Importance Of Operations Management
OPERATIONS MANAGEMENT
Introduction:
Detail of operations management
TASK 1
Explain why businesses give importance to the operation (1.1)
Operations management (OM) is that phase of an organization where inputs are put into operations to acquire required output (services) without compromising on quality. In other words operations management is also described as combining and transforming various resources in the operations sub-system into value added services in line with formulated policies of the organization. (Kumar and Suresh, 2009)
IMPORTANCE OF OM
Operations Management explores the way organizations produce and distribute goods and services. Everything you wear, eat, sit on, use or read comes to you courtesy of the
…show more content…
Numerous novel techniques have been put into operational management by McDonald?s to achieve the outstanding status of as it enjoys today amongst its contemporaries. The hall-mark of operations management of Mcdonald?s is quality, service, cleanliness and value.
Due importance is given to operations management by Mcdonald?s, because to maintain quality management and food throughout their restaurants. Come what may a high standard and quality is ensured all the way without compromising or deviation from the laid down
…show more content…
(1.3)
Strategic planning is ?the process of thinking through the current mission of the organization and the current environmental conditions facing it, then setting forth a guide for tomorrow?s decisions and results. Strategic planning is built on fundamental concepts that current decisions are based on future conditions and results?. (Kumar and Suresh, 2009)
Operations management is a cluster of activities which adds value in the form of goods and services by changing inputs into outputs. Such activity takes place in all organizations. (Heizer and Render, 2009)
Relationship between Strategic Management and Operations Management:
Strategic management is based on long term planning and objectives (for more than 5 years) which can achieve market shares, increase level of wealth of shareholders in order to become market leaders or branding certain goods and services. Operations management is based on short term planning and objectives, utilizing resources of the company upto optimum level e.g proper employment of human resources, material and other fixed non-current assets. Above mentioned methods are being put into practice at McDonald?s to achieve the desired goals and objectives both long term and short
Hcs/404 Week 3
537 Words | 3 Pages403 1. The difference between the following terms are: Strategic management is the process of assigning responsibility to implement and monitor the activities that must be accomplished to reach the goal. Strategic planning is a method used to define the tasks and operationalize activities that must be accomplished to reach an identified or agreed-upon goal. Strategic thinking is a mental process of synthesizing and analyzing information to envision the strategies and tactics needed to achieve an ultimate goal. Strategy is a set of related actions that leadership makes to increase the organization 's performance on agreed upon and significant outcomes and benchmarks.
Symbols In Bless Me Ultima
687 Words | 3 PagesIn a way, these objects all give him knowledge and help
Christianity, Ninian Smart's Seven Dimensions Of Religion
719 Words | 3 PagesIn relation to Christianity, Ninian Smart’s Seven Dimensions of religion seem to all be at play and sometimes overlap between dimensions. But because Christianity is such a vast religion with many subdivisions and differing views, certain dimensions that are consistent throughout the differing sects play a greater role than other dimensions that are less consistent across sects. Consistently prioritized in this religion are the aspects of the ritual or practical dimension, the ethical or legal dimension, and the experiential or emotional dimension. For Christianity, the ritual or practical dimension applies to the various forms of worship, prayer, and other practices of the Christian church.
Dymocks Mission Statement
1496 Words | 6 PagesOperations 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.
The Strategic Change Cycle
1852 Words | 8 PagesEssentially a strategic plan is an extensive inspection at where the organization is, where it wants to be, and how it can get there. The
Mcdonaldization In The Workplace
961 Words | 4 PagesAs people have issues about Mcdonalds’ low food quality toward people’s health. However, there is another important area that we have to consider seriously about is how its system, so-called “Mcdonaldization”has influenced and continuously effecting our society. From the article “McJobs: Mcdonaldization and the Workplace” by George Ritzer, he distributes the idea of how Mcdonaldized system has changed our society into scripted and “programmized” places (Ritzer 1998:140). He has specifically analyzed the McJobs’( job that has been Mcdonaldized) into four elements,which is its efficiency, calculation, prediction and control. As the nature of the world is made of a full of colors, diverse opinions of people naturally exist toward the term
Walmart Capacity Planning Analysis
1069 Words | 5 PagesCapacity planning This is the process of knowing the production capacity an organization needs to meet the changing demands for the products. It helps to determine the quantity of the product needed by a firm to meet the demands of its customers. The capacity planning elements for Walmart are; facility, product and service, and human resource.
Mcdonald's Theory Of Motivation
775 Words | 4 PagesMotivation is essential for a group as well as an organization. In the eyes of the leader of organization McDonald’s, authorizing and inspiring staff members to do the best in their job and they’re capable of helps create job satisfaction, lowering gross revenue in an industry that has a standing for stimulating its employees. In addition, a glad, stable workforce not just conveys better customer service; it is likewise more compelling at building deals and attracting repeat business. There are five concentrate benefits of employee motivation which Mc Donald’s approached at: 1. Improved Productivity 2.
