Operations Management: Approaches, Principles, and Benefits Analysis

This presentation provides a comprehensive overview of operations management, detailing various approaches and their significance. It begins by defining operations management and its role in business, emphasizing the efficient transformation of inputs into outputs. The presentation then explores key approaches such as lean production, six sigma, and total quality management, highlighting their principles, benefits, and practical applications. Lean production focuses on minimizing waste and maximizing productivity, while six sigma emphasizes unified team efforts for efficient task completion. Total quality management is presented as an approach that sustains continuous improvements in products and services, aligning with customer demands. The presentation also covers the just-in-time approach and provides insights into the value and importance of operations management, including enhanced productivity, customer satisfaction, and time management. The conclusion summarizes the importance of operations management in enhancing organizational efficiency and effectiveness.

MANAGEMENT AND
OPERATION

Cover Content
 Introduction
 Operation management and its Approaches
 Six sigma
 Total quality management
 Just in time
 Importance and value of operation management
 Conclusion
 References

Introduction
 Management and operation is concerned with organizing, planning and
supervision of business operations in context of manufacturing &
production.
 An efficient operational management ensures transformation of inputs
into outputs in a profitable manner.

Operation management and its Approaches
 Operational management is defined as a field of management associated
with design and operations of business processes. Different approaches
associated with operational management are mentioned below:
 Lean production
 Six sigma
 Total quality management
 Just in time

Six sigma
 This operational management approach focuses on unified team efforts
to accomplish the predefined tasks in an efficient manner.
 This approach benefits an organization in improving overall
productivity along with increased working potential of employees.

Total quality management
 It is an approach which brings effectiveness in the production process
of an organization.
 This approach mainly focuses on sustaining a continual improvement in
products and services of a company in according to the demand &
desires of customers.

Just in time
 This approach states that managers must order material
form dealers & suppliers at the time of production only.
Due to this, wastage of resources and material will
reduce.

LEAN PRODUCTION
This approach of operational management emphasize on minimizing and
eliminating wastage along with maximising productivity. This approach is
also called as lean manufacturing. Principle of this approach is based on
KAIZEN which is associated with continuous improvements in production
& operational process. Merits associated with this process is that it reduces
operating costs and lead times along with enhancing quality of products.

Importance and value of operation management
 Value and importance of operational management in
context with Unilever is mentioned beneath:
 Enhanced productivity
 Satisfy customers
 Minimize throughput time
 Time management

Conclusion
From the above mentioned Presentation, it has been comprehended
that management and operation is an important process to bring
efficiency & effectiveness within an organization.

References
 Groves, C. and et. al., 2011. Is there room at the bottom for CSR?
Corporate social responsibility and nanotechnology in the UK. Journal
of business ethics. 101(4). pp.525-552.
 Karnani, A., 2011. CSR Stuck in a Logical Trap: A Response to Pietra
Rivoli and Sandra Waddock's “‘First They Ignore You…’: The Time-
Context Dynamic and Corporate Responsibility”. California
Management Review. 53(2). pp.105-111.

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