P5 Explain the importance and value of operations management in achieving businessobjectives.Operations management in an organisation like Tesco is effective to support in achieving thebusiness objectives and aims as per the pre-determined budget and time. And the leaders andmanagers of the organisation plays important role for managing various business operations:Inventory management:For serving the product and services to the customers for increasing thesale rate and profit, Tesco implements different technical resources and tools. In Tesco, theorganisation is in need of effective strategies for proper management of inventory managementto improveservice quality and to create balance between demand of product among thecustomers and its supply.Optimum utilization of resources:Operation management is very significant in an organisationlike Tesco for optimising the utilisation of the available resources (Yahaya, and Ebrahim, 2016).Managers of Tesco formulate suitable strategies in the organisation to minimising resourceswastage and for proper management of resources.Capacity management:Managers of the organization are responsible for plan and offeringproper direction to the employees for performing their tasks proper and are also liable for hiringadequate quality and quantity of resources in the organisation for gaining business success.Capacity management is the organisation is one of the important approachesof operationsmanagement that is very supportive in offering best customer services and for creating a strongbrand name among the customers.Achieving customer satisfaction:With proper operational management Tesco can offer itscustomers with best quality product and services increasing their level of satisfaction. Thissupports in increasing the brand image supporting in creating a strong customer base.Managers of the organisation is helpful in managing vital business operations of the organisationeven in critical situation, the leaders on other hand works harder for offering motivation andencourage the workforce for adapting various changes in the business environment for attainingthe business aims and objectives. Show
Operations management (OM) is the process that effectively plans, organizes, coordinates, and controls the operations responsible for the production of goods and services. Countless decisions must be made at all levels of an organization. Without proper operations management, there is a higher chance of having various departments in conflict with each other. Operations management ensures that you are able to effectively manage various attributes in the manufacturing organization such as people, equipment, information, and technology. Within any production facility or organization, it is crucial to have adequate and advantageous operations management to ensure that production runs smoothly even when the unexpected situations arise. There are many benefits that come from implementing operations management strategies to allow you to gain insight into the key areas that are in need of improvement. Key Benefits within Effective Operations Management
We now have a consistent tool for our planning and scheduling that is used by most of the departments, from supervisors, production planners, purchasing, IT staff, and management. Operations management can be challenging to implement. A software that is becoming extremely common among manufacturing operations is advanced planning and scheduling software. These softwares can provide thorough insight within the various components of the production operations. APS softwares like PlanetTogether will take your facility to the next level by helping you optimize and increase the efficiency of your operations. Advanced Planning and Scheduling (APS) SoftwareAdvanced Planning and Scheduling Softwares have become a must for modern-day manufacturing operations as customer demand for increased product assortment, fast delivery, and downward cost pressures become prevalent. These systems help planners save time while providing greater agility in updating ever-changing priorities, production schedules, and inventory plans. APS Systems can be quickly integrated with an ERP/MRP software to fill the gaps where these systems lack planning and scheduling flexibility, accuracy, and efficiency. With PlanetTogether APS you can:
The implementation of an Advanced Planning and Scheduling (APS) Software will take your manufacturing operations to the next level of production efficiency by taking advantage of the operational data you already possess in your ERP system. APS is a step in the right direction of efficiency and lean manufacturing production enhancement. Try out a free trial or demo! Related About VideoAPS ResourcesTopics: operations management What is the value or importance of operations management?Importance of Operations Management
Operations management is essential for organizations to manage their daily activities seamlessly. Operations management controls all the processes and handles issues including design, operation, maintenance, and improvement of the systems.
How does operations management help in achieving the objectives of an Organisation?Operations management helps companies plan every single aspect of the business including capacity planning, productivity analysis and improvement, and quality assurance among others. Owing to this, operations management holds immense influence in how companies can improve performance and their financial bottom line.
What is the importance of business operation?The Importance of Effective Business Operations
It Improves Productivity The higher the ratio of output to input is, the more efficient the overall organization will be. Improving business operations will help achieve a higher level of productivity and increase a company's output/sales.
What is the most important in operation management?Waste Reduction - Waste reduction is one of the most important components of operations management. Various techniques can be used to identify and eliminate waste within manufacturing operations, such as lean manufacturing strategies and JIT scheduling to manage inventory costs.
|