This report discusses the principles of operations management and project management in Dyson Ltd. It also explores the implementation of six sigma methodologies and lean principles in the organization.
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UNIT -16 (Operations and Project Management)
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Table of Contents INTRODUCTION.......................................................................................................................................3 PART-1.......................................................................................................................................................3 Introduction of chosen organisation.........................................................................................................3 Explanation of operation vs operations management...............................................................................3 Review and critique of implementation of operations management principles in chosen organisation and related these to six sigma methodologies and lean principles...........................................................4 Extent by which operations management of venture can accomplishes their requirements.....................5 Analyse the extent of operation management with appropriate theories, concepts or models..................6 Prepare continuous improvement plan based on review and critique of operations management principles within organisation..................................................................................................................7 Continuous improvement principles make at least two justified recommendation that would improve the operations and functions....................................................................................................................9 PART-2.......................................................................................................................................................9 An overview of MFI project....................................................................................................................9 Project life cycle....................................................................................................................................10 A business case......................................................................................................................................11 Project plan............................................................................................................................................12 Prepare a work breakdown structure for developing a new product......................................................13 Provide the conceptual arguments to justify the use of project methodologies tools and leadership required within the given project...........................................................................................................14 Critique and review of PLC in project application by using effective concepts and models..................14 CONCLUSION.........................................................................................................................................15 REFERENCES..........................................................................................................................................17
INTRODUCTION Operations management refers to the process of day-to-day activities that take systematic decisions to achieve the target and solve the business issues effectively. It is a management of all company policies to enhance the highest level of proficiency and productivity within the organisation. This management tool can convert the labor and raw material into a valuable goods and services to earn maximum revenues in the enterprise. Project management refers to the planning, initiating, executing, controlling and completion of task to achieve the specific objectives and meet the desired outcomes in a set time period. The main aim of this is to accomplish the target in a specific time. This report is based on the Dyson Ltd. that is one of the British based company in UK and it delas in designing and manufacturing the vacuum cleaners, air purifiers, hand dryers, hair dryers, lights, bladeless and fans. In 2019 they start their production in Malaysia and Singapore. Further in coming year they expand their business in many other locations of European and American market. this project is cover the topics related to the principles of operations management and also six sigma and lean principle and their preparation to plan for continuous improvement by using operations management principles. It also involves the project life cycle with required documentation and business case that is helpful in achieving the success in the life of the business. In last it explains the PLC analysis by using various model, theories or concepts(Meredith, Mantel Jr and Shafer, 2017). PART-1 Introduction of chosen organisation Dyson is one of the famous companies in the British market headquartered in Wiltshire, England since 1991. It designs and manufacturing the various household appliances that is useful to the customers. the company deals in the different types of product like vacuum cleaner, air purifiers, hair dryer, heaters, fans, lights and bladeless fane and many more. In 2019 they think to start their production in Singapore where they build a plant of manufacturing the electric vehicles. Recently organisation thinks to expand their market in the other cities of European and American market with their manufacturing plant so that they earn large amount of profits with reducing cost of production(Nicholas and Steyn, 2017). Explanation of operation vs operations management BasisOperationsOperations management MeaningIt refers to procedure, policies, equipments and other collectivity It refers to the regular business activitiesthatincludeoverall
