BSM311-Operations Management Submission 7th January 2013 Arif Tigadi 1109988 Operations Management Strategy of Tata Motors Word count : 5051 1 BSM311-Operations Management Submission 7th January 2013 Arif Tigadi 1109988 Executive summary: This report discusses the Operation management of India’s leading and the largest automobile manufacturer “Tata Motors”. In today’s business environment Operations management plays an important role in deciding the success of the company .Operations
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serve its global customers. A company ’s executives and managers often develop location strategies‚ but they may select consultants (or economic development groups) to undertake the task of developing a location strategy‚ or at least to assist in the process‚ especially if they have little experience in selecting locations. Formulating a location strategy typically involves the following factors: 1. Facilities. Facilities planning involves determining what kind of space a company will need given
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Operations management and operations strategy are two very important undertakings for any company that is involved in the production of products and services. This is because operations management ensures that raw materials are successfully converted to finished goods‚ while operations strategy makes sure that whichever goods or services produced have a competitive advantage over similar products offered by rival companies. It is from the business strategy that the operations strategy is derived
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Contents Introduction 1 Defining tour operator 2 Effect of Current and recent trends and development on the tour operations sector 2 Tour operations sector 3 Holiday package 4 Audiences 4 Planning stages 5 Negotiation 7 Details of negotiation 7 Contracting: 8 Pricing details 8 Travel tour operators sell price 9 Brochure planning 9 E – Brochure 9 Appropriateness of E – brochure 10 A case study of Thailand E- brochure 10 Methods of distribution use to sell a holiday
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------------------------------------------------- The Production/Operations Function In Business A. True/False 1. Production/operations Management refers to creation of goods whereas production refers to the creation of services. 2. All organisations‚ including service organizations such as banks and educational institutions‚ have a production function. 3. Production is a creation of goods and services. 4.
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Forecasts for groups of items tend to be more accurate than forecasts for individual items. Forecast accuracy decreases as the time period covered by the forecast-the time horizon-increases. Steps in the Forecasting Process There are five basic steps in the forecasting process: 1. Determine the purpose of the forecast and when it will be needed. This will provide an indication of the level of detail required in the forecast‚ the amount of resources (manpower‚ computer time‚ dollars) that can
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well as employ various forms of operations management concepts to improve the effectiveness and efficiency of hospitality service operations. This essay aims to discuss various service operations concepts that are currently applied in the industry to increase efficiency and effectiveness of the service process which will benefit hospitality firms in view of the economic challenges faced today. Demand and capacity management Demand and capacity management has always been an issue for service-oriented
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Role of Operations Function The role of the operations function is important because it influences how operations managers understand their customers and translate their customers’ needs into performance objectives. In turn‚ the performance objectives (and especially the relative importance of each one) influence the overall operations strategy of the business. Product Design Product design is a critical task because it determines the characteristics and features of the product‚ as well as how
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1. Why should one study operations management? Operations Management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. • Operations Management is one of the three major functions of any organization‚ and it is generally related to all the other business functions. All organizations market (sell)‚ finance (account)‚ and produce (operate)‚ and it is important to know how the Operations Management activity functions. Therefore‚ we study
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period between buying materials and collecting cash. And the third period is the period between selling the product and collecting cash. Cash flow management should be done carefully. The mistakes which are made during calculation of NPV and IRR can be compensated‚ but cash flow must be designed well. While the company makes cash flow endeavoring‚ the collection time and collection amount are assumed pessimistic in order to be well-prepared towards collecting problems. The payment should
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