Premium Essay

Operations and Material Management in Business

In: Business and Management

Submitted By hbelieu
Words 2278
Pages 10
Week 8 Developing Good Business Sense Assignment 67/75 92% A- | Operations and Material Management in Business | | Heidi Belieu | BUS/210 | Robert Shereda | 11/4/2012 |

Developing Good Business Sense- Why Do Operating Systems Differ? Many people take the way goods and services are provided to them for granted. They do not think about the nature of the operating system that produces the goods and services they receive. To improve your understanding of how OMM processes work, complete the following assignment. 1. Choose three companies and observe how employees do their tasks. These can be three different fast-food restaurants or three entirely different types of companies, such as a fast-food restaurant, department store, or the emergency room of a hospital. 2. Think about the differences in the operations involved in the input, operations, and output stages of these companies. Try to identify the nature of their operating systems. Are employees organized in different ways? If so, why? If possible, talk to the managers and employees in these operations to further your analysis. 3. What are the main kinds of OMM costs companies have? How does this affect their OMM operations? 4. How do companies design their operating systems to give them a competitive advantage? Operations and Material Management in Business |

I will establish the differences in the operations involved in the input, operations, and output stages of three local businesses that I access almost every day. Next, I will identify the nature of their operating systems that produce the goods and services that I receive when I visit these establishments. This is determined by my observations of the employees while performing their job tasks and talking with some of the employees and managers during my various visits. Then I will describe the main kinds of operation material management…...

Similar Documents

Free Essay

Essay on Business Operations Management

...difference between break and continue statement? break ends a loop completely, continue just shortcuts the current iteration and moves on to the next iteration. http://stackoverflow.com/questions/4364757/difference-between-break-and-continue-in-php http://php.net/manual/en/control-structures.continue.php continue 0; and continue 1; is the same as running continue;. 11) Can we give parameter to continue()? continue accepts an optional numeric argument which tells it how many levels of enclosing loops it should skip to the end of. What is the difference between the functions unlink and unset? unlink() is a function for file system handling. It will simply delete the file in context. unset() is a function for variable management. It will make a variable undefined. How do I open a file to write content to? Working with files and folders in PHP is fairly easy though it can take a little while to get used to. You need to create a filehandle, which is a pointer to a file, that you wish to write too. Use the fopen function to open a file, and pass the name of the file as the first parameter and what you want to do with it second - in this case 'w' for write. Then simple use fwrite to write to your file, and close it with fclose. Here's a simple example that will create a file in the directory called example.txt and write to it with just a few lines of PHP......

Words: 5893 - Pages: 24

Premium Essay

Operations and Materials Management

...1. Assignment: Developing Good Business Sense Due Day 7 (Sunday, 4/21), posted into your Assignments Link • Resources: Ch. 12 of Introduction to Business • Read the Developing Good Business Sense activity on p. 394 of the text. • Answer Questions 1–4 from the activity in a 700- to 1,050-word paper in APA format. • Post your paper as an attachment. Written Assignment Grading Form for Good Business Sense Paper, Due in Week Eight |Content and Development |Points Earned | |70 Points |XX/70 | | |Additional Comments: | |All key elements of the assignment are covered in a substantive way. | | |The paper answer Questions 1–4 from the Developing Good Business Sense activity on p.| | |394 of the text. | | |The paper is 700 to 1,050 words. | ...

Words: 1297 - Pages: 6

Premium Essay

Operations Management

...CHAPTER 2: Company Overview 5 CHAPTER 3: Operation Management an Introduction at ETA 6 3.1 Managing the 5Ps 6 3.1.1 Concept of 5Ps In Operation Management 6 3.1.2 Managing the 5Ps of Operation Management by ETA 7 3.2 Transformation Process 8 3.2.1 Concept of Transformation Process 8 3.2.2 Practice Of Transformation Process In ETA 9 3.2.3 Implication & Analysis On Transformation Process in ETA 9 3.3 Vs Of Operations 11 3.3.1 Concept Of 4Vs in Operations 11 3.3.2 Implications of 4Vs in ETA 12 CHAPTER 4: Process Design 13 4.1 Concept of Process Design 13 4.2 Process Design In ETA 14 4.2.1 Production Process Involved 14 4.2.2 Production Strategies Involved 15 4.3 Implication and Analysis of Process Design in ETA 15 CHAPTER 5: Plant Layout 17 5.1 Concept Of Plant Layout 17 5.2 Plant Layout Used In ETA 17 5.2.1 Cellular Layout 18 5.2.2 Process or Functional Layout 18 5.3 Implications And Analysis of Plant Layout in ETA 18 CHAPTER 6: Capacity Management 19 6.1 Concept Of Capacity Management 19 5.2 Capacity Management In ETA 20 5.3 Implication And Analysis of Capacity Management In ETA 20 CHAPTER 7: Conclusion 21 Reference 22 CHAPTER 1: Executive Summary CHAPTER 2: Company Overview Operation management involves the management of the systems and process that are required to create the goods and/or services. Stevenson (2007) stated that operation management is the management of the part of the organisation......

