Operations and Project Management: Review and Critique of Operations Management Principles in BHP Group

ID
Unit Number and Title Unit 187 –
Operations and
Project Management
Title Review and Critique
of Operations
Management (Part
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Table of Content
Part 1: Business Report
1. An introduction to chosen organization 3
2. An explanation of operation vs operations management 4
3. A review and critique of the implementation of operations
management principles within the chosen organization 5
4. An analysis of the extent to which the operations management of
the organization in the case study meets the requirements of the
organization 6
5. Discussion of continuous improvement as a philosophy and
describe the Lean principles 7
6. A continuous improvement plan, including your justified
recommendations for improvement, based on your review and
critique of operations management principles within your
organization 8
7. Conclusion 9
References 10
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1. An introduction to chosen organization
Operation management is the management of the business to develop the
efficiency and effectiveness within an enterprise. It changes the unfinished goods
into the finish goods and increases the profit of the enterprise. Cooperate
management try to match expenses with incomes to earn operating profit. It includes
using materials from staff, equipment and techniques. The management team
purchase, create and send goods to customers on the basis of customer
requirement and capability of the company. Operations control handles various
strategic issues, which includes figuring out the scale of producing plants and
venture control methods and enforcing the shape of facts technology networks.
Other operational problems encompass the management of stock stages, which
include paintings-in-method stages and raw substances acquisition, excellent
manipulate, substances managing, and upkeep guidelines. Assignment control
includes the planning and organization of a business enterprise's assets to transport
a selected project, occasion, or obligation in the direction of of entirety. It is able to
contain a one-time venture or an ongoing pastime, and resources managed consist
of employees, budget, technology, and intellectual assets. The first part of the report
discussed about the operations conducted in BHP Group and the second part of the
report critically analyzed the project management of BHP Group. BHP Group is
also known as BHP Billiton. It is a multinational public company which head office is
situated in Melbourne, Victoria, Australia. It involves in mining, metals and
petroleum. It is the world famous mining company on the basis of market
capitalization. BHP is indexed as one of the 90 fossil gasoline extraction and
advertising companies responsible for two -thirds of world greenhouse gas
emissions on account that the start of the industrial age. BHP institution restricted
operates as a sources business enterprise in Australia, Europe, China, Japan, India,
South Korea, rest of Asia, North America, South the united states, and
internationally. It generates via Petroleum, Copper, Iron Ore, and Coal segments
(Ashkanani and et.al, 2022). The business enterprise involves in the exploration,
improvement, and manufacturing of oil and gas residences; and mining of copper,
silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and power coal.
It's also concerned in mining, smelting, and refining of nickel; and potash
development sports. Similarly, the company offers towing, freight, advertising and
trading, marketing help, finance, administrative, and different offerings. It is a double
listed public company. The BHP Group makes special strategy for employees ,
shareholder, contractors and suppliers. The objective of BHP Group is to conduct the
business activity in according to government policies and legal requirements to
maximization of the company profit. It creates the future value through expansion of
natural resources and focuses on the consumer needs. The BHP Group generates
revenue 10% from direct business and 90% from materials sold by enterprise. About
90000 employees work under the BHP group. It is the merger of two companies that
was build in 2001. It was find for oil in 1954, but generating the oil and petroleum
after in 1964. During the collaboration, BHP Billiton become the biggest varied
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assets agency in the global, with started in some 20 international locations (Bai, J.
and et.al, 2018).
2. An explanation of operation vs operations management
Operation- It is a detail study the consumption of materials and reduces the
wastage. Operation manager use different strategies such as optimal order quantity
and determines how much stock order to production and how much stock to retain
on year ended.
Operations management- It is very difficult function of operations
management to manage the stock through supply chain management. It works with
efficient manner that analysed the national and international trends, consumer
demand and available materials for production. It includes different techniques such
as purchase of raw materials and utilise of workers with efficiently manner so that
provides the goods consumer requirement (Farias Oliveira Cardoso and et.al, 2018).
Basis Operation Operations management
Definition Operations involves the day
by day responsibilities
referring to the every day
practices which might be
regarding the development
of any items or products of
the enterprise, the control of
income and stock materials
inside the enterprise
Operations control totally
interrelated to the objective
that include coping with and
retaining the production
performance within the
business. Because the
control of operations gives
the company with the
capability of preserving
universal business
efficiency and the faults or
problems, if any that the
management feels to
dispose of from the
commercial enterprise.
Profitability The objective of BHP Group
is produced the oil and
petroleum and delivered to
the consumer and earn
higher profit of the
stakeholders.
The BHP group
reconstruction of the mining
products that consumes the
materials in better manner
by the organisation. The
consumes better materials
of development helps the
company to earn more
income in the future.
Control It controls the total
production of the company.
It makes plan to control the
production.
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