Management and Operations

This presentation discusses the key approaches to operations management in Corus Plc Ltd, including just-in-time inventory, total quality management, and the Six-Sigma approach. It highlights the importance and value of operations management in maximizing profit and reducing costs. The presentation also emphasizes the need for waste reduction and innovation in operations management.

Management and Operations
P4 and P5

Introduction
 Management and operations can be explained as the business activity
which design and control the process of production within the business
organisation.
 It I is necessary because it directly helps to maximise the percentage of
profit. In context of the file, the chosen organisation is Corus Plc Ltd
which is one of the British organisation.

Key Approaches To Operations Management
 Some of the key approaches to operation management within Corus has
been discussed below:
 Just-in-time Inventory
 Total quality management
 Six-Sigma approach

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 It is important for business organisation to distribute qualitative product
within the market and for that it is necessary to use different types of key
approach within the operation department. Here, major role is always
played by leader and manager of the company.

Just-in-time Inventory
 It is one of the most key approach where
company manufactures any of the product only as
per requirement of consumer.
 In context of Corus, their manager can apply just-
in-time inventory because it will help them to
reduce unnecessary wastage and even it will help
them to reduce overall cost of production through
which profit can be maximised.

Total quality management
 It is the approach which is helpful
for any of the business
organisation because it helps to
deliver the quality of product
which is required by customers.

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 In terms of Corus, their manager is needed to produce the product which can meet out the
target of consumers.
 Even it helps to develop the brand image of company in market which helps to meet out
the mission of a company.

Six-Sigma approach
 In this approach, manager of Corus is required to focus that how they can
reduce the percentage of errors from the product which they manufacture.
 It will directly help to improve the quality of a product which can be offer
to customer. In short, it will helps Corus to improve their performance.

Importance And Value Of Operations
Management
 Operation management is one of the most important department of any of
the business organisation because it helps to decide whether company will
earn profit or not.
 In context of Corus, operations management is very crucial for them
because directly helps to maximise their profit.

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 For the purpose of attaining the objective of company, manager is required
to concentrate on different operational management activity and they are:
 Waste Reduction
 Innovation and Improvement

Waste Reduction
 It is one of the common problem which is being seen within the company
like Corus and it is the reason the production cost of any product is
increasing.
 In order to reduce overall cost of any product, manager need to implement
Just-in-time Approach.

Innovation and Improvement
 Whenever any of the organisation is being
commenced, it is necessary for them to
innovate new ideas and concept through
which working condition can become
easier and faster.

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 In context of Corus, continuous improvement and innovation can help the
manager because they can be able to perform any of the work in best
possible manner.
 As quality of product will also improve in it due to which company can be
able to built strong brand image within the market. This will automatically
increase the profitability ratio of company.

Conclusion
 It is concluded from the above file that management and operation is one
of the most concept for any of the business organisation.
 There are different types of theories which can be used by leaders through
which operational activities can be conducted be suitable manner.
 In order to maximise the profit of a company they can use operational
management as it helps to minimise unnecessary cost.

References
• Suarez-Barraza, M. F., Miguel-Davila, J. Á. and Vasquez-García, C. F., 2016. Supply
chain value stream mapping: a new tool of operation management. International
Journal of Quality & Reliability Management. 33(4). pp.518-534.
• Ulewicz, R., 2016. Quality Management System operation in the woodworking
industry. Path forward for wood products: A global perspective, proceedings of
scientific papers, pp.51-56.