An Analysis of Key Operational Management Approaches

This report delves into the core concepts of operations management, examining key approaches like total quality management, lean production, and just-in-time systems. It highlights the significance of these approaches in reducing waste, satisfying consumer needs, and effectively managing inventory. The report also discusses the importance of aligning operations management with organizational strategy to achieve business goals. Furthermore, it emphasizes the role of operational management in the context of real-world scenarios, such as the Proctor & Gamble, highlighting the practical application and benefits of these approaches. References from academic sources are included to support the analysis and provide a comprehensive understanding of the subject.

APPROCHES TO
OPERARTION
MANAGEMENT AND
ITS IMPORTANCE
Task 3

Covered Content
• Introduction
• Key Operational approaches
• The importance and value of operations
management
• Conclusion
• References

INTRODUCTION
Management and operations are the important functions of an
organisation and it helps to accomplish the work in effective
manner. In this presentation, there are following topics are
covered such as : key approaches of operations management and
its importance & value and factors that impact decisions making
by leaders and managers.

KEY OPERATIONAL APPROACHES
• Total quality management : This approach is based on the
quality management and control. It is important for an
organisation to produce quality products so that more number
of consumers can attract towards the company.

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Six sigma : This approach has
focused to remove the
errors and defects in
business operations so that
performance and efficiency
can be enhanced.

Continue…
• Lean production : This approach is focuses to remove the
wastage from production system which helps to improve the
quality of product and minimize the unnecessary expenses.
• Just in time : This approach has focuses to produce the goods
as per the demand of consumer without delayed in inventory.

The importance and value of operations
management
• Reduce wastage of resources : Operation management helps
to minimize the wastage..
• Satisfaction of consumer wants : Approaches of operation
management such as just in time can help to satisfy the needs
of consumers by proper utilising the available resources.

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• Inventory management : Inventory can be manage by
following the approach of operation management which is just
in time
• Support to organisational strategy : Operation management
provides help to support the organisational strategy because its
helps in planning, organising and controlling which is
beneficial for Proctor & Gamble to achieve its organisational
goal and objectives

CONCLUSION
From the above presentation , it has been concluded that
different key approaches help the corporation to achieve its
objectives. Environment factors analysis provides help the
organisation to protect its business from the negative impact of
this.

REFERENCES
Pundi, K. N., and et. al., 2015. 40-year follow-up after the Fontan
operation: long-term outcomes of 1,052 patients. Journal of the
American College of Cardiology. 66(15). pp.1700-1710.
Punyateera, J., and et. al., 2014. December. Study of service desk
for NEdNet using incident management (service operation) of
ITIL V. 3. In Signal and Information Processing Association
Annual Summit and Conference (APSIPA), 2014 Asia-Pacific
(pp. 1-6). IEEE.