Words: 3476 - Pages: 14

Premium Essay

Operation Managements

...Part One Introduction 1. The Operations Function 3. Product Design The introductory part of this book provides an overview of the operations management field and some of the prerequisites for decision making in operations: operations strategy and product design. After reading this part, the student should have an appreciation for the importance of operations to the firm, the major decisions made in operations, the linkages of operations decisions to other functions, and the need for strategy to guide all operations decision making. New-product design is treated as a cross-functional decision responsibility that precedes production of goods or services. 2. Operations and Supply Chain Strategy Chapter One The Operations Function Chapter outline 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Why study operations management? Definition of operations management Decisions at Pizza U.S.A. Operations decisions—a framework Cross-functional decision making Operations as a process Contemporary operations themes Key points Student Internet exercises Discussion questions Selected bibliography “What Is OM?” Vol. XI 2 Operations management, as a field, deals with the production of goods and services. Every day we come in contact with an abundant array of goods or services, all of which are produced under the supervision of operations managers. Without effective management of operations, a modern industrialized society cannot exist. Operations is the engine that creates profit for the enterprise...

Words: 8019 - Pages: 33

Premium Essay

Operations Management

...Spring 2011 - DS 3520 OPERATIONS MANAGEMENT Course Number and Title: Operations Management - DS 3520 (3 semester hours) Prerequisite: Junior or Senior standing and must have passed ECON 3610 (Statistics). This applies to all students regardless of their major in the University. Course Description (from current catalog): Management of the processes, resources, and technologies in the production of goods and services. This course will cover topics concerning the design, operation, and improvement of production systems. These are topics such as operations strategy, capacity planning, design and analysis of processes, quality management management systems, supply chain management, production planning and inventory management. It will also address important business issues and contexts such as sustainability, strategic partnerships and alliances, global competitiveness, quality and productivity, and lean production philosophy. Learning Objectives and Expected Learning Outcomes: The learning objectives and expected learning outcomes are: 1) To introduce the fundamental concepts of Operations Management; to provide factual knowledge, terminology, methods, and theories of the field required for the management of the transformation process by which inputs are converted into useful goods and services in a production system. Students will demonstrate the understanding of the key terminology and concepts of operations management. This is......

Words: 2768 - Pages: 12

Premium Essay

Operation Management

...Chapter 1 Competing with Operations Foundations of Operations Management, Ritzman & Krajewski © What Is a Process? • Process – Activities that transform inputs, add value and generate output(s) • Examples: – Manufacturing process • Furniture manufacturing: cutting or staining wood – Non-Manufacturing Process • Checking in passengers Foundations of Operations Management, Ritzman & Krajewski © 1-2 Processes & Operations Internal and external customers Inputs • • • • • • • • Workers Managers Equipment Facilities Materials Services Land Energy Processes and operations 1 3 5 2 4 Outputs • Services • Goods Figure 1.1 Information on performance 1-3 Foundations of Operations Management, Ritzman & Krajewski © Nested Processes at a Large Bank BANK Operations Cash Management Loan operations Trading operations Others ATM Support Customer transactions Service quality Others Maintain Cards Research problems Site analysis Others Retail Distribution Compliance Finance Human resources Teller Line Transactions Track branch sales ATM hotline Others Process Deposits Cash checks Safe deposit boxes Others Products Auto Finance Cards Mortgages Others Credit Applications Manage retail products Originate lease portfolio Others Loan Documentation Review credit standing Obtain manager approval Others Wholesale Trading Loan administration Leasing Others Fund Management Market making spot Dealer support Others Prepare Reports Attend......

Words: 1331 - Pages: 6

Premium Essay

Operation Management

...Question 1 Operation management is the term used in managing resources for produce and delivery of goods and services, by using the most cost-saving and effective ways (Pycraff, 2000). Consequently, it would be clear that operation management is important in CDS. This is because a well operation management can lead to the minimization of production costs, successfully met with customer’s requirement and the increase of business revenues. Operation management is directly responsible to design the operation and system processes for the products and services. Next, operation management is requires to plan and control the activities of operation, yet they have to detect and respond to deviation from the operation. (Wps.pearsoned.co.uk, 2010) In general, these responsibilities can be emphasized through Sandra White, the Planning Manager in Concept Design Services (CDS) whose is in charge for all manufacturing and distribution activities in the organisation. For example, she has subcontracted some of the lower end products assembling jobs to other smaller moulding companies as to increase the production volumes and control its production costs. Furthermore, operation management in an organisation is indirectly responsible to work closely with other functional areas of business, for instance, Marketing, Accounting and Finance and Human resources (Pycraff, 2000). Also, they will have to encourage those functions to suggest ways that can improve its “service” to the rest of......

