OPERATION MANAGEMENT IS IMPORTANT TO ALL BUSINESS
To be able produce specialized managers capable of fulfilling strategic tasks within business and government enterprises the need for the practice of operations management cannot be forgone. Operations management is very significant in business operations since it forms the heart of the organisation by controlling the system of operation. Operations management deals with the design, operation, and enhancement of the systems that generate and deliver a firm’s primary products and services. Like marketing and finance, operations management is a well-designed field of business with clear management responsibilities. Panasonic Corp. is a company in which produces various electronic components such as Audio, Video, Televisions, Information and Communication, Semi-conductors and other Electronic Components. In a business entity like Panasonic Corp. the use of operations management is very essential in every framework of the company’s activities. Panasonic Corp. uses operations management to ensure and maintain competence and effectiveness in the organisation. Efficiency in Panasonic Corp. is concerned with how well resources such as individual expertise and inputs are put in use irrespective of the reason for which they were deployed in the organization. The company through its performance ensures that the main objective for its establishment to generate profits and maximize shareholders value is realized. The company reduces its cost of production by ensuring that tangible and intangible possessions are not over stretched or wasted in the organisation. This is a situation where the company carries out effectively its goals to be the market leader using minimum resources to attain maximum output. The methods of effectiveness and competence in Panasonic Corp. leads to labour efficiency, yield, and capability fill working capital utilization and the efficiency of production systems. Panasonic Corp. also makes fine use of its products and services management through operations management. Product (or service) management includes a broad range of management activities, ranging from the time that there's a new idea for a product to ultimately provide ongoing support to consumers who have purchased the fresh and innovative product. Every organization conducts product supervision, whether it's done deliberately or not deliberately. Panasonic Corp. through this module provides a wide idea of considerations in producing and managing its goods. Panasonic Corp. uses it hub competences in the areas of manufacturing, branding, promoting through wholesale and retail outlets to achieve competitive benefits in the market place. Quality management is also a very essential aspect of operations management in every organisation. Panasonic Corp. is very crucial about its products developed for the consumer in the market place. Quality management is vital to effective operations management, particularly ongoing perfection to match the consumers taste and preference at all times. Management Control and Coordinating Function cannot be forgone in operations management particularly in a company like Panasonic Corp. Management control and coordination includes a wide series of activities to make certain that the company’s objectives are consistently being met in an effective and efficient style. Key approaches to the company’s organizational control and coordination contain product assessment, product allocation, marketing and promotion, sales and service and product advancement. The company also uses advertisements as a major tool to reach the customer. In this increasingly expanding and competitive marketplace, the company make sure its products and services are notably in the minds of their customers and clients. This occurs as a consequence of ongoing promotion and advertising by the company. Facilities management is also an essential task and its importance on operations management for Panasonic...
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