Operations and Project Management: Review and Critique of Operations Management Principles in Mark and Spencer
Verified
Added on  2023/06/07
|15
|4964
|331
AI Summary
This report discusses the importance of operations management principles in Mark and Spencer, including an analysis of its implementation and extent to meet the organization's requirements. It also includes a continuous improvement plan based on the review and critique of operations management principles, including the use of Lean methodology.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
ID Unit Number and TitleUnit 187 – Operations and Project Management TitleReview and Critique of Operations Management (Part 1
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Content Part 1: Business Report 1. An introduction to chosen organizationp 2. An explanation of operation vs operations managementp 3. A review and critique of the implementation of operations management principles within the chosen organizationp 4. An analysis of the extent to which the operations management of the organisation in the case study meets the requirements of the organizationp 5. Discussion of continuous improvement as a philosophy and describe the Lean principlesp 6. A continuous improvement plan, including your justified recommendations for improvement, based on your review and critique of operations management principles within your organizationp 7. Conclusionp Referencesp 2
1. An introduction to chosen organization Mark and Spencer company is a British multinational corporation which is headquarteredintheLondon.Itis theretailstorewhichdeals inthebeauty, customers, and the food commodities. It was started by the Michael Marks and Thomas Spencer in 1884. It is registered on the London Stock Exchange and it is an element of the FTSE 250 index. This company has 959 branches across the country and has 615 stores which deals only in food products and beverages. Organization has extend the product line in clothing brand of men, women and kids. Company has started its online facility for the delivery of food products. It is renowned retail store in the UK(Gan, and Zheng,2019).The company aims is to maintain the long term relationship with the customers. It is known for earning the largest profit and paying the more taxes in the UK. 2. An explanation of operation vs operations management Operations refers to the set of the several activities which helps to execute the businessesinefficientmanner.Theseactivitiesincludesthemanufacturingof products and the management of supply. It is the arrangement of the tasks and methods to maximize the profit of the organization. It means to arrange all the raw materials, resources, raise the finance and to convert the input in to the output. It consideralltheelementswhichaidstofulfillthedemandsanddesireofthe customer. It has to ensure that there should be balance between the demand and supply in the market(Hu,and Luo2021). Operation includes the procedure of the producing the good quality products and plan the ideas related to the production, and the best allocation of resources in optimum way. Operationmanagementistheemploymentofthetradepracticesthatprovide advantage to attain the highest rate of efficiency in the company.It is related with the transfer of raw materials and workers in to product and services to increase the revenue of the business. The team of operation management try to build the balance between the cost and the expenses to increase the operating profit. The operating profit of the company is measured by the deducting all the direct and indirect expenses from the revenue(Jian, Wang, and Jiang, 2021). The operation managers of the company is maintain and deliver the good service to the clients. It analyses the proper apportionment of the resources to reduce the wastage. It helps to lower the cost per unit of the product. It handles the proper management of stocks, to manage 3
the problem of the under stock or overstock out situation. It deals with the several crucial issues such the area of the plant, methods of project management and to enforce the technology networks. OperationsOperation management ï‚·It includes the activities and tasks whichindulgeinthe manufacturingofproductsor services on daily basis.It is the propermaintenanceofthe inventoryinthecompanyand managingthedistributionofthe raw materials. ï‚·TheoperationsinMarkand Spencer deals in the purchasing andsellingofproductsand servicestoincreasetheprofits and sales for developing an image in the market. It helps to conduct thebusinessoperationsin smoothly manner. ï‚·Operationsmanagementisthe process of activities indulge in the productionstageorpost productionstage.Itmeansto createthe value and transfer of goods and services. It deals with the procedureof controllingand managingtheproduction activities.Itdealsinthe administration department with the ability to focus on the efficiency of the businesses and to tackle with theirregularlychangesthatthe administrationconsiderto withdraw it from the organisation. ï‚·In the case of Mark and Spencer thecompanyshouldadoptthe neededchangesand modificationsinthegoodsand install the new technologies and innovationsforimprovingthe productsystem.Byusingthis toolsthecompanyrevenuewill increase earn the highest yield as compared to the previous year. 4
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
