Project life cycle..................................13 Conclusion................................................................................................................................14 REFERENCES.........................................................................................................................16 Books and Journals..............................................................................................................16
INTRODUCTION Operations and project management is considered as processin which it is necessary to handle issues related to strategic business in systematic manner. It deal with making effective plan, conducting, encouraging as well as controlling the resources n order to accomplish goal in target period of time. This report is carried upon the company which is named as TESCO. It is the international chain of supermarket which is situated in UK.They deal with ample of goods and services to its client at reasonably priced in order to satisfy them. In this assignment, it is necessary to implement operation management principles in an effective manner. The six sigma methodologies as well as Lean principles are described in this report. In addition to this, there are various theories and model is explained in descriptive way. And also make continuous improvement plan for success and growth of organization (Slack, 2018). TASK 1 P1.Carry out a appraisal and assessment of the execution of operations management principles within an managerial context An explanation of operation versus operations management Operations are considered as the process in which there are different purpose like marketing, HR as well as finance in relation with supplies chain. The manager of TESCO focuses on deal with various function relations to finance, marketing and many more in an effective manner.Operations managements determined as the procedure in which the business firm focuses on designing the procedure related to manufacturingthe functions of organization in an appropriate manner. Therefore, the manager emphasized on managing the different operations related to production process in an effective way. Carryoutaappraisalandassessmentoftheexecutionofoperationsmanagement principles within your chosenorganization.Narrate these to Six Sigma methodologies As well asLean principles. There are various kinds of principles of operations management which is adopted by management team of TESCO in order to execute that is going to be mentioned below:
Reality: The manager of operations focuses on issues and problems not on techniques in order to achieve favorable outcomes. The manager of TESCO focuses on resolving the problem for ginning positive results. The sig sigma and lean principles is mainly used by company for increasing level of efficiency in order to eliminate wastage. Therefore, it helps company in reducing wastage in order to increase productivity at workplace. Organizations:Theprocessofproductionisinterlinked.Allfactorsmustbe consistent for accomplishing favorable outcomes. Therefore, the manager of TESCO adopts six sigma and lean principles for achieving positive results (Padalkar and Gopinath, 2016). Variance:Varianceistheprocessinwhichthemanagerhandlesitproperly; differences can be used for creativity. By using six sigma and lean principle, the manager of TESCO makes optimum utilization of resources in order to minimize wastage. It helps in increasing productivity as well as efficiency level within organization. And it also increases success as well as growth of organization in stipulated period of time. Examinethedegreetowhichtheoperationsmanagementofthechosen organizationmeets the necessities of that organization, appropriate theories, concepts As well as models Tesco is operating at global level so it is important for the organization to manage its operations in an effective manner where it can achieve maximum productivity and increase product profitability of organization. There are number of principles theories and concepts which can be used by Tesco for increasing the efficiency of operations and managing them according to needs. There is some operational management theories which can be used by Tesco are mentioned below: ThismodelisgivenbyRandallSchaefferwhentheyareexperiencingthe manufacturing and operation management professionals in reputed organization. It can be used by the test for increasing the performance of the organization operational management. Reality:accordingtothisprincipalorganizationmustfocusonrealitywhere operation management should analyses the problem instead of gleaming the technique or tools. In context of TESCO, they focus on all those technique which is used for solving problems in an effective manner. They motivate employees to share their issues and problems so that they can perform it in better manner.
