OPERATION MANAGEMENT

Defi nition:-operation management is that core

management activity which involves transformation of
input into output , in form of goods and services.
Role of operation management:
1)Helps in coordination
2) Helps to eliminate ineffi cient and ineff ective
operations
3)Helps to minimize wastage.
4)Helps to enhance consumer relations
5)Helps in value creation.
6)Helps in improved productivity and effi ciency.
SCOPE OF OPERATION MANAGEMENT
Forecasting
Capacity planning
Scheduling
Quality control
Inventory management
Product planning and control
Plant location
Plant layout
Supply chain management
INTODUCTION TO PERATION STRATEGY
All business organizations are concerned with how they will survive and
prosper in the future
An organization's operations are strategically important precisely because
most organization activities comprise the day-to-day activities within the
operation functions.
The relationship between organization strategy and its operations is a key
determinant of its ability to achieve long-term success or earn survival.
FEATURES:
Improve responsiveness
a)Time response
b)Increased productivity
Reduce prices
Quality improvement
Elements of operations strategy:-
Production system positioning
Line flow production
a)Produce-to-stock policy
b)produce-to-order policy
Product planning
Outsourcing planning
Process and technology planning
Facility planning
OPERATION STRATEGY
MARKET ENVIROMENT