This presentation provides an overview of management and operations, focusing on key operational functions, approaches, and the impact of external factors on business. It also explores ways to improve operational efficiency, with insights from Toyota Motor Corporation as a case study.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
UNIT 4- MANAGEMENT AND OPERATIONS
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENT Introduction Introduction of operation of company Key operational function Operational approaches Impact of external factors on business Improving operational efficiency Conclusion Recommendation References
INTRODUCTION Operational management is the process which is concern with designingandcontrollingvarietyoftheoperationofthe business, such as production and operational of the business The presentation will outline the different operation function of the company and the key operational functions performed by the company.
INTRODUCTION TO OPERATIONS OF COMPANY Toyota Motor Corporation is a Japanese multinational automotive manufacturer. Headquartered in Toyota, Aichi, Japan. In 2017, Toyota's corporate structure consisted of 364,445 employees worldwide and, as of December 2019, Toyota is tenth-largest company in the world by revenue.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
KEY OPERATIONAL FUNCTIONS As Toyota used to dealt in the heavily competitive market and being operating in the market from the last many years there are many operational function which is performed by the organization. Some of the key operational function of Toyota is as follows:
KEY OPERATIONAL APPROACHES TO OPERATION MANAGEMENT Total Quality Management:It is operational management approach which looks at continuously looking at the defect which is present at the time of the production at the organization. TQM is the structural approach in which the organization used to focus on the quality of the organization output by changing or improving the internal practices of the organization.
IMPACT OF EXTERNAL FACTORS ON BUISNESS There are many external factor which used to affects the decision making of leader and manager in the organization. External factor are the factor which used to affect the organization from outside operation of the business.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
IMPROVEMENT OF OPERATIONAL EFFICIENCIES There are many ways through which the operational management can be improved in the organization some of the ways are as follows: Training and development Scheduling and planning Clarity of order
CONCLUSION AND RECOMMENDATIONS After going through the task 2 it can be recommended that Toyota has to make sure that they are adopting the TQM approach in the organization. It will help the company in continues improvement as Toyota is well known for the quality of product offer by the company. Also as organization has seen the issue of quality in recent past it will also help the company in overcoming the same.
REFERENCES Bai, W. and Geng, W., 2015. Research on operation management under the environment of cloud computing data center. International Journal of Database Theory and Application. 8(2). pp.185-192. Desai, K., Makwana, R. and Verma, J.P., 2017. A Mobile based Solution for School Management and Operation. International Journal of Advanced Research in Computer Science. 8(5). Ding, Y., 2019. Risk management in operation and maintenance for offshore wind farm. Irodov, V.F. and Chernoivan, A.A., 2016. Parametric identification of water heating systems for project management during operation. Construction, materials science, mechanical engineering. (92). pp.62-66.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.