BENEFITS OF DOCUMENT
DESCRIPTION
OPERATION MANAGEMENT
Lecture Outline
1. Historical Milestones in Operation Management
2. Factors Affecting Operation Management Today
3. Operation Management as A System
4. Production as an Organization Function
5. What Controls the Operations System?
6. Wrap-Up: What World-Class Producers Do Quality Tools
Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. Operations management teams attempt to balance costs with revenue to achieve the highest net operating profit possible.
Operations management involves utilizing resources from staff, materials, equipment, and technology. Operations managers acquire, develop, and deliver goods to clients based on client needs and the abilities of the company.
Operations management handles various strategic issues, including determining the size of manufacturing plants and project management methods and implementing the structure of information technology networks. Other operational issues include the management of inventory levels, including work-in-process levels and raw materials acquisition, quality control, materials handling, and maintenance policies.
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Source: Best Practices in Operational Excellence PowerPoint Slides: Operation Management PowerPoint (PPTX) Presentation, UJ Consulting
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How to Achieve Operational Excellence
This bundle contains 11 total documents. See all the documents to the right.
Operational Excellence Lean Management Strategic Planning Hoshin Kanri Strategy Deployment & Execution Process Improvement CAPA Supply Chain Analysis Lean Office Customer Service Autonomous Maintenance Total Productive Maintenance Gemba Walk Lean Manufacturing 8D Problem Solving Takt Time Strategy Development Manufacturing Value Stream Mapping Continuous Improvement Kaizen 5S
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This 50-slide presentation provides a high-level introduction to the 4 Building Blocks of Operational Excellence. Achieving OpEx requires the implementation of a Business Execution System that integrates these 4 building blocks. |