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Introduction to Operations Management and Logistics Management Introduction to Operations, Logistics and Supply Chain Management

   

Added on  2021-02-20

12 Pages3240 Words130 Views
Understanding Operations,Logistics and Supply ChainManagement

Table of ContentsIntroduction to Operations Management and logistics management...............................................1Introduction to the company............................................................................................................1Two selected areas of Operation and supply chain management....................................................2Corresponding theories and concepts (First choice)........................................................................2Corresponding theories and concepts (Second choice)...................................................................4Triple bottom line............................................................................................................................6Recommendation.............................................................................................................................7CONCLUSION................................................................................................................................8REFERENCE...................................................................................................................................9

Introduction to Operations Management and logistics managementOperation management refers to the business administration practices in order to developpossibilities of higher level efficiency within the company. Along with it is the process ofcontrolling, designing and formulating the business operation during the manufacturing ofproduct and services. It manage entire production system in companies like labour, raw material,energy etc. on the basis of this companies can get appropriate output and results in an effectivemanner. Wherein, Supply chain management is a process of maintaining flow of goods andservices that mainly includes raw material storage, work in progress inventories ortransportation. Therefore, operation management consist different types of process design,quality management, facilities, planning and production planning. With the help of thisorganisations can analyse their present situation and find better solutions in order to improvetheir effectiveness. On the other hand Logistics briefly explain about organisations and executeson complicated operations (Christopher, 2016). Logistics generally known as the management ofvarious things between the starting and ending point to meet consumers wants and needs. It isone of the best resource for companies which generally involves in machine, equipments,materials, supplies and so on. In other words, logistics refers to the process of managing like howresources can be used and stored as well as transported to their specified destination. Themanagement of logistics involves to analysing prospective allocator and suppliers or identifyingtheir accessibility or effectiveness in a proper way. Introduction to the companyFor this respective assignment Toyota has been selected as an organisation which is veryfamous company across the globe because it has higher quality of manufactured cars and havetheir business operations globally and this company has lots of valuable customers around theworld. It was formed in the year of 1937 by KIICHIRO Toyoda and it is headquartered in Toyotacity, AICHI, Japan. Instead of this Toyota also offer financial services by its own division thatnamed as Toyota Financial Services (Heizer, Render and Munson, 2017). Along with its providethis service all over the world in order to achieve their target and satisfying customer's aspects.Therefore, products of Toyota are very high on demand globally. On the basis of this good willthis company can increase their selling and production process to achieve their goals properly. In1

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