3. A review and critique of the implementation of operations management principles within the chosen organization The principles of the operation management are the set of the techniques and the guidelines which needs to be abide by the organization to take care of the quality control and helps to attain the objectives. 1.Reality: The managers of the company must concentrate on to provide the exact solutions of the problem rather than focusing on the methods and techniques. Company should understand that no single method can give the same solutions to all the troubles that is faced by the project manager (Kefalas, 2019). 2.Organization: In the production department everything is interlinked in the operations. These constituents are determined and consistent they can be predictable otherwise the operation can not be able to sustain the profit. 3.Success:Thesuccessofthecompanyislinkedwiththeproduction department. It can be generated by focusing on the interest of the consumers andtoknowthetastesandpreferencesofthem.Thereforeoperation manager always try to keep the customers delighted and remains happy with the goods of the company. 4.Accountability:Itisveryimportantkeyforestablishingtheproduction operation.Accountablemeansthemanagerisresponsibleforallthe obligations and duties. The manager will frame the rules and the norms to achievethetargets.Itmotivatedthemtoputtherequiredeffortsfor accomplishing the targets(Konert, and Balcerzak, 2021). 5.Change: In some cases it is essential to adapt some change in the dynamic environment. The manager introduce new concepts and to provide solutions in the manufacturing operations. It helps to improve the performance and maintain the stability in the future period. 5
4.Ananalysisoftheextenttowhichtheoperations management of the organization in the case study meets the requirements of the organization Operation management is a crucial step of the company and has impact on the functioning of any business if anychanges incurred in the company. It provide the benefits to the company to work in the flexible environment and adapt the alteration if needed. The principles used used in the business operation ensure the accuracy of the work(Medhekar, 2019). ï‚·InthecontextoftheMarkandSpencertheprinciplesofoperation managementrendersthebenefitsinvariousways.Itcomprisesof manufacturing the goods and services according to the expectations of the customers. It helps to generate the more income from the sales to develop an image in the mind of the customers. ï‚·The cost effective method is used by the Mark and Spencer to provide the commoditiesandservicesatreasonablepricetothecustomers.The organization differentiate the goods from the competitors tokeep main focus on the customers. Through this the loyalty of the customers is developed with the company(Mishra, and Mohanty, 2020). ï‚·The Mark and Spencer has create a good working environment for the employees to increase the productivity of them. This aids to improve the working conditions and increase the morale of the employees. It also build the positive network with the suppliers across the country. Good network with the suppliers furnishes them to negotiate over the prices of supplies of product. ï‚·The principles of the operation management with reference to the Mark and Spencer assist to manage the production facilities and to follow the regular changes of the market. The company has to make sure that the customer is first priority for them(Pan, 2021). 5.Discussionofcontinuousimprovementasa philosophy and describe the Lean principles 6
Continuous improvement plan refers to the combination of the tasks which is prepare to make continuous modifications in the goods and services by constantly reviewing the action and measurement criteria of the businesses. This plan helps to save the time, money and the effort of the organization. The regular improvement process distinguish the organization from the competitors. It is the route of the innovation and the part of risk administration(SLAMA and et.al; 2018). Lean methodology: It means to utilizing the staff, resources, efforts, energy and the persons in the company to create a worth for the customers in the company. The prime purpose of using this method is to reduce the wastage of resources and control the cost of the excess expenditure. It is relay on the respect of the staff and to non stop improvement in the project. There are five principles in Lean Methodology: ï‚·Value: It means to acknowledge the value that customers will get in terms of the product and services. It means to provide the maximum satisfaction to the customers and it is measured in the monetary terms. ï‚·Valuestream:Itmeanstopreparetherouteoftheworkflowofthe organization. This comprises of all the actions and the staffs involved in the company to provide the end value of the goods to the consumer. It gives the idea of what portion of the products can provide value or not. ï‚·Flow: The objective of this is to generate the flow requisite inthe procedures and to coordinate the activities in a synchronize manner. It reduces the chances of any chaos and misunderstanding between the employees in the company(Yap and et.al., 2018). ï‚·Pull: The stability of the work helps to accomplish the task in briskly manner. The work can be pulled if there is the demand of the product. It force the company to utilize the production capacity in an optimized manner. ï‚·Improvement: The process of lean management is not static it is essential to regularly monitor the changes in the process. It has to ensure that staffs at every stage should involved in increasing the performance of the organization. Company should conduct a regular meeting to know the work done by the employees and the problems faced by them for daily improvement. 6. A continuous improvement plan, including your justified recommendations for improvement, based on your review and critique of operations management principles within your organization 7
