sample on operations management by instant essay writing

20
Toll Free No:+1 213-929-5632 E-mail: [email protected] Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay help to the students as per their university guidelines. Sample On Operations Management

Upload: instant-essay-writing

Post on 07-Feb-2017

69 views

Category:

Education


1 download

TRANSCRIPT

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Sample On

Operations Management

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Table of Contents Table of Contents ....................................................................................................................................... 2

INTRODUCTION ..................................................................................................................................... 3

TASK 1 ...................................................................................................................................................... 3

1.1) Importance of operations management...................................................................................... 3

1.2) Analyzing operation function .................................................................................................... 4

1.3) Process model ............................................................................................................................ 4

2.1 Importance of 3 E's ..................................................................................................................... 5

2.2) Impact of Cost minimization and quality maximization ........................................................... 6

2.3) Significance of Performance objectives .................................................................................... 7

TASK 2 ...................................................................................................................................................... 8

3.1) Linear Programming .................................................................................................................. 8

3.2) Evaluating critical path analysis and network planning ............................................................ 8

3.3) Need for operational planning and control ................................................................................ 9

4.1) Designing of possible layout for producing furniture ............................................................. 10

4.2) Network plan and critical path................................................................................................. 10

4.3) Approaches can be used for project management and quality control .................................... 12

CONCLUSION ........................................................................................................................................ 12

REFERENCES ........................................................................................................................................ 15

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

INTRODUCTION

Operation management can be defined as an area of management which is usually

concerned with designing and controlling process of production and also in redesigning business

operations in production of goods and services. This process is concerned with planning,

organizing and supervising in context of production and manufacturing or provision of services

(Griffin, 2013). The organization undertaken for this report is Global Leisure Furniture Company

which is a leading and established supplier of chair components and leisure furniture to office

and contract market. This present report is based on understanding the nature and importance of

operational management and also the link between operations management and strategic

planning. This report also focuses on relevant technique to production of operational plan for

organization.

TASK 1

1.1) Importance of operations management

An effective operation can give various types of advantages to Global leisure company.

By being efficient and effective operation management can reduce the cost of products and

service. This operation management further leads in increase in revenue through increase in

customer satisfaction for providing quality of goods and services. It also provides basis for

innovation by building a solid base for operation and knowledge (Benjaafar, Li and Daskin,

2013). Operation management can reduce amount of capital employed by being effective and

innovative in use of resources which is necessary in producing goods and services. There are

several reasons which makes operation management important. Encompasses. Global leisure

company can lead to economic growth and development and also help employees to receive high

wages in order to increase organization profit without causing inflation.

Furthermore, operational management is responsible for final product and service

produced by the input. The final product which will be created will attract consumers and

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

ensures that organization make profit. If customers demands are fulfilled than business will be

able to began and increase its sales and also will be able to maximize their profits. Decision

having major impact on both cost of producing products and also how well the product are

produced and delivered which have a major impact on revenue (Brown, Bessant and Lamming,

2013). Global leisure company uses operation management to ensure efficiency and

effectiveness in the organization. Organization must also ensure that they are working well

within the time and able to produce best quality of goods. Producing on time gives Global leisure

company several advantages. This will give them more opportunity to attract their target market

and also will be able to identify their strength and weakness, they can further go ahead of

competitors by making improvements where needed (Becker, Kugeler and Rosemann, 2013).

Sample Report on Operations Management

For Complete Essay Writing

Kindly Visit us at:

[email protected]

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

1.2) Analyzing operation function

Operational function will bring together the raw material with production to make a

perfect product which customer requires. This function helps Global leisure company to improve

its processes and achieve cost savings. It is essential for Global leisure to have right people in

place in order to achieve competent advantage over other rival firms. Organization aim is to

develop high performance team who will work within a culture of continuous improvement.

Employees in Global leisure have opportunity to contribute their ideas in order to achieve results.

Operational manager have to understand that what the overall objectives of the operations

are. These objectives focus on major areas and are listed as quality, speed, dependability,

flexibility and cost. Global leisure company have to purchase woods and fabrics of high quality

for making attractive and delightful furniture (La Rosa and et.al., 2011). Hiring employees and

train them to prepare attractive designs, shades, structure which attracts consumers to buy them.