that is useful to add the value in the inputs and provides a high and efficient quality products and servicestotheuser.Inthis company thinks strategically to organize the whole system within theenterprise(Maylor,Turner and Murray-Webster 2015). manufacturingstructurethat provides the finished goods by converting the raw material and labor of the company. it helps in earningthehighprofitsand revenues and also longer survival in the marketplace. It helps in controlling and redesigning the process and system so that inputs can be turn into outputs in an effective way. ExampleInthisDysoncompanyonly attainthegoalsthatare completedinanappropriate manner. In Dyson, this term is useful to converting the raw material into the finished goods so that they earn the high profits and returns in the market. Review and critique of implementation of operations management principles in chosen organisation and related these to six sigma methodologies and lean principles Operationmanagementinvolvesthevariousframeworkslikeplanning,organizingand supervising all the activities to make essential improvements for earning higher profits. It can support the overall and regular business operations and that helps in completing the strategic goals. It includes the various principles of operations management that is helpful in arranging all the inputs in an effective way that is used in manufacturing process. In context of Dyson these principle of operation management helps in managing the manufacturing process that it should be established in the other European and American market. In this supply chain management, designing and the logistics play an important role in the operations for them. Some of the major principles are explained below(Kidd, 2020). Reality –In this principle of operation Management Company should focus on the issue rather than their techniques because no problem and tool can present a universal solution. Because of this it is very essential to focus on the problem solving instead of tools and techniques, if the problem is solved tools can be work properly.In Dyson the major problem is faced by them is designing of goods and services and which techniques they used. In this they focus on the customer demand rather than their techniques. For this they regularly research the market,
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forecasting, and trends. To research the market organisation hire a candidates that has effective communicationskills.Thisresearchtoolisbeneficialandprovedtobesuitableforthe enterprise(Otsuki, Akiyoshi and Samejima, 2017). Organization-In this stage everything in the operations are interconnected and there elements are consistent and predictable to earns a higher profits and efficiency in the business enterprise. In this Dyson could use the various creative and advanced machineries in the process of organizing the supply chain and their logistics. To distribute the outputs by supply chain management and logistics organisation could use the hybrid vehicles that are trending in the market place. In this process firm will face many monetary issues and because of this it is not suitable for the venture. Fundamentals –In this company follow the rule related to Pareto rule that means 80% of success comes from the strict problems and for this firm maintain the proper record and discipline and rest 20% achieve by applying the new techniques in the activities. In this Dyson use the advanced techniques and designs in their products this helps in longer sustainability in the market place. And because of this principle is suitable for the firm. Variance –It is the process of encouraging that shows if a company manages well that it is the source of innovation.In this case the cost which is required in the production and supply and chain management should be minimized.In this supply chain management ensures that the cost is used in an effective and efficient manner. In Dyson, they manage their equipments and other logistics in which company spend more. To manage and organize the whole logistics in the firm organisation can recruit and hire a skilled person. By hiring the new candidate venture may spend more cost on training and development so this principle is not much suitable for the firm. Change– it is an important principle that a company can follow in this change can be follow in logistics and supply chain departments. In this Dyson can includes the safely deliver the products to their consumers and the retailers so that they face no damage in the products. In this they make a deal with the transport company who transport the goods very safely and they reached their target market. For this they require the high investments and financial resources because of this it is not suitable for the venture(Fleming and Koppelman, 2016). Extent by which operations management of venture can accomplishes their requirements It is very important to analyse all the principles of operation management by Dyson because if these principles are not meeting the requirements than it is not beneficial to execute these applications in the firm. There are some reviews on the principles by Dyson that has been given below(Ghaffari and Emsley, 2015).