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Organization:theatrestohavetoestablishofprocessinmanufacturingand interconnection which will help company in eliminating the predictable and consistence courses which are giving the similar outcomes of profit and loss to the company.In reference of TESCO, they emphasize on process of production and assess demand and supply in order to assess income and losses occurs in future period of time. Fundamentals: theatre state that company must use the rules and apply them for increasing the operational effectiveness within the organization. According to him test you can use this share, it can decrease the 80% of the wastage in the organization because of strict prescriptions and maintaining the record of discipline within the organization.In reference of TESCO, they must follow rules of Six sigma because their main focus is to increase productivity level and minimize wastage at marketplace Accountability: accountability means that the manager to execute the operation management task must have accountable for their doings. This will help them in maintaining a proper accountable system and identifying that what are the problems which are going within.It helps TESCO to implement task and activities in an effective manner. Variance: variance within the process of operation management is also important part according to the author. This can be usedby Tesco where it can minimize the variance between the actual performance and targeted performance increasing motivation within operational management of the organization. They find discrepancies in actual as well as desired performance and taking effective decision for success of organization. Causality: according to Randall problems are the symptoms in the organization this means that effect of underlining the causes will help company in attacking these causes. This will help in reducing the problems which are occurring in regular nature. In context of TESCO, they always prepare for problems which will be occur in future period of time in order to resolve them for increasing productivity at workplace. Managed passion: managing fashion within the organization will also help company in driving the growth of individual as well as whole team of operation management, as it will help them in motivating themselves in a natural way.It is necessary for TESCO to assess marketing trends and fashion in order to satisfy changing need of customer at marketplace. Success: success is also an important factor within this framework and theory this is because or organization always seeks to get more success. Which shows the desire of
organization never ends it is important for organization to measure the success and adopt the changes over the time. in order to keep organization on regular track it is important to revise all the principals occasionally. Change: this is the last principal in the story that states that there will always be the new theories and solutions for supporting the organization growth and maintaining the importance of operational management within the organization.This will bring positive changes within the organization according to the changes in tools and techniques of operation management. TASK 2 P2. Continuous improvement plan Itis basically an ongoing efforts made byan organizationwith an aimto make improvement in its quality as well as services. It is essential for an entity to offer quality in order toattract large number of audienceand engage them for longer time. In addition to this, it is defined as a program. Which is designed in order to review particular situations and to develop strategies for improving and enhancing all the associated factors. By the assistance of this, an organization can increase its efficiency as well as productivity in an effective manner. One of the most commonly model used by companies is PDCA model that is plan, Do, Check and Act. Itisdeterminethatpassing throughwith allthese stageshelpin bringing improvements in the processes as well as productivity of the companies. The model is discussed below in relation to the chosen company: Plan: It is the first step of the continuous improvement plan, herein the main focus of higher authorities and operation manager is to defined the problem in an effective manner and plan for an effective approach in order to solve the specific problem appropriately. This step involve the scope, target and identification of the outcome received after using the best approach. In addition to this, a team is developed and timeline is set for implementing out activities as per the plan. In relation to TESCO, if the company want to offer organic food in market then it is required to conduct market research in order to again knowledge about the strength, weaknesses and threats associated with the new offering. It is important for the organization to perform planning in such a manner that leads to improvement and increase in efficiency of company.
DO: In this step, the companies are implement all the activities as per the plan in an effective andeffective manner. It is essentialfor an entity to consider cost and time taken to implementactivities so that objectives is achievedwithin stipulated time frame. With reference to TESCO, its managers implement all the strategies associated with the new offering of organic food. In addition to this, TESCO can take review and feedback at this stage in order to gain positive results effectively. Check: Herein, companies make comparison with the expected performance and the actual performance inan effective manner. Along with this, they analyze the effectiveness of new offering in market and on what factorsthey lack in order to make appropriate improvements. In context to TESCO, its managers should evaluate the performance of employees with the expected performance with the actual performance. This will help company to make improvements and attain their objectives within stipulated time frame.For example, the managers of TESCO is using 360 degree feedback method that help in gaining knowledge pf performance of an employee by others. Act: It is consider as the last stage of PDCA model and continuous improvement plan. Herein, an evaluation take place with the final results whether any changes are needed or not. It is important for an organization to take effective measures, if the cages is required. With reference to TESCO, its higher authorities can take feedback that help in gaining knowledge about customer acceptance and their perception also towards the product. In addition to this, the company also get to know about modification required in order to attract more number of people and offer quality to them in an effective manner. It is important for project managers of TESCO to properly pas through will all the stages in order to make improvements and attain objectives within stipulated time frame. Recommendations to improve operational function In order to improve operational function of company, some of the recommendations are given below: ď‚·ItisrecommendedtothemanagersofTESCOtouseoperationmanagement techniques such as Total Quality management and Six Sigma. It help in improving the quality of production and decline the level of errors from the production process in an effective manner. In addition to this, it also assist in offering quality to customer that leads to increase in market position as well as profit of TESCO in an effective