Location and layout of furniture factory plays a crucial role as global leisure company need to

satisfy their employees demands too. Organization must be easy to reach with low convenience

fare. Operational function is also vital as business are able to produce safely; to cost; to quality;

on time within the law framed by government. Producing things on time give Global leisure

company several advantage as this will give opportunity to organization to attract their target

market and also they can easily identify their strength and weakness in order to gain competitive

advantage (Ramezani, Bashiri and Tavakkoli-Moghaddam, 2013). Organization need to also

ensure that they are able to save unnecessary and unexpected cost and also making use of their

resources in production of final goods and services. This might further help organization to save

their money and control their expenditure and make efficient and effective use of it.

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Global Leisure Company focusing on contributing their Capital, Material and Labor which will

lead organization to transportation storage and inspection of all the raw materials. This process

will further help the furniture company for providing facilitating goods to consumers. This will

help mentioned company to increase more of the revenue and productivity.

2.1 Importance of 3 E's

Value for customers money is often treated as 3 E's as it includes Economy, Efficiency

and Effectiveness. In today's competitive world, right balance of implementing 3 E's help

organization to be more flexible and respond with faster pace in order to face current and future

challenges and difficulties (Sapolsky, 2013). 3 E's are often consider as value for money and it

bifurcates as:

Economy- it means minimizing cost or resources (i.e. doing things at low price), reducing

cost of inputs

Efficiency- performing and doing task with reasonable efforts (i.e. doing things in right

way), right effort allocation

Effectiveness- degree or level to which objectives are met (i.e. doing things right),

achieving goals to satisfy organizational needs

Global leisure company following policy of value driven profit. It means that the

organization is providing right product with right amount of quality and also the price of product

matching with the market expectations (Grant, 2012). Economy for Global leisure company

covers the financial side on which target is achieved and it is a fundamental way to balance the

sue of resources to achieve right goals at reasonable price. Efficiency on the other hand for

organization shows the right use of all the resources to accomplish goals and objectives.

Efficiency in an organization can be measured by acknowledging process to complete a task and

allocating right amount of resources. Furthermore, effectiveness of Global leisure company is

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

maintained on basis of achievement of organizational goals. For this, directors and senior

executives are in charge to meet such criteria.

2.2) Impact of Cost minimization and quality maximization

There consist a fair link between Cost minimization and quality maximization. At the

beginning of earlier time period when Global leisure company was struggling, cost minimization

had become important factor. As it was risky for business too but considering economy need top

management of organization too a proactive judgment in order to cut down price of less

demanding and oriented furniture (Gruman and Saks, 2011). This process helped Global leisure

company to secure significant amount of money as sale of those furniture increased and

simultaneously profit of organization too. Cost minimization aimed to achieve most effective

way of delivering goods and service with required level of quality. Benefit of cost minimization

in Global leisure company is that organization can save money but need to have lower unit costs

Sample Report on Operations Management

For Complete Essay Writing

Kindly Visit us at:

[email protected]

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

and another benefit is to have higher profit margin, reinforced cash flow and high operating

profits.

Moreover, Global leisure company concentrating on maximizing quality and improving

standard of product in order to meet and consumers needs. By adopting best practices to

maximize quality and effectiveness, following designed practice which ensures accuracy and

quality of results. Maximizing quality and improving design of the product constantly can be

time consuming and expensive task for Global leisure company (Zhu, 2014). This process head

against cost minimization as it is difficult for organization to reduce cost but also maintain good

and high quality of product.

2.3) Significance of Performance objectives

The process in which Global leisure company secures and utilizes its resources which

determine extent to which organization can successfully pursue performance objectives. These 5

objectives adds value for customers and satisfy the necessary requirements of them (Kacar,

Irdem, and Uzsoy, 2012). These objectives are Cost, Dependability, Flexibility, Quality and

Speed.

Cost- Cost is the ability of organization to produce at minimum cost. This strategy helps

company to achieve the economic strength. Cutting cost of less demanding furniture can

let organization to clear its stock.

Quality- Quality means producing goods with specification and without any error or

mistake. Quality is considered as key foundation of any manufacturing business as it

makes goodwill of the firm. Global leisure company have to provide quality of product to

their customers in order to achieve their objectives and keep them happy (Zareei and

et.al., 2011).