The Importance Of Organizational Strategy
995 Words | 4 Pages“An organizational strategy is the sum of the actions a company intends to take to achieve long-term goals (Johnson, 2016)”. Organizational strategy is derived from a company 's mission, which tells why an organisation is in business. There are three important aspects of organizational strategy such as resources, scope and the company’s core competency (Johnson, 2016). As Johnson (2016) postulated that top management produces the larger organizational strategy, while middle and lower management adopt goals and plans to satisfy the overall strategy. Germano (2010) states that leadership has a significant impact upon organisation and its success, whereby leaders determine values, culture and employee motivation.
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
Singapore Airlines Case Study
3552 Words | 15 Pages1.0 Introduction to Strategic Management Strategic management practices the formation; achievement and reaching the major objectives executed by the management of the company, by considering the capital and a task of the internal and external environments in which the company wishes to compete. 1.1 Introduction to Singapore Airlines Singapore Airlines (SIA) is established in year 1972 with remarkable performance among its competitors in the industry throughout its 35-year-long history till date (Heracleous & Wirtz, 2009). According to Singapore Airlines (2014), SIA is one of the youngest aircraft fleets worldwide to destinations crossing a network of more six continents, with its iconic Singapore Girl providing excellent standard of service to customers. Throughout the years of operations, SIA has an impressive ever-growing list of industry 's leading innovations such as offering free headsets along with a choice of meals and drinks in Economy Class in the 1970s, followed by introducing satellite based in-flight telephones in year 1991, involving an ample panel of renowned chefs, the International Culinary Panel, to provide lush in-flight meals in year 1998, developing audio and video on demand (AVOD) capabilities on KrisWorld in year 2001, and lastly flying the airbus of A380 from Singapore to Sydney on 25 October 2007 (Singapore Airlines, 2014).
Performance Management: Criticisms And Negative Arguments
1746 Words | 7 PagesPerformance Management Performance management according to --- is a function that that embraces activities such as articulated goal setting, uninterrupted progress reassessment, regular communication and feedback, as well as coaching for better performance. Likewise, it involves execution of employee development plans and rewarding accomplishments. In other words, performance management focuses on improving employee performance along with effort via a process that supports employees to get personal and professional fulfilment by a feel of purposeful contribution. In organisations, management is responsible for meeting organisational objectives through the involvement of others; through evaluating the performance of systems and human resources.
Strategic Management Case Study: Mcdonald's Corporation
3370 Words | 14 PagesSTRATEGIC MANAGEMENT CASE STUDY: MCDONALD’S CORPORATION 1. INTRODUCTION McDonald’s Corporation is the world’s leading fast food restaurant chain with more than 34,000 local restaurants serving approximately 69 million people in 119 countries each day. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local franchisees. Its revenues come from the rent, royalties, and fees paid by the franchisees, as well as sales in company-operated restaurants (McDonald’s, n.d.).
Essay On Importance Of Operation Management
1486 Words | 6 PagesTASK 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.
Case Study: Human Resource Planning, Staffing, And Selection
1116 Words | 5 PagesSP18 MGMT3341.02/03 - Human Resource Planning, Staffing, & Selection Team #6 - Heather Fralish, Craig Gil, Emerald Kormah, Jennifer Restivo, Bianca Tolentino Team Exercise: Chapter 2, Case Study (page 44-45) Integrating McDonald’s Business, Human Resource, and Staffing Strategies This week, we were asked to take a closer look into the business of McDonald’s and to discuss the importance of people to the organization. As we all know, all businesses thrive on one main person: their consumers. Without them, no business could be successful! But in order for the consumers to be happy, a business thus begins with another person: their workers.
More about Importance Of Operations Management
Hcs/404 Week 3
537 Words | 3 PagesSymbols In Bless Me Ultima
687 Words | 3 PagesChristianity, Ninian Smart's Seven Dimensions Of Religion
719 Words | 3 PagesDymocks Mission Statement
1496 Words | 6 PagesThe Strategic Change Cycle
1852 Words | 8 PagesMcdonaldization In The Workplace
961 Words | 4 PagesWalmart Capacity Planning Analysis
1069 Words | 5 PagesMcdonald's Theory Of Motivation
775 Words | 4 PagesThe Importance Of Organizational Strategy
995 Words | 4 PagesValue Chain Analysis Of IBM
1674 Words | 7 PagesSingapore Airlines Case Study
3552 Words | 15 PagesPerformance Management: Criticisms And Negative Arguments
1746 Words | 7 PagesStrategic Management Case Study: Mcdonald's Corporation
3370 Words | 14 PagesEssay On Importance Of Operation Management
1486 Words | 6 PagesCase Study: Human Resource Planning, Staffing, And Selection
1116 Words | 5 Pages