It is the first requirements for the Dyson to design and manufactures the products according to the research and development process. In this they need to take follow up with the customers so that they modify the products for this they need to research the whole market, customers that help in earning more profits and manage the supply chain management. So this reality principle can fulfill the requirements and it is beneficial for the company also. In organization principle of operation management company focus on maintains and organizes all the operations that is unbalanced due to supply chain and other equipments and machineries.It suggests that every business activities is facing some type of inconsistency and because of this there is a problem in executing this principles. In fundamental principle of operation management Dyson can require to follow the safety rules so that it enhances the employee’s performance and they manages the supply chain and logistics. In this they adopt the all safety and health standards due to this company earn high profits and sustainability as they give the innovative and creative ideas to manufacture the products. Due to this it is favorable to the organisation as they fulfill the requirements of firm. This issue that is faced by the Dyson is the more cost indulge in the operational activities related to training and development to the candidates. This problem is related to the variance principle of operation management where the cost is to be reduced but it does not get the cost efficiency results in the logistics and supply chain management. So use this principle is not beneficial for the company because it cannot fulfills the requirements related to elimination of cost. In this last principle of operation management Dyson can focus on safely delivering the products in this supply chain and logistics plays an important role. In this they apply various techniques that is used by the supply chain and logistics so that they adapts the change that shows the safe delivery process and this process is effectively meeting the requirements. Analyse the extent of operation management with appropriate theories, concepts or models For Dyson it is important to adopt the continuous improvement plan so the firm has to be modifying their various activities which is related to the delivering and supply chain management. In this continuous improvement plan is made to improve the performance in various activities and enhance the performance to give the effective output.In this company could adopt the lean methodology that is helpful in attaining the stability. In this it helps in minimizing the wastage that gives the efficiency and effectiveness to the business enterprise. Due to this enterprise may earn high revenues and enhances the market growth by using lean principles and it can be explained below(Ravinder and Kollikkathara, 2017). Defining the valueIt is the first principle that is used to recognize the products and services by the large customer base.
In this Dyson adopts the lean principle to enhance their consumers’ base so that they buy the goods and increase the sales due to this firm earns high profits(Sterman and et. al., 2015). Mapping value streamThisprincipleofleanmethodologyhelpfulin mapping the value to the offerings that is offers by the Dyson. In this it helps in improving the overall productiveness of the business so that it stay in the market for longer time period. Creating flowIn this principle Dyson can investigating the whole manufacturingprocessthatproducesthefinal goods so that if there is any hindrances is available this principle can solve this and eliminates it. Establishing a pullThis principle is helpful in giving the pull strategy in which company adopts the just in time approach duetothistheymanagesthetimeframein completion of the projects. It helps in achieving the task in a specified time period. Pursuing perfectionPursuing perfection is the best principle that shows theDysoncouldchoosethebestandadvance techniques in their manufacturing and distribution process. So that customers get the high quality products in a time without any damage. Due to this company earns high profits and market growth(Al- Nady and et. al., 2016). These principles help in reducing the cost and minimizing the wastage in the manufacturing of products and services. for Dyson it is very significant tool that helps in giving the high profits and revenues and also the longer sustainability in the market place with large loyal customer base. Prepare continuous improvement plan based on review and critique of operations management principles within organisation Continuous improvement plan refers to a set of activities that is designed to continuously improving the various goods, services, equipments, distribution and many other processes by regularly reviewing, measuring the functions within the firm. In context of Dyson to continuously improve the process it is
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very significant to use this plan so that targets can be achieved in an appropriate manner. This plan is shown below with reference of Dyson Company(Schwalbe, 2015). BasisCurrent methodologiesFuture methodologies Value or priceIn this basis variance principle is indulgewhichhelpsin minimizingthecostintheir various product line but it is not reducing the operational cost that is more important. InthisDysoncouldusethis principletoeliminatingor reducing the operational cost by implementing the modified and advancedtechnologyintheir logisticsthatwillindirectly reduce the workforce cost. That is more previously. DeliveryThis is involved in the change principlethatisnotinstalled successfully. In this tie up with otherfirmscontainsthelarge amountofmoneythatisnot beneficialforthecompany profits and revenues. InthisDysoncaninstallthe change in their internal business enterprise so that they enhance the productivity and also chose thecheapestmodeof transportation but the safest so goodscanbetransferredto differentlocationwithoutany breakagethishelpsinearning high profits. StandardItreferstothequalityofthe productsandservicesthatis offeredbythefirminthis company can use hybrid vehicle andadvancedtechnology machinesthatincludeshuge amount of cost which business cannot organize properly. Tomaintainandorganizethe qualityofproductstheycan investigate and analyse the whole supply chain unit by using just in time approach so that firm may enhance their performance in an appropriate manner. And due to this logistics of the company can perform well.
