Operations Management: Value, Approaches and Factors Analysis

This report provides a comprehensive overview of operations management, highlighting key approaches such as Total Quality Management (TQM), Lean Production, and the Kaizen Theory. It emphasizes the importance and value of operations management in achieving organizational targets, including enhancing product quality, improving employee productivity, reducing operational costs, and ensuring customer satisfaction. The report also analyzes internal factors like finance and employees, as well as external factors such as political and technological influences, that impact operational management. The conclusion underscores the significance of both leadership and management in achieving organizational goals and the need for companies to regularly analyze their business environment to mitigate negative impacts on operations. The report references academic articles to support its analysis and findings.

MANAGEMENT AND OPERATIONS PART 2

Table Of Contents
• Introduction
• Key approaches to operations management
• Value and importance of operations management.
• Factors affecting operations management
• Conclusion
• references

INTRODUCTION
Leadership is an approach which motivates people
to believe in the objective and vision of the
company and join them to accomplish those
goals. They have the capacity to motivate
employees and focus their efforts towards the
target. While management is the process of
planning, organising and directing followed by
controlling the activities in the organisation

KEY APPROACHES TO OPERATIONS
MANAGEMENT
Operations Management means to manage the process of redesigning various
business operations and production process in the production of goods and
services. It makes certain that the firm's operations are efficient enough to use
the resources judiciously and effectively to meet the demand of the customers.
Few approaches to operation management are:
• Total Quality Management
• Lean Production
• Kaizen Theory

IMPORTANCE AND VALUE OF
OPERATIONS MANAGEMENT
Operations Management means the process of planning, controlling and supervising the
production and delivery process. It aims at utilizing its labour and material effectively
with a view to maximize its profits.. Importance of operations management in
achieving organisational targets is mentioned below:
• Product Quality
• Enhances Employee Productivity
• Reduces Operation cost
• Customer satisfaction

FACTORS WITHIN THE BUSINESS
ENVIRONMENT THAT IMPACT UPON
OPERATIONAL MANAGEMENT
Every business has its own environment which directly or indirectly impacts it’s
working. This environment comprises of number of internal and external forces each
of which has its own opportunity and challenge for the business.
Internal Factors
• Finance
• Employees
External Factors
• Political
• Technological

CONCLUSION
It can be concluded from the above report that both the leader and the manager are
important for the business. They both perform different roles and functions which are
necessary for achieving the organisational goals. This unit uses various approaches like
TQM to manage its resources and eliminate all the wastage in the process of
production. Efficient working of operational department is very important to attain the
targets of reduced cost and maximum profits. The company also has to analyse the
business environment internally as well as externally regularly, in order to make it
certain that these forces are not negatively impacting the operations of the business.

REFERENCES
• Collisson, E.A. and et. al., 2019. Molecular subtypes of pancreatic cancer. Nature
reviews Gastroenterology & hepatology. 16(4). pp.207-220.
• Fleming, C.J., 2020. Prosocial rule breaking at the street level: The roles of leaders,
peers, and bureaucracy. Public Management Review. 22(8). pp.1191-1216.
• Kawai, F., Kawabata, T. and Oda, M., 2019. Current knowledge on enzymatic PET
degradation and its possible application to waste stream management and other
fields. Applied microbiology and biotechnology. 103(11). pp.4253-4268.