Operations Management Report: Approaches, Value and Conclusion

This report delves into the core concepts of operations management, encompassing planning, organization, and monitoring within the context of production and service provision. It highlights the significance of transforming inputs into outputs effectively. The report examines various approaches, including the Just-in-Time method for inventory management, Six Sigma for team-based task completion, and Total Quality Management for enhancing product and service quality. It emphasizes the crucial role of operations management in reducing waste, improving productivity, and optimizing resource utilization within a business. The report concludes by summarizing the roles of leaders and managers in sustaining a productive work environment, highlighting their distinct responsibilities and impact on company operations, and includes references to relevant literature.

Management and Operations

Table of content
 Introduction
 Different approaches to operation management
 Value of operational management in business
 Conclusion
 References

INTRODUCTION
• Management and operation is concerned with planning, introducing, organizing
and monitoring in context of production or provision of service.
• It emphasizes on successfully turning inputs into outputs in an appropriate way.

DIFFERENT APPROACHES TO OPERATIONS
MANAGEMENT
• Operations management is defined as a tactics which is concerned with
controlling business operations and production process in an appropriate
manner.
• This aspect ensure that business and related operations are conducted as
per the decided set of standards.

CONTINUE…
Some of these are discussed below:
• Just in time approach
• Six sigma
• Total quality management

JUST IN TIME APPROACH
• It is a common tactics implemented by Uber for inventory management
within the firm.
• It is a type to tool which implements lean methodology to increase
effectiveness and productivity level of the organization.

SIX SIGMA
• This type of methodology is adopted by those companies which perform tasks as
a team and work cooperatively until the task is achieved.
• This results in improved productivity level of employees and organization.
• Role played by manager in this approach is to optimally utilize the available
resources by formulating effective strategies.

TOTAL QUALITY MANAGEMENT
• This approach is used to bring efficiency in
the production process of a firm. TQM
focuses on the continual transformation in the
quality of services, facilities and products that
are delivered by the company to satisfy the
demands and needs of their targeted
customers.

VALUE OF OPERATIONS MANAGEMENT IN
BUSINESS
It is a crucial aspect and importance associated with it is mentioned beneath:
• Reduction of wastage cost
• Improve overall productivity
• Management of various business activities
• Optimal utilization of resources

CONCLUSION
• From the above mentioned report is analyzed that both leader and manage plays a
vital role in sustaining the work environment within an organization.
• They have different roles, characteristics and responsibilities which have a
considerable impact on the working of a company.

REFERENCES
• Lindström and et. al., 2012. A development process for Functional Products:
hardware, software, service support system and management of operation.
International Journal of Product Development. 16(3-4). pp.284-303.
• Nakayama, F. S. and Bucks, D. A. Eds., 2012. Trickle irrigation for crop
production: design, operation and management (Vol. 9). Elsevier.

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