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continuous improvement plan means the steps of the alteration and necessary changes which is required by every organist to adapt them in the plan. The change can be include like increasing the quality of the product and its services. With the reference to Mark and Spencer the continuous modification plan is based on this: ï‚·Plan:It includes the finding of the appropriate opportunity and idea that is suitable for the policy and turnout to be productive for the future. It means the analysis of knowing the market, strategyof the competitors and the changing needs and demand of the customers. It helps to increase the revenue of the company(Yixuan, 2021). ï‚·Do:It involves the actual enforcement of the strategies and projects of the organization. It means to putting the plan in to action and observe the trends in the market. ï‚·Check:It refers to the monitor or track the norms and the policies of the company. It can be examined on the daily basis, annual basis or weekly basis. It continuously compare the performance of the standard or real and findoutthoseareawherecompanyneedsimprovement.Itmonitorthe progress of the tasks and the plan. ï‚·Act:Itmeanstomeasuretheactualoutcomeofthepolicieswhichis implemented in the business and found to be useful for the company. The result of the policy can be favorable or unfavorable. The motive of the Mark and Spencer to apply this norms is to achieve the profitson the larger scale. The company can make the alteration plan if the organization feels that it has not worked accurately(Zhang, Zhao, and Guo, 2022). 7. Conclusion As per the above report it has been concluded that there is link between the operation management and the operations and also some difference between the two terms. Operations means to produce the goods and services whereas operation management means to achieve the highest efficiency by using the practices of the company. This report has discussed the importance of the using of principles of operation management in the company. In the context of Mark and Spencer this principles help to increase the productivity and increase the value of the businesses. The company has utilized the lean method that support the organization to develop 8
the methods for continuous modifications. The recommendations and the continuous improvement plan is based on the principles of the operational management and is applied in the Mark and Spencer(Zhuang, Qu, and Li 2020). References Gan, H. and Zheng, C., 2019, June. Operation optimization of electric vehicle based on demand side management. In2019 34rd Youth Academic Annual Conference of Chinese Association of Automation (YAC)(pp. 100-105). IEEE. Hu, H. and Luo, Z., 2021, October. Intelligent Internet of Things Analysis Technology for Intelligent Operation and Maintenance Images of Substation. In2021 IEEE International Conference on Data Science and Computer Application (ICDSCA)(pp. 815-820). IEEE. Jian, H., Wang, C. and Jiang, X., 2021, January. Integrated Operation Mode of Warehousing and Distribution in the O2O Environment. InThe International Conference on Artificial Intelligence and Logistics Engineering(pp. 161- 170). Springer, Cham. Kefalas, S., 2019. Developing a Multi-channel Customer Relationship Management Strategy for Hotel Operation. InStrategic Innovative Marketing and Tourism(pp. 21-29). Springer, Cham. Konert, F.A.A. and Balcerzak, B.T., 2021, June. Legal and ethical aspects of rules for the operation of autonomous unmanned aircraft with artificial intelligence. In2021 International Conference on Unmanned Aircraft Systems (ICUAS)(pp. 602-609). IEEE. Medhekar, A., 2019. Role, Rules, and Regulations for Global Medical Tourism Facilitators. InHandbook of Research on International Travel Agency and Tour Operation Management(pp. 81-100). IGI Global. Mishra, P.C. and Mohanty, M.K., 2020. A review of factors affecting mining operation.World Journal of Engineering,17(3). pp.457-472. Pan, L., 2021, July. Analysis of Logistics Management Mode and Operation Process in The Era of Internet of Things. In2021 International Conference on Education, Information Management and Service Science (EIMSS)(pp. 417- 420). IEEE. SLAMA, S.A.B., Household Energy Management System: Mutual Vehicle-to-Home Operation with home distributed photovoltaic power generation. Xilin, J.I.A.N.G. and Tao, Q.I.N., 2018. Analysis and Optimizing Suggestions on Operation and Management Mechanism of National Reserve Forest.FOREST RESOURCES WANAGEMENT, (5), p.8. Yap, and et.al., 2018 An examination of operation room management at a Malaysian public hospital.Global Business and Organizational Excellence,37(3), pp.33-42. 9
