This essay analyses the importance of operations management and operation management strategies. Operations management is the management of processes that transform inputs into goods and services that add value to the customer. The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs. Therefore, the primary importance of operations management is to ensure efficient administration of resources such as materials, machines, technology, and people, and to provide products and services according to customer demands. Operation management strategies promote goal achievement of the entire value chain of an organization. These strategies include Planning, Efficiency, Cost Control, Quality Continuous Improvement, Technology, and Profitability. Providently, the advancements of technology have led to Current Trends in Operations Management, hence enabling companies to remain competitive in the dynamic business environment.
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THE ROLE, FUNCTIONS, AND IMPORTANCE OF OPERATIONS MANAGEMENT
The importance of operations management range from planning, designing, organizing, and supervising production activities. The latter functions include scheduling, implementing, and managing overall manufacturing activities from production to consumption by the ultimate consumer. Notably, all events involve a thorough analysis of processes and considering assets, costs, and human resources. Thus, the operations management strategies are essential tools in accomplishing the organization’s strategy and ensuring its long-term survival. Strategic and tactical operations decisions determine how well the organization can achieve its goals. They also provide opportunities for the organization to achieve unique competitive advantages that attract and keep customers. Thus, to compete in an ever-changing market, operations managers must maximize efficiency and productivity. Fortunately, the current trends in operations management have enabled them to be tech-savvy in a rapidly changing market.
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CURRENT TRENDS AND STRATEGIES OF OPERATIONS MANAGEMENT
The operations management strategies include Use of Data and Analytics for planning, adjustments, and decision making. Secondly, Inventory Analysis techniques to manage stock in the supply chain, such as ABC analysis. Thirdly, Process Design is for Researching, forecasting, and developing a sound procedure that takes expertise and energy, but the results can be lasting. Fourthly, Collaboration ensures operations managers to work effectively with finance, sales, marketing, human resources, and other departments. Lastly, Green manufacturing has promoted the production of environmentally friendly products. The current trends in operations management include Business process reengineering, or BPR, which helps companies revamp their organizations from the ground up, Lean and agile manufacturing, Six Sigma, Reconfigurable manufacturing system, Behavioral operations management, Sustainability, and increased employee involvement. In conclusion, the importance of operations management is primary for overall organizational success.
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