Productivity and Operation Management | Homework Help Websites

PURPOSE This assignment is designed to you to gain a knowledge and experience operation management concepts. The objectives of this assignment are: ? To learn fundamental skills of operation management. ? To produce key elements of a operation management. ? To explain the operation management and all the stages. INTRODUCTION TO OPERATION MANAGEMENT The business function responsible for planning, coordinating, and controlling the resources needed to produce products and services for a company. Operations Management (OM) is: A management function. An organization’s core function. In every organization whether Service or Manufacturing, profit or Not for profit. What is Role of Operation Management (OM)?: OM Transforms inputs to outputs Inputs are resources such as: ? People, Material, and Money. o Outputs are goods and services. OM’s Transformation Role: To add value. o Increase product value at each stage Value added is the net increase between output product value and input material value. Provide an efficient transformation. Efficiency – means performing activities well for least possible cost. INTRODUCTION TO ORGANIZATION AND OPERATION STRATEGY What are Organization and Operation Strategies? The plan states how the organization will allocate resources to support infrastructure and production. Operating strategies are usually driven by the overall business strategy of the organization, and are designed to maximize the effectiveness of production and support of the same elements minimize costs. REQUIREMENT / ASSIGNMENT QUESTION You are required to give your own opinion base by assumes you’re one of the top management in operation management company : QUESTION 1 Explain: a. How would you classify four main function as a(n) Operation Manager ? (20 marks) b. What evidence can you find the challenges of Productivity and Operation Management? (10 marks) QUESTION 2 By set up a small company of Facility Manangement, create your business objectives and your business strategies. (20 marks) [Total: 50 marks]