Operations Management: Analysis of Approaches and Factors Impact

This report delves into the critical aspects of operations management, highlighting its significance in converting raw materials into finished goods and services. It explores various approaches such as Total Quality Management, Continuous Improvement, Lean Manufacturing, and Six Sigma, emphasizing the benefits of Six Sigma for minimizing errors. The report further discusses the importance of operations management in terms of cost reduction, productivity enhancement, resource optimization, and consistent management across all functions. It also examines factors within the business environment, including competitor efficiency, flexibility, and technological advancements, that influence a company's operations. The conclusion reinforces the vital role of operations management in meeting customer needs and wants.

Management and
Operations

Table of Content
 Introduction
 Key approaches to operations management and role
 Importance and value of operations management
 Factors within the business environment that impact
upon operational management
 Conclusion
 References

Introduction
Management and operations is considered as an important
aspect which is related with controlling and designing
entire manufacturing process for converting raw material in
finished goods and services.

Key approaches to operations management and role
Operation management refers to an area that is related with
controlling as well as designing production process in
order to producing the services and products. It is
business administration practices to develop high
efficiency level with in company.

Continue...
There are different approaches
related to operation
management mention
below as above:
 Total Quality Management
 Continuous Improvement
 Lean manufacturing
 Six sigma

Continue...
There are different approaches
related to operation
management mention
below as above:
 Total Quality Management
 Continuous Improvement
 Lean manufacturing
 Six sigma

Continue...
These all are the effective approaches related to the operation
management. Among all the approaches, Six Sigma is a
beneficial approach that P & G should be apply in its
business because there is less chance of errors.

Importance and value of operations
management
Operations management is a
continuous process which
involves processes like
planning, organising,
controlling, managing the
functioning of operations
in any entity.

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The importance of Operations Management in context of
Procter and Gamble is as follows:-
 Reduction of wastage costs
 Improve overall productivity
 Optimum utilisation of resource
 Similar management of every function

Factors within the business environment
t
Operation management refers to field which is directly
related to managing all business activities in effective
manner so that better production outcome can be received
by company.

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Some of these factors which influences Proctor and Gamble
company are described as below:
 Competitor efficiency and flexibility
 Technological factor

Conclusion
From the above mentioned presentation it has been
concluded that management and operation play vital role
in converting raw material into finished goods with the
aim of satisfying customers’ needs and wants.