Speed- Super fast turn around in terms of profit is considered as differentiator which

separate organization from their competitors. In order to have a speed advantage, Global

leisure company have to look at internal chain to increase efficiency

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Flexibility- Flexibility in an organization requires balancing proficiency to ensure orders

and customer requirements with same level of efficiency. It is considered as ability to

change operations and it constitutes: Ability to change value of production, time taken in

production, introducing and innovating new products.

Dependability- Global leisure company have to stand on promises which are made with

customers as it is a important factor that customers are happy and trusting the3 company

(Scheer, 2012). Dependability is the capability to deliver product and services in

agreement with promises made with customers.

TASK 2

3.1) Linear Programming

Linear programming is an mathematical process that has been developed to assist top

management in making decision and is considered as most widely tool for industrial engineering

and management science. It is further considered as an process of taking various linear equations

which relates to some situation and in order find its best value under given conditions. For

manufacturing firms like Global leisure company it includes well defined objective function and

variable should have constraint amount. Further there need to be a alternative course of action

and the decision variable should be inter related and non negative (Chaabane, Ramudhin and

Paquet, 2012). Linear programming is helpful for business, industries, distribution, marketing

and economy. It helps Global leisure company in minimizing cost and maximizing profit as it

plays an important role in management decision also. Managers in organization can easily

calculate sale unit of furniture and prices which can lead to maximization profit or company.

ADVANTAGES OF LINEAR PROGRAMMING

It helps Global leisure company in achieving best use of productive factors.

It helps in improving quality of decision within organization.

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

It helps in identifying and highlighting constriction point in the production process.

It helps in providing better tools and formulas for changing the organizational conditions.

Linear programming have a mathematical and graphical solution to a given problem.

Mathematical solution is been done with the help of formulas whereas in graphical it is possible

when there only two decision variables are involved and the problem can be plot on a graph in

order to find execute reason of decision making (Kaplan and Atkinson, 2015).

3.2) Evaluating critical path analysis and network planning

Critical Path Analysis (CPA) is a technique for process planning which is followed in

step by step way. It consist of series of activities which shows earliest completion of project and

schedule network analysis technique which used to determine the schedule flexibility and critical

path of project scheduled network diagram. CPA is widely sued as a project management tool

which uses network analysis in order to help project managers to solve complex and time

sensitive operations. This analysis is considered as longest course in a project schedule network

Sample Report on Operations Management

For Complete Essay Writing

Kindly Visit us at:

[email protected]

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

diagram (Jiang and et.al., 2012). As stated above, as it is a longest path, it identify duration of

project simultaneously with finish and start dates of the project. Some important points of CPA

is:

It shows the activities order which needs to be undertaken.

It shows the activities which are completed and activities which can take place only for

once.

It shows considering activities which can be undertaken simultaneously in order to

reduce overall time taken to complete whole projection.

CPA tries to set out individual activities which makes larger project.

Using this tool Global leisure company might ensure that production is completed as

soon as possible and have used resources as efficiently as possible. It also depend upon

information so used to compete the task (Van De Voorde,, Paauwe and Van Veldhoven, 2012).

Moreover, CPA need effective planning so tasks in Global leisure company runs smoothly. After

forming networks and making approximate and initial calculations, progress of particular task

can be examined and also whole network updates as work progress ensures that project

completions is not been delayed. Further advantage of this analysis is that it helps in recognizing

base time duration to finish a task for an organization (Critical Path Analysis. 2015).

3.3) Need for operational planning and control

This conclusion involve arrangement and control of labor or employees, capital input,

material which helps Global leisure company to produce quality and quantity of production

efficiently and effectively. Operational planning and control are genuinely based on predicting

future demands for output of system. But unfortunately, even having best tuned operational

system, demand of consumers cannot be met with existing system in a given time period because

of new product developments, unpredicted market trends and competitors actions (Zareei and

et.al., 2011). Planning and control is further concerned with managing current activities of the

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

operation so as to satisfy consumers needs and demands. This technique is concerned with

reconciliation between what operation resource can deliver and what consumer market requires.

In Global leisure company, employees plays a crucial role as they provide direct service to their

customers. Furniture which is so manufactured are puted in showroom. The staff so recruited by

organization helps customers who come in and have a direct communication with them and

ensures that there demands are satisfied (Beattie and Reader, 2013). Management team of Global

leisure company ensures that they regularly receive feedback from their customers and any

complaint regarding services sudden improvements have to be made.