Words: 2088 - Pages: 9

Premium Essay

Operations Management in Charcoal Business

...PYRSOS CHARCOAL BUSINESS By George P Athinis Table of Contents Introduction 2 Transformation Process 2 2.1 Inputs 3 2.2 Process 3 2.3 Outputs 4 Quality Management 5 3.1 Total Quality Management 6 3.1.1 Meets the needs and customers expectations 7 3.1.2 Covers all parts of the organization 7 3.1.3 Every person in the organization contributes to quality7 3.1.4 All cost of quality are considered 7 Conclusion 8 References 10 ------------------------------------------------- Summary ------------------------------------------------- This paper will examine the quality management of PYRSOS ltd, Charcoal operation company. Following a brief overview of the company’s objectives and the transformation process taking place between the inputs and outputs, the quality management of the company will be analyzed regarding the constraints involved, equipment effectiveness, forecasting techniques and quality management plans by applying relevant academic theory. 1.0 Introduction “KRONOS PRESS DISTRIBUTION AGENCY” and PYRSOS LTD Kronos Press Agency PLC LTD, is the market leader in Cyprus in press distribution. The company was established since 1986 as a private enterprise. The mission of the company was to distribute the press to every spot in the island of Cyprus, in the most cost and time efficient way, with respect to the publisher, the kiosk and the readers. Kiosks had always......

Words: 2443 - Pages: 10

Premium Essay

Operations Management

...Operations Management… By D.B.S. Saurabh Marwah(201401017), Dingnan Ouyang(201400084), Boyang Yu(201400104) Students – Asia Pacific International College Literature review 1 Literature review of Operations management Saurabh Marwah, Dingnang, Boyang Asia Pacific International College Research Topic: The impact of total supply chain management on organization performance? Literature review 2 Introduction Operations management is an important part for all the organizations to run themselves successfully or in a professional manner. It refers to decisions and responsibilities of managing the resources dedicated to the production and service delivery. Managers are the people who are responsible managing the resources that make up the operations function. There are other functions also which are not core to the organizations which are for the smooth running of the organizations such as accounting, IT, human resources. Being an operations manager contains a lot of responsibilities and activates in the organization, which contribute to give good service. * Strategic objective: Operations managers must clearly understand the goals of the organization and develop vision in order to achieve them, which also involve translating the goals into implications. * Operations strategy: There are numerous decision-making involved with operations, it is important that operations manager should have a set of guidelines that are connected with......

Words: 1699 - Pages: 7

Premium Essay

Operation Management

...2 Task 1: Nature and the Importance of Operation Management 2 Task 2: The Link between Operation Management and Strategic Planning 4 Task 3: Organizing a Typical Production Process 6 Task 4: Application of Relevant Technique to the Production of an Operational Plan for an Organization 7 Conclusion: 9 References: 10 Introduction Operation management is a part of overall function of a business organization. It means planning, organizing, staffing, leading and controlling the resources of a company those are used to make goods or services of that particular organization. So it can also be said as a part of management function. Operation management is important for any kinds of company including for- profit, not-for-profit, social, commercial etc. IT performs the prime managerial activities of any organization. Weather the organization is service oriented or profit oriented to achieve goals it needs to manage its resources like human, technological, informational etc. organizational management makes the way for a better combination of these resources. In this assignment the nature and importance of operation management will be described. The importance of organization management for an organization, its operation in a selected organization and evaluation of operational management of a selected organization by using a process model also will be described. There is a link between operation management and strategic management it will also be explained. The......

Words: 3462 - Pages: 14

Premium Essay

Operation Management

... Using the Principle of Operation Management to reactivate a firm: A Case study of WH Smith Level 4 – HNC and Level 5 – HND Operations Management in Business Contents Task 1: 3 Operations Management: 3 Key Elements of OM 3 Need to produce or deliver goods or services as per specification: 4 How OM helps achieving strategic objectives: 4 WH Smith: Systems Analysis: 5 Task 2: 6 Three ‘E’s in WH Smith: 6 Cost minimization and quality maximization for WH Smith: 6 Importance of the five performance objectives of WH Smith: 7 Task 3 9 The Importance of operational planning and control: 9 Linear programming for WH Smith: 10 Critical Path Analysis in WH Smith: 10 Defining quality and maintaining quality: 10 Harvard Reference 11 Introduction To WH Smith & Former CEO Kate Swann WH Smith is a High Street retailer first founded in 1792. The retailer started as a newsagent, stationer and confectioner, the business model was successful which compelled the then owners to expand and grow. WH Smith is widely recognized as the worldwide quality retailer. During 2006 WH Smith was issued with a profit warning as the FTSE-250 company expected losses of over £100 million, WH Smith faced fierce competition from online giants Amazon and eBay who were slowly but surely eating away their dominent market share. Kate Swann was ushered in to solve the problem and within 10 years she was able to take a loss making company and turn it into £100 million profitable company...

