Operations Management seth, logan

Define operations management

• a person's regular occupation, profession, or trade

• the administration of business practices to create the highest level of efficiency possible within an organization.

• the practice of making one's living by engaging in commerce.

• an affair or series of events, typically a scandalous or discreditable one.

Describe the decisions and activities of the operations manager in overseeing the production process in a manufacturing company.

• Management. Another aspect of operations management is inventory. Operations managers have to identify which and how much stock they need to order

• challenges that limit quality assurance in many businesses include low commitment from management.

• make informed decisions about how to allocate resources, including raw materials, labor, and equipment, in order to maximize productivity and minimize costs.

• Product design and development in OM is the process of creating a new product or improving an existing one.

how to create and use both PERT and Gantt charts.

• Organizations generally use Gantt charts for tracking the status of tasks and highlighting scheduling constraints.

• PERT and Gantt charts enable project managers to track tasks and project status. PERT charts display tasks in a network diagram, highlighting dependencies; Gantt charts show tasks and timelines in a bar graph. Both have a place in the PMBOK’s.

• Project managers might also use them before a project to break down tasks into smaller tasks. Here are some characteristics of a Gantt chart.

• Gantt and PERT charts are two of the most common graphical tools used by operations managers to diagram the activities involved in producing goods.

Explain how manufacturing companies use technology to produce and deliver goods in an efficient, cost-effective manner.

• Is your company hiring too many employees to fulfill tasks that could be automated? Technological advancement can help give companies the chance to operate with a lower number of employees. Does it mean that the quality of work is compromised? Not at all. Automation can even improve work that is accomplished.

• Manufacturing cost shouldn’t be just about the finished product. If the product is faulty, this will also be a liability to your company. You will have to deal with the cost of repairs, not to mention refunding your customers.

• CAD/CAM systems permit companies to design and manufacture goods faster, more efficiently, and at a lower cost

• Green and efficient technology is now in demand. And it is in demand for good reasons. It performs the same amount of work for businesses but also saves the environment in the process. In return, it gives companies savings.

Describe the decisions made in planning the product delivery process in a service company.

• Strategic planning develops long-term direction and broad goals that align an organization with its objectives.

• Describe the decisions made in planning the product delivery process in a service company. Identify the activities undertaken to manage operations

• Risk Analysis. As per Big 4 audit firms, some of the modern business's existential risks include data security, IT governance, and cybersecurity.

• Then you need budgeting and accounting software to streamline the budgeting process.

List the characteristics that distinguish service operations from manufacturing operations and identify the activities undertaken to manage operations in a service organization.

• There are five main differences between service and manufacturing organizations: the tangibility of their output; production on demand or for inventory; customer-specific production; labor-intensive or automated operations; and the need for a physical production location.

• Scheduling. In manufacturing, managers focus on scheduling the activities needed to transform raw materials into finished goods.

• Communication. Effective communication helps operation managers to manage relationships with all stakeholders in a business.

• Leadership. Some operational managers have a natural affinity for leadership.

Explain how manufacturing and service companies alike use total quality management and outsourcing to provide value to customers.

• Purchasing and Procurement. It is the process of obtaining goods and services from suppliers for use in an organization.

• Overseeing a service organization puts special demands on managers, especially those running firms, such as hotels, retail stores,

• manufacturing and service companies alike use total quality management and outsourcing to provide value to customers. What do you do if you get

• Operations managers use organizational skills to complete various tasks and meet project deadlines.