Furthermore, long term planning involves factors such as fixed product and capacity

planning. These long term decisions might affect Global leisure company in long run process.

Product forecasting, scheduling operations and inventory management constitutes part of short

and medium term planning. Operational manager organists operation functions by assigning

responsibilities and creating various structures (Turner, 2014). Control makes the adjustments

which allow the operation to achieve the objectives that the plan has set, even when the

assumptions on which the plan was based do not hold true.

4.1) Designing of possible layout for producing furniture

It can be assessed that the business is required to develop possible design layouts in order

to produce furniture products effectively. Moreover, it consists of varied layouts like process,

product and hybrid layout. In product layout, organization comprises of varied work situations

and manages it effectively in order to develop the product and manufacture it effectively.

Further, hybrid layout is the mixture of both product and process layout. Thus, it can be assessed

that for Global Leisure Company process layout is suitable that assists them to group all the

similar activities together. Further, as a result of this it can be stated that it is crucial for cited

firm to employee professionals and experts of varied fields or areas in the furniture

manufacturing department so that difficult activities or operations can also be performed

effectively (Peng and Lai, 2012). Further, process layout assists the organization that provides

flexibility so that furniture products can be produced effectively and of high quality. Thus,

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

business produces furniture products such as office furniture that assists them to manufacture the

final products effective to attract customers. Moreover, mentioned company is focusing on five

crucial factors like cost, quality, speed, flexibility and dependability. Cost will help mentioned

organization to produce best of the products at an affordable price. Quality of products will play

a crucial role in organization revenue growth and sales. Flexibility will help organization to give

easy and safe delivery of products and services which will satisfy their needs in significant

manner.

4.2) Network plan and critical path

The network plan that involves different activities and operations which start from market

research and at the end provide the end or final products to the users or clients. Further, all these

activities need to be planned effectively and in what time the activities will be completed. The

Global Leisure Company is required to undertake a network plan and also decide critical path

that involves the shortest time taken to complete or finish the project (Gruman and Saks, 2011).

However, business plans network plan for packaging process. It is as follows-

Sample Report on Operations Management

For Complete Essay Writing

Kindly Visit us at:

[email protected]

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Table 1: Network plan for packaging process for Furniture Supplier Company

S.

No.

Activity Activit

y

Name

Duration Preceding

activities

1. Carrying out market research in order to assess the

availability of varied types of packaging process

A 15 -

2. Investigating alternatives B 11 -

3. Assessing choices C 8 A

4. Choosing the suitable packaging process D 7 B

5. Primary packaging E 16 C,D

6. Secondary packaging F 20 E

7. Checking the superiority of packaging G 8 F

8. Market testing H 25 G

9. Managing alteration I 10 H

10. Completion J 9 I

Total estimated time (in days) 129

The above drawn network plan assists in assessing the activities and operations which shows that

the maximum time needed in order to finish the packaging process is 129 days.

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Thus, the above drawn network diagram states that there are overall 10 activities or

operations that assists in completing the packaging process effectively and efficiently. By

carrying out all these activities it assists firm in effectively manufacturing the effective range of

furniture products in order to attain customers and enhance the sales and profitability within

business (Zareei and et.al., 2011).

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

4.3) Approaches can be used for project management and quality control

There are different approaches that can be adopted in order to manage and control the

quality of business so that it assists in maintaining total quality management within firm. This

method or approach helps in delivering best quality furniture products so that it attracts

customers and fulfill their needs and expectations. Furthermore, quality assurance is firm helps

in attaining right quality product to customers and achieves set goals (Chaabane, Ramudhin and

Paquet, 2012). Thus, it is essential for Global Leisure Company to maintain its quality and

superiority by producing effective goods and for that they need to deliver best training and

development to individuals so that they can work effectively and efficiently. Also, it is essential

for business to use proper quality control techniques in order to improve the production and

attain desired targets. In order to conduct the quality control, company can take support from

different tools like sig sigma from which overall issues of quality can be managed. Additionally,

TQM (Total Quality Management) can be implemented in order to offer standard quality

furniture products to its customers. Apart from it, statistical quality control can be done in which

inspection and rating can be done for furniture. In this, product with below quality can be

identified based on rating and same can be removed from the production. This will help in

reducing the chances of offering below quality products to customers.

