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Understanding Operations, Logistics and Supply Chain Management Assignment

   

Added on  2020-07-23

10 Pages3241 Words73 Views
Understanding Operations, Logisticsand Supply Chain Management
Understanding Operations, Logistics and Supply Chain Management Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1Two important areas in managing operations, logistics and supply chain..................................2Critical review of relevant Operation, Logistics and Supply Chain Management theories........3Analytical discussion with relevant and similar examples.........................................................4Recommendation.........................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
Understanding Operations, Logistics and Supply Chain Management Assignment_2
INTRODUCTIONOperations management is concerned with administration of business practices for thepurpose of creating highest level of efficiency within an organisation. This involves severalprocesses to convert raw materials, labour, capital into finished goods or services to maximisethe profit of an organisation. In Operations management, people try to balance costs withrevenue to get net operating income. Manager acquires, develops and delivers goods tocustomers which are based on their needs and wants as well as the ability of company. It handlesvarious types of issues related to size of manufacturing plants. A critical function of operationsmanagement is managing inventory by supply chain (Alsafi and Vyatkin, 2010). It helps tounderstand the local as well as global trends, customer’s demand and the resources which areavailable. Also, it supports to approach in acquiring materials, labour and cost in effectivemanner for delivering customers’ services. Operations management also helps to measure the inventory level and finding vendorsthat supply appropriate goods at reasonable price as well as they should have an ability fordelivering products on time when needed. Logistics is a component of supply chain managementthat is used to fulfil customer's needs and wants through effective planning, control andimplementation of the storage and movements which are related to goods and services as well asinformation from origin to desired destination. Logistics management helps in reducing the costsor expenses and providing better customer services. Its process starts with inputs such as rawmaterials, man, machines, money and methods which convert into output and final stage ofdelivering goods to the destination. Logistics management includes numerous elements such asselecting appropriate vendors or suppliers, choosing effective routes and using software or ITresources for handling the entire process (Arbogast, 2012). So, management of logistics must berequired for ignoring certain issues. Supply chain is linked with the network of channels andbranches of business in combination of products and services. NHS is health care service centre which is situated in England as National HealthServices which is a social care provider and gives a lot of health assistance to the UK residentswhich started in 1948. Its headquartering is in London and it provides various health servicessuch as dental treatment in affordable price to the people. This organisation is workingindependently a concern for the government. In this assignment, it defines that how NHSmanaging and running its organisation and follows several theories of logistics, operations and1
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