References: Russell, R. S., & Taylor, B. W., III. (2011). Operations Management: Creating Value along the Supply Chain (7th ed.). John Wiley & Sons, Inc.…
Operations and supply chain management: the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services…
Prerequisites: classified CBE status, ISDS 513 (may be taken concurrently). Role of the operations management function in the modern manufacturing and service organization and its interaction with the other functions. Formulation of operations strategy consistent with organizational strategy, operations planning, organization, directing and control activities. Long term and short term decision areas in operations management and decision-making tools and techniques. Global, environmental and ethical issues.…
Reassess the decisions made by the Operations Management department to ensure products are made efficiently and…
Operation management is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services. Somerset furniture company’s global supply chain was getting lose its competitive edge and even faced shipments delayed by as much as 40%. The company prides itself on customer service and fears that late deliveries to its customers would harm its credibility and result in lost customers and excessive inventories.…
Executive Summary ................................................................................................................................. 3 Introduction ............................................................................................................................................ 3 Outstanding Operational strategies ..................................................................................................... 4 Layout ................................................................................................................................................. 4 Forecasting .......................................................................................................................................... 5 Product life cycle ................................................................................................................................. 5 Product Design and Supply Chain Management ................................................................................... 5 Marketing ............................................................................................................................................ 5 Just in time .......................................................................................................................................... 6 Vertical Integration .............................................................................................................................. 6 Incorporation of Bershka ..................................................................................................................... 6 Conclusion ............................................................................................................................................... 7 Bibliography…
September 7, 2011 was an epic day for American fast-fashion fans. The Spanish retailer, Zara, owned by parent company Inditex, finally launched its ecommerce site. What on earth took them so long?…
Week 1 - Operations Management and the Value Chain 2 Unit 305 – Operations Management Course Details In this topic we will consider the nature and strategic importance of operations management. We will define the important terms we will be using throughout this unit and trace the evolution of operations management from the Industrial Revolution on. We will consider in some detail the rise of manufacturing and services, and the concept of the value chain.…
The operations management cares about the study of how products and services are created in an efficient way while meeting customer needs. The main focus lies in managing the process that convert raw material or human labor into goods and services. According to article written in the Journal of Supply Management by Sengupta, K; Heiser, D; Cook, stated:…
Managing operations in both manufacturing and service organizations have evolved tremendously over the years with the change in market requirements. The market has become global, thereby compelling enterprise operations to keep up. The application of information technology/information systems (IT/IS) and outsourcing in managing operations have significantly altered the landscape of operations management (OM) strategies, techniques, and technologies. Consciousness towards environmental and safety also urges companies to examine their OM approach and manufacturing from various perspectives. Recently, energy cost and protection against terrorism have changed the portfolio of enterprise operations and therefore the approach to OM. Now, it is time to revisit the OM principles, curriculum, and training at the institution of higher learning and industries. Moreover, manufacturing has become more of a service activity, indicating significant service OM, including project management. The profile of service industries has also changed in view of the emergence of globalization, outsourcing, and IT, coupled with the rapid economic growth of emerging economies such as Brazil, Russia, India, and China (BRIC). In fact, services account for approximately 80% of the US gross domestic product (GDP); this is also a growing figure of the GDPs of other countries over the world. Again, service OM needs to be revisited in the context of the abovementioned paradigm shifts. In considering the significance of the above-mentioned changes in the market and society as a whole, an attempt is made to study the evolution of OM and subsequently to develop a framework for new OM strategies and tactics that will support the competitiveness of organizations within the next 10–20 years.…
Operations management is defined as “the activity of managing the resources which produce and deliver products and services” (Slack et al. 2010 p4). This encompasses the entire activity carried out within the organization. With increasing pressure on organizations to deliver optimally at reduced cost, the role of operations has been transformed from that of strategy implementer to one of strategy driver.…
In the competitive world of business, it is important to use skilful workforce in any organisation to help take advantage of all the resources available to the company to maximize their profit and be efficient in every way possible. It is therefore the duty and obligation of the operation management to see that all these are made possible. The operation management of the company must have proper experience and knowledge of how to handle different situations, how to manage resources, and mainly tackle any kind of problem that may arise during the functioning of any department in the company.…
The purpose of this essay is to discuss different supply chain management approaches taken by H&M, Benetton and Zara. It is first necessary to explain what a supply chain management means. Supply chain management involves planning, design, maintenance and control of the flow of materials and information along the chain in order to efficiently satisfy customer's requirements (Schroeder, 2000). Such an approach, of looking at the entire supply network helps organisations identify their competitive advantages and parts of their processes that contribute the most to the performance objectives that are of the greatest importance to the customers (Slack et al., 2007). It also helps to develop long-term strategies for the company based on the identified advantages.…
Zara’s supply chain is efficient mainly in terms of time and inventory management as discussed below.…
principles and best practices related to managing operations. It is designed to serve as the…