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(PDF)Operation and Project Management of XYZ Company - Tasks[Solved]

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Added on  2020-10-23

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The present case study has been conducted on,  XYZ Company which engage in the process of manufacturing, marketing, and selling home appliances such as fridge and freezers, gas and electric cookers,  washing machines, and electric fans.  In a recent scenario, the company is looking forward to entering into the large-screen television market by producing 58 inches sets. In regard to this, discussions have been made on, the implementation of operational management principles in  XYZ  Company along with a continuous improvement plan. In addition to this, the Stages and effectiveness of  PLC are included in this report.
 

(PDF)Operation and Project Management of XYZ Company - Tasks[Solved]

   Added on 2020-10-23

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Operation and ProjectManagement
(PDF)Operation and Project Management of XYZ Company - Tasks[Solved]_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Review and critique on implementation of operations management principles within anorganisational context.............................................................................................................3TASK 2............................................................................................................................................7P2 Continuous improvement plan based on review and critique of operations managementprinciples within organisational structure of XYZ Company ...............................................7TASK 3..........................................................................................................................................10P3 Apply PLC to a given project for producing necessary supporting documentation forcompletion of project............................................................................................................10TASK 4..........................................................................................................................................16P4 Review on effectiveness of PLC in application to the chosen project by applyingappropriate theories, models,concept...................................................................................16CONCLUSION .............................................................................................................................17REFERENCES..............................................................................................................................18
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INTRODUCTIONOperation management is a systematic process that deals with day-to-day businessactivities of an organisation that include manufacturing, accounting, quality management,inventory control and demand forecasting (Binder, 2016). Operations include on-going andrepetitive organisational functions whereas, project are mainly defined as temporary task that isinitiated by a company for a special purpose in order to meet a specific business need as to fulfilmarket and consumer demand. In simple terms, operation management is an effective executionand formal planning so to execute routine work on the other hand project management includesplanning and carrying out of non routine work. Present case study has been conducted on, XYZCompany company that engage in the process of manufacturing, marketing and selling of homeappliances such as fridge and freezers, gas and electric cookers, washing machines and electricfans. In recent scenario, company is looking forward to enter into large screen television marketby producing 58 inches set. Along with this, XYZ Company production will cover selling of thisnew product stadium screen to parks and stadium. In regard to this, discussions has been madeon, implementation of operational management principle in XYZ Company along withcontinuous improvement plan. In addition with this, Stages and effectiveness of PLC areincluded in this report. TASK 1P1 Review and critique on implementation of operations management principles within anorganisational context.Operations management is a quite vast subject which focus on forming plans and policiesthat help in completion of projects within a specified time frame (Galloway and Azhashemi,2012). It is a process that focusses on supervising business activities that help in completion ofprojects and achieving profitability as well. Furthermore, it has also been observed that main aimof using this process is to manufacture high quality goods and services by concerting rawmaterials into finished goods and services as well. Project management on the other hand refersto a process which deals with application of various methods, processes , skills and expertise soas to effectively achieve objectives of a business as well. There are a number of principles basedon project management that ensure effective functionality of business. In context with present
(PDF)Operation and Project Management of XYZ Company - Tasks[Solved]_3
organisation i.e. XYZ Company, it deals in electronic market and offer a variety of products likewashing machine, juicer and more. But in order to gain high competitive advantage, it is going toenter into television market by launching TV with 58 inches and highly new features like remotesensing, dolby vision HDR, 4k ultra HD and more. Therefore, for this purpose of new productdevelopment, its operational managers need to follow given principles:- Principles of Operation management: There are a number of principles that should be followedby a business concern so as to maintain effectiveness. Hence in context of XYZ Companystrategies followed by its managers have been mentioned as under:Principles of Reality:As per this principle, operational and project managers should always focus on the basicissue and not divert their attention by finding techniques by which the issue has been arisen. Thisis due to a basic reason that no tools and techniques will be able to provide a 100% effectivesolution to the issue. In context of XYZ Company it has been observed that its managers identifyneeds and requirements of their customers before launching a new product or service in themarket. In present day situation, goods or products provided by them are freezers, refrigerators,air conditioners etc. Principle of Organisation:As per this principle of project management all processes that are a part of production ormanufacturing are inter related . Hence in this context, managers will have to predict all essentialelements so as to achieve high amount of profits (Nicholas, 2017). In context of XYZ Company,it has been examined that managers will have to focus on appropriate placement of parts of theirupcoming television. Both the software and hardware will need to placed interlinked to eachother to ensure effective and better functionality as well. Principles of fundamentals:It is an essential part of project management which states that a company can receive anestimated of 80 percent success if managers of a business follow a strict and discipline code ofconduct in their organisational functioning. Apart from this, the left 20 percent can be achievedonly if new and innovative techniques are used for accomplishing various business projects.Hence to be effective and efficient in their approach, managers of XYZ Company will furtherhave to consider both the aspects in appropriate combination so as to maintain a sustainablemarket position. For this they will need to maintain effective strategies.
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