ipl-logo

Essay On Importance Of Operation Management

1486 Words6 Pages

TASK 1.1 Importance of operation management Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company. This is true regardless of the size of the company, the industry it is in, whether it is manufacturing or service, or is for-profit or not-for-profit. Operation management is a crucial tool which help organization to achieve its objectives. This is required for limited period of time and finances to fulfill the objectives. Benefits of safe, timely, cost effective, high quality and law abiding production Safe production is important for sustaining the skilled workforce. This gives them the peace of mind and make the most of their abilities to contribute towards the prosperity of the company. Safety at the workplace will also help to lower down costs by curtailing off insurance costs, lost costs and legal fees. These costs could be incurred if the safety of the …show more content…

It is the planning before the action. In includes many activities like making decisions, making strategy for organization etc. At this time strategic planning is an important part of strategic management.Strategy describes how the goal achieves by using the available resources or what kind of resources they need to achieve the goals. This strategy is used when the organization wants to set the goals and wants to make the planning to achieve these goals by available resources. Strategy also defines what kind of resources we need to achieve the goals set by the

Show More
Related

  • Nvq Level 3 Health And Safety Research Paper

    643 Words  | 3 Pages

    HEALTH AND SAFETY IN THE WORKPLACE TASK 1.1: A few acts that would be applicable to an Engineering company that performs Sheet Metal Work and Fabrication and Welding could be: - Health and Safety at Work Act 1974 - Personal Protective Equipment at Work Regulations 1992 - Provision and Use of Work Equipment Regulations 1998 Health and Safety at Work Act 1974 This Act was made to secure the health, safety and welfare of people at work. It was also made to protect people other than people at work against the risk to health or safety from or in connection to what people do at work. The Health and Safety at Work Act 1974 was also used to control the use of explosive or flammable or otherwise dangerous substances and prevent having or acquiring

    Read More

  • Riordan Manufacturing Strategic Plan

    551 Words  | 3 Pages

    Strategy implementation will involve putting strategies into action to achieve goals. For instance, to improve customer relationships the team management needs to be ahead in terms of technology. It needs to combine systems for all divisions of the company to ensure that customer challenges are solved. Existing business hardware and systems need to be compatible in each division of the organization in order to function

    Read More

  • Dymocks Mission Statement

    1496 Words  | 6 Pages

    Operations management needs to be effective by making sure that customers’ needs are being met. The production process is the act of combining various immaterial inputs in order to create a good or service which has value and contributes to the utility of consumers. Dymocks The Company will support the sole trader in negotiating great terms with major suppliers in order to achieve the best benefits and discounts. Once an order has been put in with suppliers, the order will then be processed and the goods will be created.

    Read More

  • Unit 8 P4 Health And Social Care Research Paper

    275 Words  | 2 Pages

    Employers must make the workplace/premises safe, this includes keeping all materials and machinery stored safely and when used with caution.

    Read More

  • Dave Pepper Construction Case Summary

    457 Words  | 2 Pages

    The Pepper Construction Company continued to develop as an organization in all facets of operations except one category, safety. Mr. Pepper realized that there need to be a change and informed his employees that the most vital component of the company is the employees. As the push for safety continued, the staff realized the importance of a healthy work environment/ employee’s health and decided to put safety as a priority. With management encouraging employees to be more

    Read More

  • Emergency Exit Procedures Essay

    439 Words  | 2 Pages

    Keeping your employees safe from harm should be a priority in any business. You could be held liable for any harm that comes to an employee if you don 't have proper safety procedures in place in the office. Emergency Exit Procedures One of the best ways to avoid an emergency is to have procedures in place. An exit procedure plan should include a map of the exits as well as what should be done in case of emergency.

    Read More

  • Ob10 Case Study Solution

    1121 Words  | 5 Pages

    By having proper human resource planning and organisational structure as the foundation, OB10 can proceed with its operation improvement plan. The process design is a vital operation management decisions to provide competitive advantages to OB10. 2.4 Financial aspects After deciding suitable improvement plans, the feasibility of the plan should be assessed on the financial perspective. Financial decisions are important to ensure OB10 does not run out of business due to operating losses and subsequently cash flow shortage. The management should ensure every cent spent on the improvements brings a greater benefit to the company.