Continuous improvement principles make at least two justified recommendation that would improve the operations and functions There are various suggestions on improving the operations activities so that they give high profits to the Dyson and maintain their functions by regularly analyzing the functions by using continuous improvement plan. On this there is some recommendation for a company is given below(Reid and Sanders, 2015). The first recommendation is that Dyson could adopts the just in time approach that helps in managing the time in performing the activities in the operations related to the market research, distribution and manufacturing process. In this company can analyzing the customer demand and fulfils it so that they earns high profits and minimizes the overall cost that was indulge high previously in maintaining and storing the large amount of stock. Dyson choose the advanced and innovative technologies that is helpful in maintain the quality and quantity of the goods that is offers by them. It is very essential to use the advanced technology so that they stay in the market for longer term and earns high amount of profits. Using online website and internet to recruit the candidate that is useful in supply chain and logistics process and also hires the experienced person so that training and development cost cannot be involved high. PART-2 An overview of MFI project MFI is one of the leading manufacturing retail furniture companies in Europe having a 250 outlets in all over the United Kingdom and in the mainland of Europe. It can manufacture over 50 product portfolio that has included in the top brands name in all over the market. It can launch the strategies that are designed to focus direction that made clear transfer of information and execution of measurable initiatives. Here implementing process shows the culture, operational and physical change that is helpful in attracting the customers by giving those best services and this enhances the high profits and revenues and also fulfills the total requirements of every customer that is placed internally and externally. Company has both type of customers internal customers means employees that provide the quality and quantity products in the marketplace that is for external customers that are end user of the products or the retailers. The main aim of the firm is to earn high profits by maximizing the sales. It includes the various terms like that do not offer a good customer service so that they work on them by increasing their brand image in the market.To improve this company need to continuously improve the sales staff and their techniques of communication to the customers so that they earns high an=mount of profits. Analyzing the
competitors in the market helps in enhancing the standards of services from their rival firms this will increasing the profits and revenues to the company(Prasad and et. al., 2019). Project life cycle Project life cycle refers to the process that shows the sequence of starting to closure of the projects. The project life cycle has explains and modified according to the needs and wants of the projects activities so that they give high proficiency and productivity to the organisation. This cycle helps in managing the different type of projects that was indulge in the business enterprise. It includes four stage of this life cycle which involves the project initiation, project planning, project execution and project closure. In the background o MFI projects it is beneficial to accomplish the business goals and task within a time frame. It can be explained below(Reid and Sanders, 2019). Project initiation –It is the first stage from where the projects have to be start. It shows the overview of the whole projects and strategies that is helpful in attaining the desired results. In this MFI can recognize the problems that arise in the business enterprise and by using this step make a strategies to reduce or minimizes the issues so that they attracts the large number of customers and earns a high profits for this they place the action plan to solve the issue that create hindrance in earning profits. Project planning-It is the second stage of the project life cycle that gives the guidance for obtaining the resources, finance and required raw material. It also provides the team for maintaining the output, handling risk, communication benefits and managing suppliers. It is very important for the MFI employees to analyse all the guidance and strategies that is helpful till last stage of the project life cycle. For team members who handle the problems it is not possible to them to handle all the activities without having this step. To achieve and accomplishes the goals and objectives it is very important for the manager to make a best action plan so that all the problem related to customer services can be solved(Kerzner, 2019). Project execution-It is the third step that shows the execution of the project plan that was made earlier. This step is essential to satisfy the needs of the customers by providing high quality services so that company earns higher revenues. In this stage MFI notifies all the activities to reduce the employee turnover by motivates them so that they execute the plan for providing the high class services to the customers. in this stage they can follow various strategies to retain the customersliketakingfeedback,regularcommunicationetc.andalsoprovidethebest environment to their employees so that they give the positive outcomes. Project closure– It is the final stage of the project life cycle in this step all the functions and activities are to be completed and the goals of the task can be achieved in an effective manner and
