Operations Management in Business

Topics: Management, Project management, Operations management Pages: 16 (4025 words) Published: May 29, 2014
Operations Management in Business


Table of Contents
Introduction..............................................................................................................................3 LO 1
LO1.1 Explain the importance of operational management.......................................................4

LO1.2 Explain the need to produce safely; on time; to cost; to quality and within the law......6 LO1.3 Explain the link between operations management and strategic planning.....................7 LO1.4 Produce a systems diagram to illustrate a typical business..........................................8 LO 2

LO2.1 Explain the ‘Three Es’ (economy, efficiency and effectiveness).................................10

LO2.2Explain the tension between cost minimisation and quality maximisation..................11

LO2.3 Evaluate the significance of the five performance objectives that underpin operations management.............................................................................................................................13 LO 3

LO3.1Explain linear programming.........................................................................................15

LO3.2 Evaluate critical path analysis and network planning...................................................17

LO3.3 Explain the need for operational planning and control.................................................18 LO 4
LO4.1 Produce a set of clearly defined operational outcomes.................................................20 LO4.2 Produce a network plan and indicate the resultant critical path....................................21

LO4.3 Explain how quality could be defined and maintained.................................................22

Conclusion and recommendation.........................................................................................24 Reference................................................................................................................................25 Introduction

In writing this assignment the template provided by the college has been used helping in completing the Assignment in the correct format. Information for this assignment has been collected from various sources such as academic pieces of writing from textbooks and lecture notes. Information on the company has been gathered from the organisations website, journal articles and government statistics. References will be provided at the end of the assignment under the referencing section.

LO1: Understand the structure and aims of business organisations

LO1.1 Explain the importance of operational management
Operation management can be identified as a complete set of managerial activities employed by the organization to transform resource inputs into product and service outputs. So the resource inputs are the factors of production such as materials, parts, supplies, technologies, capital, human resources and information. The transformational process is that set of activities through which operations managements produces output that is value to a customer or client in the organization’s external environment. So the concept of adding value is critical to operations management. So when operations add value to the original cost of the resource inputs, where a business can generate profit or non profit org can provide public services to the society. So no organization can be successful unless they manage their operations efficiently. An organization has to manage its operations in an effective manner so that customers will get a satisfactory output.

Why an operation manger position is important to Kingslice
1.To take capacity decisions:
That is as operation manager, has to decide how much capacity will be needed and need to identity how flexible capacity should be. 2.To take facilities decisions:
So operation manger has to decide where...
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