logo

Operational Management Principles and Project Management INTRODUCTION

   

Added on  2020-10-05

14 Pages3827 Words283 Views
Operations andProject Management
Operational Management Principles and Project Management INTRODUCTION_1
Table of ContentsINTRODUCTION...........................................................................................................................1P.1. Conducting a review and critique the implementing of operation management principle ofM&S Ltd.....................................................................................................................................1P.2. Preparing a continuous improvement plan that is based on the review and critique ofoperational management principles.............................................................................................3P.3. Applying each stage of PLC to a given project, producing necessary documentation forcompleting the project.................................................................................................................5P.4. Reviewing the effectiveness of the PLC for the new product using theories, concept andmodels.........................................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Operational Management Principles and Project Management INTRODUCTION_2
INTRODUCTIONIn the competitive business world, an organisation needs to continuously grow andexpends its operations in different fields. In order to expand the operations and product-line, it isvery essential for any organisation to have efficient operations and project management. Thoughthis two terms are different, but they are an essential part in the production and operation systemof a country. It can be said that, operational management is concerned with the day to dayoperations as well as the strategic business issues systematically. Whereas, project managementcan be termed as the system which implicates the management principles in the productionsystem of the company. Operations and principle management is very essential in order to carryout a new product line in organisation. The present report will highlight different aspects of the operational and productmanagement for the new product-line of Marks and Spencer Limited. It is a major Britishmultinational retailer headquarter in Westminster, London. The present report will assist inunderstanding the different theories and concepts in organisation. It will also discuss theeffectiveness of the continuous development plan by using the principles of organisation. Reportwill assist in providing a deep insight of product life cycle of the new project. Further, report willanalyse the effectiveness of appropriate theories, concepts and model in PLC.P.1. Conducting a review and critique the implementing of operation management principle ofM&S Ltd.Operational management can be termed as the administration of business practices whichassist in creating the highest level of efficiency in the organisational processes. Operationalmanagement concerns with converting the material and labour force in order to produce thefinished goods in most efficient manner which assist in maximising the profitability bymaintaining the cost of the operations (Slack and Brandon-Jones, 2018). The main functions ofoperation management are mainly concerns with proper planning, organising and supervising inthe context of production, manufacturing a product ion M&S Ltd.In the different theories and principles of operational management assist in bringingefficiency in the operational process and overall efficiency in M&S Ltd. It can be said that, theimplementation of operational management principles in the organisational process will assist in1
Operational Management Principles and Project Management INTRODUCTION_3
bringing the effectiveness in the operational functions of the company. The different theoriesprinciples of operational management are as follows:Six Sigma Methodology: it can be defined as the quality program which will assist inefficiently completing the operations process in more cost-effective manner and improving thecustomer satisfaction which leads to the growth and success of the organisation. Six Sigmamethodology in a simple terms can be said as the measure which will assist in ensuring thequality of the process (WHAT IS SIX SIGMA? , 2019). It is a data driven and statistical approachand methodology in order to eliminate all defects from the process that involves frommanufacturing to finished product or goods. The fundamental objective of such methodologyinvolves the implementing of a manufacturing based strategy which are focuses on processimprovement and eliminating waste activity. There are two main sub-mythological programs ofSix sigma like DMAIC process and DMADV process. In order to expand the new product lined of M&S Ltd, I is very essential to implement asystem which will assist in maintain the cost-run and bringing the efficiency in order to increasesthe customer satisfaction. By implementing the six sigma mythology, M&S Ltd can improveefficiency through identification and resolution of product and minimize the variation (Rejda,2011). Six sigma will assist in reduction in process cycle time, increase customer satisfaction,reduce the numbers of defects, eliminate the costly reworks. However, it can be critique that,implementing the six sigma process in operational process will also lead to increase the rigidityand bureaucracy which can leads to create delaying and will stifle creativity. It can also becritique that, it mainly focuses on customer satisfaction which leads to affect the internal qualitycontrol measures.Lean principles: It can be said that lean management is an approach of the organisationwhich assist in supporting the concept of continuous improvement. Lean management is theprocess which assist in eliminating any waste of time, efforts or money by identifying each of thesteps in a business process and through cutting those steps in order to create the value of theoperational process of the organisation (Wisner, Tan and Leong, 2014). It is said to be the mostimportant philosophy in the manufacturing organisation. It can be said that lean is the customercentric methodology which assist in focusing on improving the operational process on thecontinuous basis. Lean management and its principle mainly concentrate minimising the waste2
Operational Management Principles and Project Management INTRODUCTION_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Operational & Project Management
|17
|4253
|168

Operations and Project Management: Review and Critique of Implementation of Operations Management Principles and Evaluation of PLC Effectiveness
|17
|4455
|157

Operations & Project Management Assignment : M&S
|16
|4772
|38

Operations & Project Management Assignment - Marks and Spencer
|18
|4650
|338

UNIT 16: OPERATIONS AND PROJECT MANAGEMENT - Assignment
|14
|3851
|416

Operations and Project Management -PDF
|19
|5295
|271