Subject: Principles of Management Subject code: MG2351 by Edna Elizabeth.N Associate Professor ECE department What’s Your Global Perspective? • Parochialism – Is viewing the world solely through one’s own eyes and perspectives. – Is not recognizing that others have different ways of living and working. – Is a significant obstacle for managers working in a global business world. – Is falling into the trap of ignoring others’ values and customs and rigidly applying an attitude of “ours is better
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FUNCTIONS OF MANAGEMENT Planning It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. According to KOONTZ‚ “Planning is deciding in advance - what to do‚ when to do & how to do. It bridges the gap from where we are & where we want to be”. A plan is a future course of actions. It is an exercise in problem solving & decision making. Planning
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PRODUCTION & OPERATIONS MANAGEMENT MB0044 SET I 1. Explain in brief the origins of Just in Time. Explain the different types of wastes that can be eliminated using JIT. Just-in-Time (JIT) is a production strategy that strives to improve a business’ return on investment by reducing in-process inventory and associated carrying costs. Just In Time production method is also called the Toyota Production System. To meet JIT objectives‚ the process relies on signals or Kanban between different
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Definitions in Operations Management OPERATIONS: Any activity that transforms and adds value to an input stream. The input stream can be a physical entities‚ services‚ or flows. The valued added transformation produces products or services that are designed to meet a customer demand. Operations range from processing loan applications to production of computers‚ to designing buildings. FLOW SHOP: An operation that produces products at volume in a continuous flow or by a well-defined‚ connected
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Polytechnic University of the Philippines Sta. Mesa‚ Manila College of Accountancy ACCO3073 – Production and Operations Management ANALYSIS OF OPERATIONS MANAGEMENT OF HONDA MOTORS CO.‚ LTD by Emmanuelle Jan G.Selloria Ayessa Faye G. Sibayan Arnie C. Talanay Joanna Marie A. Tambis BSA‚ 3-4D Professor Maria Luisa U. Oliveros Company Name Honda Motor Co.‚ Ltd. Head Office 1-1‚ 2-chome‚ Minami-Aoyama‚ Minato-ku‚ Tokyo 107-8556‚ Japan Tel: +81-(0)3-3423-1111
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Introduction Operation management focuses on carefully managing the processes to produce and distribute products and services. Overall activities of operational management include product creation‚ development‚ production and distribution. Related activities include managing purchases‚ inventory control‚ quality control‚ storage‚ logistics and evaluation (schmenner‚1985). Operational management often includes substantial measurement and analysis of internal process. Ultimately
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productivity and knowledge by 50% Operations management- the science and art of ensuring that goods and services are created and delivered successfully to customers. Planning Directing Controlling Organizing Government regulations- California 2006 Increase mpg standard for all vehicles or pay fine Lots of hybrids sold but companies that didn’t have hybrids couldn’t sell (gm‚ ford‚ Chrysler) Why is operations management important Heart of organization Operations are task that create value
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GKM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF MANAGEMENT STUDIES BA 9221 OPERATIONS MANAGEMENT TWO MARK QUESTIONS Unit I 1.Define Production Management It is the process by which raw material and other inputs are converted into finishedgoods. 2.What are the needs or Objectives of Production Management. To manufacture the products as per the specification To effectively manage the available resources and facilities To produce products as per the market requirement . 3
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Saint-Gobain Containers Andrew Vaccarezza Ryan Russell 05/17/2007 INTRODUCTION 3 BACKGROUND 3 STUNNING FIGURES 4 OPERATIONS OF THE GLASS MAKING PROCESS 5 RAW MATERIALS 5 MELTING 6 CONDITIONING 6 FORMING 7 ANNEALING 8 INSPECTION 9 PACKAGING 10 CONCLUSION 10 Introduction Saint-Gobain Containers is one of the leading glass packaging companies for the food and beverage industry. Employing over 4‚000 people and having 14 locations in North America‚ Saint-Gobain Containers
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1. Executive Summary A ll organizations possess operations functions of some sort because every one of them provides product and or services to its customer. According to Slack‚ Chambers & Johnston (2010)‚ the operations function actually ranks as one of the three core functions in any company. As a central function in any organization‚ it produces the output required that the company needs to stay in business. What makes operations management so important is the critical role it plays in making
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