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manner. Moreover , lean management principle can be decline that aid in declining the level of waste and maximum utilization of available resources properly. ď‚·It is suggested to company to analyze the level of risk associated with the new product so that strategies is developed in order to decline risk and threats. The managers of TESCO use risk analysis tool that help in identification of risk associated with new offering in order to develop plan to deal with the risk and uncertainties take place in future. ď‚·In order to make improvements,it is essential for managersof TESCO to provide training session to employees as it help in increasing skills andcompetencies of employees. Which has positive influenceon the overall productivity of the company. Along with this, it helpcompany to offer quality and on time service to its customer, which has positive influence on the sales and profit margin of oragnisation. ď‚·It is recommendedto projectmanagersof TESCO to check and evaluatethe performance of employees with the expected performance so that feedback is given to them that leads to improvement andraise productivityof the organization.Along with this,it help company to make full utilization of resources and bring out positive results in an effective manner. PART 2 TASK 3 P3. Application of stages of PLC to a given project, supporting documentation for completion of project Overview of MFI group limited MFI is a leading furniture retailer and manufacturer in Europe and was established in the year 1964. It has around 250 retail outlets within the United Kingdom and Europe. It offer different design and quality in market, which is the main reason of coming in top brands within the market place. In the year 1993, its sales department launched an effective strategy in order to gain success for long-term. The strategy was to developed in order to provide a focused and shared direction by communicating clearly and taking measurable initiatives. One of the main motive is to offer high customer experience to customers and enhance the overall productivity of the organization.
Project Life Cycle It is termed as a sequence of steps that consider all the activitiesfrom starting to completion of project.. In addition to this, PLC help an entity to gain an understanding about the estimationtime needed for completion of project in a proper manner. This cycle assist an organization to carry out all the activities properly that directly leads to attainment of objectives within given time period. The higher authorities of MFI adopt project life cycle and follow all the stages inorder to attainsuccess for long-term. The project life cycle mainly include four stages which is given below: Stage 1 Project Initiation: It is consider as one of the important stage of project life cycle, wherein managers of MFI identify the customer requirements market trends of UK. After this, the company is planning to develop a customer focused sales strategy in an effective manner. It is important for the higher authorities of MFI to provide quality service to customers in order to meet with their expectations. For this, the company is required to develop an effective teams and communicate the vision clearly so that they can implement out activities in an effective manner. One of the strategy adopted by company is to take feedback from customers as it help them to make improvements and also aid in developing effective strategy for increment of sales of the company. Business case ď‚·Executive summary:MFI is a leading manufacturer and retailer of furniture that is planning to develop an effective salesstrategy with an aimto meet with the expectations of customers and provide them quality service.It is important for higher authoritiesof MFI to identify the customer requirements and their preferences in order to attain success in market for longer time period. ď‚·Goal:The motive of the company is to increase the level of sales and enhance their profit level. ď‚·Solution:In order to increase sales, one of the solution is to give quality service to customers and identify their requirementsin a proper manner. ď‚·Requirements:In order to achieve objective, the major requirements are training to staff members, use of appropriate techniques and many more. Stage 2
Planning stage:This step took place once the first stage get completed. In this stage, the higher authorities develop policies in order to attain positive outcome and achieve their objectives within stipulated time frame.Moreover, the managersmake use of business case in order to clear the mission and goals to each and every member of the organization. In relation to MFI, its managers divide the whole projectinto small and easier task and then assigned it to employees as per their skills and competencies. Project plan: The project includes all the factors that is required to consider for the completion of project in a proper manner. These are as follows: Risk: It is essential for managers of MFI to identify the risk and make use of risk analysis tool. This will help company to decline the level of risk in an effective manner. Cost: One of the major factor is cost and it is essential to consider before initial the activities of project. The overall budget should be prepare by MFI in order to ensure availability of resources. Resources: The resources which is required to imitate the project are effective employees, technology and many more. Gantt chart: It is a bar chart that explains scheduled of the project. The chart explain relationship between project activities and schedule associated with the time period. The Gantt chart of the present project is given below:
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Work break down structure: It is adopt by the organization in order to divide the overall project into smaller parts. This assist managers to easily carry out the whole task within in a given time period. The higher authorities of MFI can make use of this method in order to divide the project activities and achieve objectives within stipulated time frame.