Words: 2760 - Pages: 12

Premium Essay

Operation Management

...mainly engaged in real estate development in Malaysia. It does this by three parts: property development, education, and a clubhouse. The company develops, build and sell residential, commercial, industrial, leisure, and institutional property; management of private and international schools; and management and operation of the club. It is also involved in the sale of land; investment property; purchase of building materials; and providing landscape management, project management, management and administrative services. The company was founded in 1996 and is headquartered in Seremban, Malaysia.Matrix Concepts Holdings Berhad, a Negeri Sembilan according to property developers, it has earned a reputation for developing quality and affordable residential and commercial buildings since its incorporation in 1997.So far, the formation of a strong track record of completed development projects worth over one billion US dollars RM2.4 gross development value (GDV) of about 1900 acres of land in Negeri Sembilan and Johor. Part (A) Operations Management is the management of business practices to create the highest level of efficiency in the organization. The purpose of the operational management is the conversion of materials and labor into commodities and services as much as possible to maximize the profits of such an organization. Direct responsibility method individual or team, is responsible for all the necessary clients will need to go to the results of......

Words: 2064 - Pages: 9

Premium Essay

Singapore Airlines Business Operations Management

...having the most recent and youngest fleets in the world. It has evolved from being a regional airline to one of the top ranked airlines in the world at present. As on March 1999, it carried 525 passenger flights a week out of Singapore. It operates in four segments namely airlines operations (which includes passenger and cargo air transportation), engineering services (airframe maintenance, line maintenance, fleet management programs etc.), training of pilots and tour wholesaling, Cargo operations (includes cargo transportation and related activities). It has a worldwide coverage including 110 cities in over 42 countries. It is dedicated to providing air travel services of the highest quality to its customers and also providing maximum benefits to its employees and shareholders. It has a first mover advantage in providing various additional services which are as follows: - Free headsets, choice of meals and drinks during 1970’s. - Introduction of satellite-based telephones - Involving one of the best panel of chefs for in-flight meals - First to operate world longest flight (Singapore to Los Angeles) - On demand inflight audio and video services In this report, four significant operations aspects of Singapore Airlines will be discussed. These cover economic environment and 4Vs, five performance objectives, lean and agile, and, lastly, corporate social responsibility. 2 2.0 Singapore Airlines: Economic Environment and 4Vs 2.1 Analysis of the Economic......

Words: 6562 - Pages: 27

Premium Essay

Operation Management

...Operations management can be defined as the planning, scheduling, and control of the activities that transform inputs into finished goods and services. In other words, it is ‘a field of study that focuses on the effective planning , scheduling, use, and control of a manufacturing or service organisation through the study of concepts from design engineering, industrial engineering, and management information systems, quality management, production management, accounting, and other functions as the affect the operation. Operations management concerns making the most efficient use of whatever resources an organisation to provide the finished goods or services that its customer need on time and cost effective manner. Operations management is related with the strategy of the organisation. In this coursework, we will demonstrate the relationship between the operations management and the strategy of the organisation with the help of a corporate entity. The corporate entity chosen is McDonald's Corporation. McDonald's Corporation is the world's largest chain of fast-food restaurants. The business began in 1940, with a restaurant opened by siblings Dick and Mac McDonald in San Bernardino, California. Today McDonald's restaurants are found in 120 countries and around the world and serve nearly 54 million customers each day. Product Planning Organisations exist to provide products and services which can be purchased by other organisations or an individual. Therefore planning of......

Words: 1827 - Pages: 8

Premium Essay

Operations and Material Management

...Operations and Materials Management BUS/210 July 15, 2012 Operations and Materials Management The three companies I analyzed all work together to towards the same goal yet they all have different approaches to reach that goal. For my three companies I chose a sports team, a facility service company, and a food and beverage company. These are three entity’s which work in the same building; each co-existing with the other yet each having their own best interest at heart. The first company is a sports team; the main input for this business is employees. If this company does not secure the best players, marketing team and management team it will not succeed. Just like with any company there are always variables to consider about the products your company is selling to the public. This is no different for a sports team whose commodity is people. This company uses its product (the team) to promote and sell itself. The players have to have ability, market ability, and public appeal. The team has to be able to build up enough community support to keep them in business even when they are not winning. To accomplish this they must be very heavily involved with the community. This company relies heavily on their marketing team whose job is to promote and get as much exposure as possible for its players so people will come and purchase tickets to see them play. The next company is the company whose purpose it is to control the operations at the facility. This company also......

Words: 826 - Pages: 4