What Operations Management is

Posted: August 27th, 2021

What Operations Management is

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Question 1

Operations management (OM) is the organization of business practices in a bid to craft the optimumpotential efficiency within a business setup. Therefore, OM is associated with the conversion of labor as well as materials into products efficiently, thus maximizing the profits of the said business (Ruffini et al., 2020). Apart from that, OM fits into an organization in the way it helps a business manage, control, and supervise all the functions, such as production, marketing, finance, and human resources.

Question 2

Operations managers tend to hold the following titles like Operations Manager, Supply Chain Manager, Operations Analyst, Operations Officer, Supply Chain Coordinator, Inventory Manager, and Inventory Controller (Lewis, 2019).

Question 3

According to Heizer, there are 10decisionswhich pertain toOM, as follow.

1. Designing of products based on market research, forecasting, and trends.
2. Quality management is a decision that involves iterative testing and debugging to make a product less erroneous (Bayraktar et al., 2007).
3. Process and capacity design is a decision that involves retaining the same number of production workers despite increase in demand.
4. Location strategy entails making decision based on equitable distribution of products.
5. Layout design as well as strategy decisionthat encompasses designation of workflows and facilities (Bayraktar et al., 2007).
6. Human resources and job designdecision involves matching employees perfectly to their expertise and competence.
7. Supply chain managementencompasses advanced information systems to impact the supply chain positively. 
8. Inventory management entails fitting dissimilarkinds of inventory which match to the needs of varied business organizations (Bayraktar et al., 2007).
9. Scheduling is one of the decisions signaling the use of automatons.
10. Maintenance involves making the right decision concerning servers, facilities, and information system.

Question 4

According to Marcus Lemonis, the 3Ps of running a business involve people, process, and product. Therefore, the 3 Ps are formulated into OM in respect to finding the right individual for the job, who would initiate effective process to create products (Marcus, n.d.).

Question 5

There are various fundamental criteria for endorsing the operations strategy. I consider customer-driven strategies as a measure of understanding the tastes and preferences of each client, thus providing them with more customized products (Rytter et al., 2007). Therefore, customer-driven strategies are widely endorsed by many businesses because they have far-reaching positive consequences.

References

Bayraktar, E., et al. (2007). Evolution of operations management: Past, present and future. Management Research News, 30(11), 843-871. doi:10.1108/01409170710832278

Lewis, A. M. (2019). Operations management: A research overview. doi:10.4324/9781351034982

Marcus, L. (n.d.). What people/process/product means and how it can help your business. Retrieved from https://www.marcuslemonis.com/business/3ps-of-business

Ruffini, J. A., et al. (2020). Organization design in operations management. International Journal of Operations & Production Management, 20(7), 860-879. doi:10.1108/01443570010330801

Rytter, M. G., et al. (2007). Conceptualizing operations strategy processes. International Journal of Operations & Production Management, 27(10), 1093-1114.doi:10.1108/01443570710820648