Stage 3 Implementation stage:In this stage, all the planned activities is taken into action and it is essential for an entity to ensure that all operations and activities is implemented properly and effectively. In relation to MFI, it is the responsibility of managers to assigned the activities to staff members, who has the ability to implement activities in a smooth and proper manner. ď‚·Plan for monitoring:It is essential for managers to develop standards that will help in gaining understanding about the actual performance and the expected performance. In addition to this, it aid company to make improvements and attain their objectives within stipulated time frame. Stage 4 Closure stage:It is the last stage of project life cycle and herein the performance is evaluatedandcheckedbythemanagersoftheorganization.Itisessentialtocheck performance with the expected performance that help in attaining objectives associate with the new strategy. ď‚·Post project analysis:As per this, the managers of MFI required to take reviews from the customers on the regular basis as it help them to understand their perception towards the brand. In addition to this, it also assist in engaging customers for longer time period. Moreover, it leads to the increase in sales as well as profitability of the organization.
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(Source:Project Life Cycle stages, 2020) TASK 4 P4. Review as well as Critique of effectiveness of Project life cycle With the help of project life cycle, it is evaluated that it help in proper planning and implementation of activities related to the project. There are various methods, which can be adopted by the higher authorities of MFU to evaluate the effectiveness of PLC. The various methods is define below: Milestone: It is a tool that is used by project managers in order to mark particular points associated with the project timelines. It mainly includes start date, budget , end date and many more. The higher authorities of MFI can make use of milestone strategy as it help in gaining knowledge about priority task needed toperform, which leads to raise in performanceas well as efficiency of an organization. Target: The managers of MFI can set targets and then compare it with actual performance of project. This will help company to easily evaluate the performance of project life cycle.
Benchmarking:The managers set some benchmarks associated with the cost and time require for the project.Benchmarking help in observing the overall effectiveness of PLC as the company evaluate performance with the set benchmarks that leads improvements in the overall processes. PLC plays a vital role in order to complete the project in an effective and proper manner. In context to MFI, the project life cycle stages along with its effectives is described below: Initial stage: It is determine that this stage is supportive as well as effective in order to analyze the actual situation of the plan. In addition to this, it also involve overview of the project and the team members associate with the project. Planning stage: The effectiveness of planning stage us it clearly communicate the objectives, strategies, mission associated with the project to the employees or project members. In addition to this, it help an entity to attain objectives within stipulated time frame. On contrary, it is analyze that it is time consuming process and might get failed if the project members did not perform effectively. Implementation stage:It is determine that effectiveness of implementation stage will assist in gaining new experience. It is important for project managers to ensure activities is implemented in a proper and effective manner. Closure stage: It state that the project is completed and the issue is arise if there is no improvement take place in the productivity as well as profitability of the organization. Effectiveness of Project life cycle Withthehelpofprojectlifecycle,themanagerscanmakecleartheroles, responsilbilties, mission and objective to the project members. In addition to this, it help in moniotiring the performance with the actual performance so that improvements take place in a better and proper manner. By the assistance of PLC, MFI can increase its sales as well as profit level in an effective and appropriate manner. Conclusion From the above discussion, it is concludedthat it is important for managers of an entity to make use of appropriate operational management techniqueswith an aim to improve
quality of product and to attain their objectives within stipulated time period. There are various operational management techniques such as Six sigma, TQM, lean management and manymore.Moreover,continuousimprovementplanhelpsanorganizationtomake improvement in its product and service which in turn assist in attracting customers and retain them for longer time period. Furthermore, Project Life Cycle includes stages from initial to the completion of project that helpin achieving desired goals as well as objectiveswithin stipulated time period.
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