    Read More

  • Psychological Contract Theories

    1996 Words  | 8 Pages

    Granted, there are occupations where employees face significant risk for injury, such as protective services jobs in police and fire departments. However, employees expect that they can work collaboratively without worrying that they will face threatening acts or unsafe conditions in the workplace. In my opinion, employees expect safe working environment because they need a peaceful environment for working. Peaceful environment will make employees feel enjoy to work. Employers should provide such as fire extinguish, first aid box for safe working environment that expected from

    Read More

  • Self-Determined Theory

    969 Words  | 4 Pages

    al., 2008). Thereafter, employees are able to perform safety behaviours effectively and subsequently maintaining them in long term

    Read More

  • Strategic Planning In Nursing

    783 Words  | 4 Pages

    CONCEPT 7: NURSES RESPONSIBILITIES IN MAKING SUCCESSFUL STRATEGIC PLANNING This concept is taken from Block 3, Module 7 which is entitled as “Planning-1”. Strategy can be defined as a plan of action to accomplish or fulfil a certain task. Planning is the act of making course of action or formulating plans. Margaret Rouse defined strategic planning as a review and planning process that is undertaken to make thoughtful decisions about an organization’s future in order to ensure its success.

    Read More

  • Value Chain Analysis Of IBM

    1674 Words  | 7 Pages

    • Operations: These are the transformation activities that change inputs into outputs that are sold to customers. Here, your operational systems create

    Read More

  • Cross Sectional Analysis

    2218 Words  | 9 Pages

    ANALYSIS OF OCCUPATIONAL EXPOSURE INCIDENT IN ENGINEERING STUDENTS DURING INDUSTRIAL TRAINING Adinife Patrick Azodoª*, Samuel BabatopeAdejuyigbeᵇ and Salami OlasunkanmiIsmailaª ªDepartment of Mechanical Engineering, Federal University of Agriculture, P.M.B 2240, Abeokuta ᵇDepartment of Mechatronics and MechanicalEngineering, Federal UniversityOye-Ekiti P. M. B. 373, Ekiti, *azodopat@gmail.com Abstract Occupational training is a very crucial feature in enhancing workforce efficiency and the expertise involved in any profession. This is carried out through a variety of ways such as institutional training, basic instructions, excursions, industrial training, laboratories, workshops and field studies, personal contacts and extracurricular activities.

    Read More

  • Practice: Safe Work Practice

    1493 Words  | 6 Pages

    Applying general safety principles such as legitimate work practices, equipment, and controls can help reduce workplace accidents involving the moving, handling, and storing of materials. Regardless of whether moving materials physically or mechanically, your employees should know and comprehend the potential hazards associated with the job that needs to be done and how to control their workplaces to minimize the danger. Since various injuries can result from improperly handling and storing materials, workers should also be aware of accidents that may result from the unsafe or improper handling of equipment as well as from improper work practices. Furthermore, workers should be able to recognize the methods for eliminating or at least minimizing the occurrence of such accidents. Employers and employees should

    Read More

  • Case Study: The Importance Of Principle Of Management

    2164 Words  | 9 Pages

    1. Introduction – Importance of Principle of Management (PMG) – Relate with case study – Overview of the content Introduction The purpose of this section is to discuss the importance of management principles, and the impact on each organisation. Principles of management are generally termed as the act of planning, organising and controlling the operations of the basic element of people, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives.

    Read More

  • Entrepreneurship And Strategies

    716 Words  | 3 Pages

    The question is how does a business accomplish that goal? Michael Porter, a strategy expert and professor at Harvard Business School, emphasizes the need for strategy to define and communicate an organization's unique position, and says that it should determine how organizational resources, skills, and competencies should be combined to create competitive advantage. (“What is Strategy?,” 2017) Strategy is critical to the principals of management. Strategy is about making choices, like what the business plans to do today, tomorrow, and every day after that.

    Read More

More about Essay On Importance Of Operation Management

Open Document