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Operations and Project Management Assignment - (Solution)

   

Added on  2020-12-29

14 Pages4003 Words88 Views
Operations and ProjectManagement
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Table of ContentsINTRODUCTION...........................................................................................................................1P1. Implementation of operations management principles....................................................1M1. Six Sigma methodology and Lean principles.................................................................2D1. Theories, concepts or models to justify strategies of a continuous improvement plan...3P2. Prepare a continuous improvement plan..........................................................................4M2. Effectiveness of a continuous improvement plan...........................................................5CONCLUSION................................................................................................................................5PROJECT 2......................................................................................................................................6INTRODUCTION...........................................................................................................................6P3 Stages of PLC and the necessary supporting documentation for completing the project.6P4 Critical analysis of the PLC..............................................................................................4CONCLUSION:...............................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONOperation and project management is utmost important for both the success and survivalof a business firm. It is a planning and implementing in services which includes businessforecasting, planning, inventory control, project procurement and supply chain management. Below mention assignment is based on, Rolls Royce which is an auto- mobile industry.This report covers implementation of operations related to six sigma, lean principles and Taylor'stheory of scientific management. This also involves concept of operations and operationsmanagement. It also brings highlights, on improving the effectiveness and efficiency ofoperations function. Moreover, it includes impact on technology on operational functions andinformation flows (Kerzner, 2017). P1. Implementation of operations management principlesOperation management is liable for operational activities which assist in maintaining dayto day work and management of organizational approaches and resources. In this, all the thingsare based upon division of work among an organization. It is related to Rolls Royce Companywas established nearby 1904 based in Chichester, United Kingdom. It designs and manufacturesmotor cars and offers their cars through dealers in UK and other national border. The majorprinciples of operations management are described below as: Inventory management: The goal of this principle is to promulgate knowledge andunderstanding of an operational management in Rolls Royce company. This providesbetter understanding, roles and responsibility to control stock on a business. It includescompany purpose, function and their performance measurement. Operations planning: The objective of this principle is to provide fundamentalmanufacturing planning (Harrison and Lock, 2017). Rolls Royce techniques are used ineach and every level of in this industry such as planning processes and strategy related toit. Managers work together to solve problems, develop plans, builds teams to divide thework among co- workers. This will bring cohesiveness while working in a team. Manufacturing management: This principle deals which capacity managementrequirements planning, related to production and requirements. It also explores aboutproduction plan, capacity and maintenance of an individual to control their wastage
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which are related to manufacturing. This part includes just in time manufacturing, bills ofmaterial and quantityDistribution and logistics: This section of principle includes the introduction ofdistribution and their logistics management. It involves activities related to warehouse,transportation, design, distribution channel and many more. Managing operations: This goal of principle is used to provide knowledge andunderstanding the concept and making decision related to Rolls Royce. This will assist indesigning and operating functions with a friendly environment (Kerzner, 2018). Thiscourse is designed to make various decisions regarding quality, designing and developingstrategies and so on.The difference between operation and operation management are described in below as:OperationOperational managementOperations are a business activitieswhich helps in to engage in convertingmaterials into finished product andservices to maximize their profits. Operational management is theadministration which is maintain by ateam leader or senior manager ofcompany. It has a general purpose to increase thevalue of customers. Therefore, itdepends on business firm.They helps in balancing cost andachieve target on time by doingplanning and controlling the wastagerelated to company resources.From the above part, operation management is necessary function for each and everyorganization which helps in maintaining inventory, managing their operations and other relatedactivities. M1. Six Sigma methodology and Lean principlesAn operations managers adjudicate the delivery of goods and services. It assist inevaluating current and past experiences, that will help them in recommend changes whennecessary or required of new procedures (Maylor and Turner, 2017). This involves initiation,monitoring and controlling of project work. The six sigma and lean principles are described asfollows:Six Sigma
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