Yixuan, W., 2021, December. Design of intelligent operation and maintenance applet using Wechaplatform. In2021 IEEE Conference on Telecommunications, Optics and Computer Science (TOCS)(pp. 605-608). IEEE. Zhang, J., Zhao, H. and Guo, Z., 2022. Fuzzy gray clustering evaluation of green building operation effect: a case study of Shenzhen Bay One, China.Kybernetes, (ahead-of-print). Zhuang, Z., Qu, L. and Li, X., 2020. Optimal operation of grid-connected microgrid based on particle swarm optimization. InDevelopments of Artificial Intelligence Technologies in Computation and Robotics: Proceedings of the 14th International FLINS Conference (FLINS 2020)(pp. 1350-1358). 10
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Table of Content Part 2: Project Portfolio Project Titlep An overview of the case study you have been givenp An explanation of each stage of the PLC that applies to your selected project, including supporting documentation for each stage (e.g., business case, the project plan, cost-benefit analysis and work breakdown structure): Project initiationp Project planningp Project executionp Project closurep Analysis of the project methodologies and tools usedp Review and critically evaluate the effectiveness of the PLC in application to your project using the appropriate theories models and conceptsp 11
Project Title This project title is relay on to available the food services with in the company site and it includes the 1250 staffs of the enterprise. This report will helps to resolve the issues of the regular attendance of the workforce and to reduce the disturbance which happens when staffs is moving in the office area irregularly. An overview of the case study you have been given In this project the case study is about the improves the productivity of the 1250 employees. The company has hired the staffs which comprises the workers working on the onsite and off site. At present there is no facility of onsite catering. The main purpose of the company is to mitigate the nonstop movement of the staffs in the lunch time because it will have impact on the workers to attain the targets. Through this the production capacity of the organization will suffer as the staffs take time in lunch and the idle working hours will increase. Employees will daily consume the food from the outside and this junk food will have severe effect on the health of the workers. The employees will fall sick and the absenteeism of the workforce will rise. Thus, the organization will frame new norms, ideas and concepts to cope with this difficult situation. It will reduce the labor turnover ration and maintain the stability of the employees(Liu, and Qiu, 2020) An explanation of each stage of the PLC that applies to your selected project, including supporting documentation for each stage (e.g., business case, the project plan, cost- benefit analysis and work breakdown structure): Project initiation Itis the starting step in the project life cycle. It denotes the all the policies which is to followed by the project manager and it shows whether it provides benefits or not. It helps to pitch the funds from the investors by presenting their project reports plan to the stakeholders. This will give clear indication to stakeholders that how the project will succeed in the long term. Efficient project management aids to derive the maximum advantage to the company and helps in reducing the cost. Thus this will aids the organization to transfer the value to the consumers. It is most crucial step of the project life cycle in which company prepare the plan for all the tasks and activities to be carried out in the future(Wei, and Yang, 2018) Project planning It is the sequence steps of the expenses, scope and time frame of the project. It mention the tasks and the plans will be requisite and what are the resources required and the sources of raising the finance. Perfect project planning helps to facesthe risk and prepare the emergency plan to deal with the uncertain situation.The budget of every division is prepared to evaluate the cost and to reduce the redundant 12
expenses. Company measure the risk by using the qualitative or qualitative tools. In this organization use the work break down structure method to apportion the work in to small tasks. Accurate project planning can predict the future difficultiesbefore they arise and develop creativity for the successful execution of idea. Project execution Company has to consider all the elements like risk taking factors, necessary resources which provides the suretyof successfully launching of the project. In this the company has to assesses the pros and cons of the project which denotes the prosperity or failure of the project and it should be executed at the utmost care manner.Thusitisessentialfortheeverycompanytotakecaretheevery determinants of the plan, Methods and the chances to avail the canteen benefits to the staffs and maintain the hygiene safety among them. It means all the work should be done with coordinated efforts, maintain team unity among the staffs, complete the deadlines and attain the targets. It is compulsory for the organization to track the activities on the daily basis , every month or annually basis. It means to compare the budgeted performance against with the actual performance and find out the reasons if there is any difference on performance(Dajani, 2020). Project closure It means to discuss or compare the outcomes of the project or the budgeted figures to the shareholders of the organization. In this step, stakeholders of the enterprise assess that company is able to fulfill its promises than it is the indicator of successful plan implementation. In the context of the case study the plan we regards as successfuliftheorganizationcanabletocontrolonthemovementsofthe