Need assistnace on operations mangement project
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operation management for mba pdf download
What does operations management involve?
Operations management is chiefly concerned with planning, organizing and supervising in the contexts of production, manufacturing or the provision of services. As such, it is delivery-focused, ensuring that an organization successfully turns inputs to outputs in an efficient manner. The inputs themselves could represent anything from materials, equipment and technology to human resources such as staff or workers.
Examples of the types of duties or specialist positions this encompasses are procurement (acquiring goods or services from external sources), managing relations with those involved in processes, and improving a company’s sustainability with regard to its use of resources.
Two key terms for operations management
There are two big terms that can help answer the question of what is operations management more precisely: supply chain management and logistics. Operations management has firm foundations in both areas. For example, understanding global trends in supply chain management in order to meet client demand is often critical. With logistics, the careful and considered use of resources, as well as cost-effectiveness, has become increasingly important in an era in which resources can often be in short supply and customer expectations have skyrocketed.
Skills required of an operations manager
There are strong parallels between the skills required for effective operations management and those needed in both logistics and supply chain management. Consummate organizational ability is crucial in successfully enhancing efficiency and driving productivity as an operations manager.
One must be able to understand the series of processes within a company in order to get them to flow seamlessly, and in this sense the role is directly related to supply chain management. Meanwhile, the coordination involved in setting up these processes in practice represents logistics; the combination of understanding and coordinating the work of a company are therefore central to being a successful operations manager.
The MBA in operations management
An MBA in operations management or a specialization in a related field, such as logistics or supply chain management, should help students to enter the industry by developing the requisite skillset or to help those already in the industry to widen their knowledge and push on into a business leadership role.
Studying an MBA in operations management commonly offers a global perspective on industry trends and an awareness of any financial regulations or political uncertainties that could impact an organization. Indeed, risk management, getting to grips with the industry’s inherent complexities and responding well to change will be a strong consideration for students during their course.
Emphasizing the importance of strategic thinking is also a cornerstone of many leading operations management programs, something that should enable graduates to ensure their organization stays ahead of its competition.