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within a time period that is very important. It is the stage where whole project and the task can be evaluated by the company and if firm facing any problem in completing this than in future they take lesson because of this task can be done in an appropriate manner. In context of the MFI they can delivers the customers services by analyzing the competitors, taking feedbacks, doing communication etc. without any issue than they achieve the task and earns a higher profits and revenues. A business case Company overviewMFIisoneoftheleadingretailfurniture manufacturing organisation having 250 outlets in all over the united Kingdom and the mainland of Europe. Its total products portfolio includes the 50 which includes in the top most brand names in the countries of whole Europe. It develops the two strategybasedoncommunicationand implementation initiatives. Their main focus is to solvetheproblemrelatedtoprovidinggood services to their customers so that they enhance their sales and profits. they increase their brad imagebysatisfyingthecustomerdemandson time(Hazır, 2015). Vision and missionThe main vision and mission of the company is to increase the sales and profit margin that is main requirementforsustainability.Bycontinuous developmentandgainingthecompetitive advantage their increase their product portfolio and provides the healthy environment to the employees sothattheygiveeffectiveoutcomestothe company. Objectives of companyThemajorobjectiveoftheorganisationisto enhance the sales and profits by satisfying the target customers and providing the healthy working condition to the employees and taking the regular
feedbacks from internal and external customers to reduce the problems facing by the company(Serio and et. al., 2016). StrategyThe company is willing to make a strategy related tocommunicationandimplementationof measurable initiatives that helps in advancing the culture operational and physical change according to the day to day requirements of internal and external markets. Follow upIt is the last stage where all the step related to the action plan are to be examined so that strategies can be implemented by the firm in an effective manner and earns a high market share and longer sustainability in the market place. Project plan Project plan refers to a document that helps in establishing the objectives and defining the whole activities that is helpful in attaining them. It is an important process to manage the whole project that gives the effective outcomes in future terms. To accomplish the project in an effective manner there are various terms that is used by the manager of MFI are as follows(Cortés, Rodríguez and Franco, 2019). CostThe cost that is incurred in this project completion is estimate around £ 20,000 to £ 22,000. CommunicationCommunication is very important to complete the project in time. For MFI it is not possible for the project manager to achieve the task without proper and clear communication. It is very significant to communicate the information between employees andmanagersothattheytraintotacklethe customer queries and give them best services so that they attracts towards the company and firm earns high profits and revenues. ScopeIn this organisation need to solve the customer problem regarding poor services for this they need
to convey about the official website to write their feedback about the product and company. this helps in reducing the customer dissatisfaction regarding the poor services. this shows that the scope is too wide to solve the customers problem and increases the profits as a whole(Bari, 2018). Cost benefit analysis It refers to the process of analyzing the benefits of making decisions and actions taking deduct the cost associated with the actions. It contains the systematic approach that examines the strength and weaknesses of using alternative options that is provided for achieving the task while saving the cost. In the background of MFI the revenues can be examines by reducing and eliminating the cost that is incurred in satisfying the customers and their research process and getting the cost by attracting the customers so that they purchase the products and increases the sales. due to this company receives the money all this activities helps in examine and analyzing the cost benefits that a firm can enjoy and it shows the financial positions of an organisation(Davies and Brady, 2016). Prepare a work breakdown structure for developing a new product Work breakdown structure It refers to that structure in which activities and the work can be break down in different and various activities of projects and into a small sections so that task can be easily understand by the employees and goals can be achieved in a desired time and in an appropriate manner. In this MFI manager can divides the task into smaller sections and assigns to them to various employees as per their capability of doing so that it can be completed in time.As per the project life cycle plan they need to reduce the issue related to bad customer satisfaction for this they make to divide the work in smaller groups using the work breakdown chart.This chart is also helpful to encourage the employees for the good work because every task divided as per the ability and capability of each individual.It can be shown below so that task can be accomplished in an effective and efficient manner(Bakhshi, Ireland and Gorod, 2016).
