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Operations Management

February 12, 2014 0 Comment

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This project covers the decision-making processes used in operations management, and the quantitative tools used to make effective decisions. Key areas process planning and analysis, quality management, operations strategies, facilities layout, forecasting, scheduling, and project management.
It is expected that the student will develop an understanding of the strategic importance of operations and how operations can provide a competitive advantage in the marketplace.
The link between operations and other business functions such as marketing finance, accounting, and human resources will be emphasized.
The major focus of the project is to present operational aspects as a competitive dimension. Choose a company of your choice and describe how you would improve and enhance their current operational defectiveness. Compare how they currently perform this operation and how you would improve/enhance your selected companies operation.
Within your answer you should describe your strategic approach, financial management, your choice of operation, designing, and controlling the process of production and redesigning business operations in the production of goods or services, responsibility of ensuring that business operations are efficient in terms of using as few resources as needed, and effective in terms of meeting customer requirements.
Your answer should be concerned with managing the process that converts inputs (in the forms of materials, labor, and energy) into outputs (in the form of goods and/or services). Compare the current process to the new improved process you have created.
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