employees in the work place premises. The organization have to continuously check or monitor the employees activities and prepare a record of their tasks. It can reduce the labor turnover ratio and maintain the consistency of employers and provide healthy working environment to its staffs(Meng, Tang, and Yuan, 2021). Analysis of the project methodologies and tools used Project Methodologies:It is the method which consists of the principles and rules thatprovidessupporttotheorganizationforsmoothlyconductingtheproject operations. In the process of project life cycle the methods used in the project are : Waterfall method:It is the most oldest method used in the company. This tool is used in the construction or manufacturing reports because it involve high costs and time. In this the stages of the method flows indownward manner. In this the next activity start after the ending of the first phase of the project. It is a linear method and has make up with the fours stages like design, requirement, execution, confirmation and maintenance. It helps to measure the end company objectives in quick way. It concentrates on the specific objectives or determined the clear set of targets. The total expenses of the project can easily calculated and can attain the targets with in the time frame.This tool is very simple and easy to use and it used by the small companies. It is simple to manage the activities due to the inflexibility of the method. It is very fast method to accomplish the activities in smoothly way(Ding, 2020). Critical path method:It is the tool which is used to give the importance to main tasks and activities. In this the company decides the priority of the tasks, assign the 13
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
duties and the roles to the team, analyses the risk and apportion the resources efficiently. This method helps to achieve the deadline with in the time frame. It is the systematic process of the critical tasks and to follow the shortest path to meet the target. It is relay on this fact that company can not start the new task until the completion of the previous task. It includes the several factors like the database of the all activities, time of activities, the relation between the two tasks and the final point of the activity. It is the breakdown of the larger tasks in to the smaller activities which helps in the specialization of activity(Kelio, and Upadhyaya, 2021). Project Tools: It is a structure of the software which helps to prepare the project, monitor and tack the status of the project. The organization has used the network diagrams,theprojectappraisalreviewtechniqueandtheprojectmanagement methods. These methods aids the enterprise to keep an proper measurement on the plan and to find out the any changes if required. It aids to find out the deviations between the standard and the actual performance. It helps to look out the areas that the project has show the inaccuracy and has to takeall the essential steps by utilizing the tools of the project. Review and critically evaluate the effectiveness of the PLC in application to your project using the appropriate theories models and concepts Project life cycle determine the steps of the tasks to be achieved to gain the maximum advantage from the project. It has a beginning point or the ending point. It is the grouping of all the activities that has to be followed by the manager of the project to initiate or complete the project during the given period of time. This help in the casestudy of providingthe onsitecatering benefits to the workers of the organization. It focuses on the hygiene criteria and the healthy lifestyle of them. The company purpose is to enhance the productivity by restricting the employees for unnecessary walking in the outside premises. The organization has used the two project methodologies like waterfall or critical path methodto finish the task in easy manner. This guides to concentrates on the main tasks and abide the shortest route to attain the objectives. It helps to finish the task and activities in sequence wise and the next activity will start when the first activity has taken place(Denkler, 2019). References Liu, D. and Qiu, Z., 2020. The Coding Technology of Operation and Management Risk Characteristics Based on the In-Depth Learning. InData Processing Techniques and Applications for Cyber-Physical Systems (DPTA 2019)(pp. 1661-1671). Springer, Singapore. Wei, L. and Yang, S., 2018, December. Based On Big Data Technology Analysis On The Mode And Countermeasures Of Smart City Construction Operation Management. In2018 3rd International Conference on Smart City and Systems Engineering (ICSCSE)(pp. 184-186). IEEE. Dajani, I.K.Z., 2020. Disclosable Version of the ISR-Emergency Operation for Development-P155732-Sequence No: 10. 14
Ding, K, 2020. Architecture, Operation and Implementation for Blockchain-Driven Turnkey Project Under I4. 0 Workshop Based on Rami 4.0. In0 Workshop Based on Rami(Vol. 4). Kelio, M.R. and Upadhyaya, C., 2021. Reservoir Operation Optimization for Dzuza Multipurpose Project in Nagaland Using Chance Constraint Linear Programming.ADBU Journal of Engineering Technology,10. Denkler, T., 2019. Presentation at AVIC-Workshop-Analysis of the operation of accreditation bodies in Europe. Meng, Z., Tang, T., and Yuan, L., 2021. Analysis of ATO System Operation Scenarios Based on UPPAAL and the Operational Design Domain. Electronics 2021, 10, 503. 15