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Provide the conceptual arguments to justify the use of project methodologies tools and leadership required within the given project Critical path method –It refers to that path that shows the whole distance from starting to end of the projects including different task and their durations. It is the simplest method that is used by the firm to notify their time indulges in completing the projects. In this all the activities are situated on a particulate place with their estimated time. For MFI it is very beneficial project methodology tool because it shows the starting time and finish time of the project which is very important for future projects. It will help in enhancing the performance because there is no blockage in performing the task in the company.This helps in solving the problem realted to the customer satisfaction and employee demotivation.It is very significant to maintain the life cycle of the project by using critical path method. Because, it helps in reduces the risk of lack of customer satisfaction because of bad services. It helps in train the employee by using proper path so that task can be achieved and fulfilled by the MFI.(Walker, 2015). Democratic leadership– to maintain and managing all activities within the company at the time of completion of project manager of a MFI could chose the democratic leadership style because it helps in enhancing the employees performance and their work and this will give the effective results to the company. Due to this every employee feel satisfied with their jobs and do their best for earning a higher profits. in this every staff members has the right to participate in decision making process and give their innovative suggestions which helps in accomplishing the task in an appropriate manner.
Critique and review of PLC in project application by using effective concepts and models To critically review the project life cycle MFI manager could use the waterfall model and it can beexplainedbelowthathelpsinenhancingtheperformanceandproductivityintheworking place(Rendon and Snider, 2019). Requirement -In this all the essential resources are analyzed by the manager of the MFI so that all the activities of the projects are perform in an appropriate manner. In this stage of the waterfall model organisation can make various strategies and plans as the company is focusing on satisfying the customers’ demands by providing them high quality services of this they could choose the six sigma applications because it enhances the value of the task and the goal.This helps in properly managing the whole task in the project life cycle related to the customer satisfaction and employee motivation. in this they can fulfill all the requirements to earn a high profits and market share. Design –In this stage principle related to the inventory management can be utilized so that cost can be minimized and wastage in resources also reduced. In this step different plans can be made to fulfill the activities and achieves the task and it is also helpful in earning high customer satisfaction by providing high quality products in a efficient and appropriate manner.This also connected to the project life cycle as it helps in optimally utilizing the resources so that productive work of the employees can deliver and also they get the high motivation by for achieving the task related to the customer satisfaction. Development -This stage of waterfall model shows the execution of the project in all the functions of the departments. In this organisation may use total quality management so that operation activities can be done properly and in a quality manner.In this firm may choose the democratic leadership style where there is the right to say anything related to the project completion. This type of leadership style helps in encouraging the employees for the good work and also retaining them within the company. it maintains the company atmospheres so that project can be completed in an appropriate manner and this gives the advantage to the whole enterprise(Whyte, Stasis and Lindkvist, 2016). Testing and maintenance-It is the last stage of the waterfall model that helps in examine all the steps that the activities are performing in a effective way or not. If manager of a company notice that there is requirement of any changes and alterations then it will be suggested to the employees so that they complete the task in that manner and gives the positive outcomes to the overall business enterprise.
CONCLUSION By using above research data and information it is to be concluded that operation and project management is a prominent term to accomplish the target in a time with effective management, control, initiating so that task can be fulfilled and gives the higher returns in desired time period. It also enhances the proficiency of organisation and productivity of individual employees to work their best to increase the market growth in the marketplace. These principles are helpful in manufacturing and production process so that it improving the operations in the enterprise and gives the best project in returns that provides the high profits. It suggest the continuous improvement plan of the operations management that enhances the profits and manufacturing process in a efficient and prominent manner. By using project life cycle it give the high extent efficiency to accomplishing the project and every operations unit within the business. It also enhance the knowledge related to the project life cycle including business case and various activities that is executed in the organisation to achieve and accomplish the whole objectives in a specified time with an appropriate manner so that they earn high retuns and longer survival in the competitive market(Hornstein, 2015).
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