In modern days, amount of competition is increasing with the passage of time due to which it is important for the organizations to have significant amount of strength in their internal operations and it is important for the organization to have properly skilled and trained employees which are able to effectively implement the Tools and techniques of operations management in the operations of the organization. Operations management is considered one of the most significant elements in any kind of business especially if the business is associated with Production and Manufacturing. Your email address will not be published. Hence in this situation the IKEA doesn’t need to establish specialised machineries by paying high price as they know that the basic machineries will do the job for them. Effective operations management also helps with employee engagement and defines the roles and responsibilities within an organisation. This is why it’s important to ensure that your customers’ needs are at the forefront of your product or service. Project management is a dynamic, exciting and lucrative career… but just how lucrative is it really? Industry reports suggest that changes in today's social and [...], Operations Management in Business Contents WH Smith Introduction Task 1 Task 2 Task 3 Referencing WH Smith Introduction WH Smith was first created by Smith Family in 1792 as a newsagent, in then became the company with the name “WH Smith” in 1828 and launched the website in 1999. (Brown). Quality control and inspection are conducted on regular basis in order to make sure that the products or services, which are being produced, are of high quality. Operations management is important in a business organization because it helps effectively manage, control and supervise goods, services and people. Project management is implemented at every stage of the organization from acquiring the raw material until making the finished products. Another significant role of operations management is associated with Cost Management. This example has been uploaded by a student. Designate a process champion: The manager is the best person because he has the knowledge about all the process and will be capable of handling those processes effectively. Ikea must make sure that the successor for every manager is predetermined; if it is not the case then the company must at least make an effort to make report of the process transparent and readily available through the information systems management. Management is actually that branch of the business that manages the system and working of the organization so that it operations runs smoothly and well. One of the main and let’s say the ultimate objective of your firm is to generate high levels of revenues and profits. It was seen that the company is not prepared for any unexpected changes in the management, if it did happen people who take up the job will have hard time to understand the process and how it needs to be carried out so care must be taken that it is not the case. Every operations manager needs to make 100’s of decision every minute and hence they would device a general rule to follow in the changing circumstances. For the Ikea it is important that it adds value at every stage and hence the company must look to minimise the storage of the products in the warehouse and instead deliver the products directly to the stores all over. The inbound logistics at the factory is managed by a purchasing manager who has to make sure that the different quality of woods and materials are purchased and also has to make sure that constantly the suppliers are updated regarding the requirements. Taking forward the discussion of the above-mentioned point of the Importance of Operations Management, let us get the fact clear that customer is the king. Embracing the modern development on the technological front, you are on a constant endeavor to enhance the productivity and efficiency levels. Variety offered by the IKEA in the developed markets will be more as it is confident that the customers would look for variety and will help to boast the sales. The operations management has two primary objectives that needs to achieve and in many ways it can be said that both these objectives are interrelated. IKEA is a Swedish company which sells ready to assemble furniture, appliances and home accessories. In today’s dynamic business market it is very crucial for the firms to plan each of their business activities in the most organized and seamless manner. Definition and Examples, Agenda Setting Theory Explained (with Applications). [...], Introduction Human resource management uses strategy to accomplish its aspects, policies and practices through strategic sectors such as job analysis, staffing, training and development, maximize performance, compensation management, HRM service delivery, gender equality and achieve success in the long run. The operational management policies when made then they should be considered very much keenly, they must be followed regularly among the organization employees, and all the essential departments related top them. Operations Management Word Count:2000 customer demands and replenishes stocks accordingly. As a result, most of the Japanese businesses have managed to focus on their other departments like finance and marketing because operational management helps the organization to make the production or manufacturing department effective and efficient. Most of the cost related to the production of goods and services are associated with different factors like cost of acquiring resources, transforming the acquired resources into finished products and then delivering them to customers. There are two methods, which can be adopted in order to increase the sales of the company. When operating on a global scale it is important for the company to come up with solutions to most of the daily challenges if not determining the process to carry out will eventually lead to wastage of resources and wastage of time and may delay the operations process. © 2020 Exeed College. The revenue growth could help with the launch of new and innovative products/services or an increase in resources and technology. According to Johnston (1999) even though the operations processes are very similar to each other, they all transform inputs however they differ in some ways. AGILE PROJECT MANAGEMENT: EVERYTHING YOU NEED TO KNOW, PROJECT MANAGEMENT IN CONSTRUCTION: Everything You Need to Know, EVERYTHING YOU NEED TO KNOW ABOUT PROJECT MANAGEMENT, The 5 Women Who Can Transform Your Business, Take Action, Inspire Change. This will allow you to make clearer decisions about what is the best balance. Required fields are marked *, Copyright © 2020 Marketing91 All Rights Reserved, Importance of Operations Management Explained, Interview Techniques: What are these & the Types of Interview Techniques, Secondary Market: Examples, Types, Characteristics, Tools, and Players, Business Risk Management: Sources and Creation of Business Risks. The set of interrelated management activities, which are involved in manufacturing certain products, is called as production management. Therefore, here are some of the key benefits and important advantages of operations management. The belief was supported with the fact that the manufacturing industry had to take care of more number of processes and operations starting from obtaining the raw materials till the goods are sold and also in many cases after sales assistance was also was considered hence creating the belief that the operations management is important to manufacturing industry (Chase & Zhang, 1998).

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