Basic functions
of an organization are:
Operations
Definitions:
1.
It is
a method of performing activities in a sequential way.
2.
It is
a method of performing day-to-day activities which leads to wealth maximization
and Customer satisfaction.
3.
Operations
transforms resources (Inputs) into desired Products or services (outputs) by
the processes. The Processes should be effective and efficient.
Operations
Management
Definition:
1.
It is
the process of management of system or processes that create goods and
services.
2.
It is
a process of conversion of inputs to outputs by value creation.
Objectives:
The
objectives of operations management are broad and changes with respect to each
organization depending upon their Targets.
They are broadly classified as,
1.
Suppliers-maintain
close tie-ups, provide required information.
2.
Customers-quality
products with minimum price, providing products at right time to right person.
3.
Society-Environmental
friendly products, Maintain long-term relationships.
4.
Shareholders-Maintain
ethics and integrity.
5.
Employees-fair
pay, Training and development.
Depending upon
the performance the competitive objectives are:
1.
Quality - Error
free
2.
Speed - On
time delivery
3.
Flexibility - Ability
to change
4.
Dependability
5.
Cost - Minimize
cost and maximize value
Scope of
Operations Management:
Operations function includes,
·
Forecasting
a)
Involved
in product and service design
b)
Process
selection
·
Capacity
planning
a)
Location
planning
b)
Facilities
planning
·
Scheduling
a)
Design
of work systems
·
Managing
inventories
·
Assuring
Quality
a)
Quality
improvement
·
Motivating
and Training employees
Career
Opportunities:
·
Operations
Manager
·
Production
Analyst
·
Production
Manager
·
Industrial
Manager
·
Time
study Analyst
·
Inventory
Manager
·
Purchasing
Manager
·
Schedule
co-ordinator
·
Distribution
Manager
·
Supply
chain Manager
·
Quality
Analyst
·
Quality
Manager