CONCLUSION

It can be inferred from the above study that operations management can assists business

to enhance their activities in order to gain results. Furthermore, it is crucial for firm to adopt 3

E's that assists organization in enhancing the productivity and profitability in order to attain

results. Global leisure company is required to adopt total quality management method in order to

enhance the performance of firm and deliver appropriate products to clients. Furthermore, it also

involves a network plan for the packaging process that showcases the maximum and minimum

time needed i.e. 129 days in order to finish the project. Moreover, business adopts process layout

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

function that assists in accomplishing the activity and manufacture effectual office furniture and

satisfy the needs of customers.

Sample Report on Operations Management

For Complete Essay Writing

Kindly Visit us at:

[email protected]

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

REFERENCES

Journals and books

Griffin, R., 2013. Fundamentals of management. Cengage Learning.

Benjaafar, S., Li, Y. and Daskin, M., 2013. Carbon footprint and the management of supply

chains: Insights from simple models. Automation Science and Engineering, IEEE Transactions

on. 10(1). pp. 99-116.

Brown, S., Bessant, J. R. and Lamming, R., 2013. Strategic operations management. Routledge.

Becker, J., Kugeler, M. and Rosemann, M., 2013. Process management: a guide for the design of

business processes. Springer Science & Business Media.

La Rosa, M. and et.al., 2011. APROMORE: An advanced process model repository. Expert

Systems with Applications. 38(6). pp. 7029-7040.

Ramezani, M., Bashiri, M., & Tavakkoli-Moghaddam, R. (2013). A new multi-objective

stochastic model for a forward/reverse logistic network design with responsiveness and quality

level. Applied Mathematical Modelling, 37(1), 328-344.

Sapolsky, H. M., 2013. Polaris System Development. Harvard University Press.

Grant, A. M., 2012. Leading with meaning: Beneficiary contact, prosocial impact, and the

performance effects of transformational leadership. Academy of Management Journal. 55(2). pp.

458-476.

Gruman, J. A. and Saks, A. M., 2011. Performance management and employee engagement.

Human Resource Management Review. 21(2). pp. 123-136.

Zhu, J., 2014. Quantitative models for performance evaluation and benchmarking: data

envelopment analysis with spreadsheets. 13th

ed. Springer.

Kacar, N. B., Irdem, D. F. and Uzsoy, R., 2012. An experimental comparison of production

planning using clearing functions and iterative linear programming-simulation algorithms.

Semiconductor Manufacturing, IEEE Transactions on. 25(1). pp. 104-117.

Zareei, A. and et.al., 2011. A new approach for solving fuzzy critical path problem using

analysis of events. Expert Systems with Applications. 38(1). pp. 87-93.

Scheer, A. W., 2012. Business process engineering: reference models for industrial enterprises.

Springer Science & Business Media.

Chaabane, A., Ramudhin, A. and Paquet, M., 2012. Design of sustainable supply chains under

the emission trading scheme. International Journal of Production Economics. 135(1). pp. 37-49.

Kaplan, R. S. and Atkinson, A. A., 2015. Advanced management accounting. PHI Learning.

Toll Free No:+1 213-929-5632

E-mail: [email protected]

Get best MBA Essay Writing Service by the expert writers, we provide the topmost essay

help to the students as per their university guidelines.

Jiang, K. and et.al., 2012). How does human resource management influence organizational

outcomes? A meta-analytic investigation of mediating mechanisms. Academy of management

Journal. 55(6). pp. 1264-1294.

Van De Voorde, K., Paauwe, J. and Van Veldhoven, M., 2012. Employee well‐ being and the

HRM–organizational performance relationship: a review of quantitative studies. International

Journal of Management Reviews. 14(4). pp. 391-407.

Zareei, A. and et.al., 2011. A new approach for solving fuzzy critical path problem using

analysis of events. Expert Systems with Applications. 38(1). pp. 87-93.

Beattie, C. J. and Reader, R. D., 2013. Quantitative management in R & D. Springer.

Turner, J. R., 2014. The handbook of project-based management. McGraw-hill.

Peng, D. X. and Lai, F., 2012. Using partial least squares in operations management research: A

practical guideline and summary of past research. Journal of Operations Management. 30(6). pp.

467-480.

Sample Report on Operations Management

For Complete Essay Writing

Kindly Visit us at:

[email protected]