Operations Management
What you'll learn
- Concept of Operations Management, Scope and Objectives of Operations Management along with Key aspects
Requirements
- No
Description
Operations management is the management of processes that transform inputs into goods and services that add value for the customer.
The Goal of Operations Management
The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs. Countless operating decisions must be made that have both long- and short-term impacts on the organization’s ability to produce goods and services that provide added value to customers. If the organization has made mostly good operating decisions in designing and executing its transformation system to meet the needs of customers, its prospects for long-term survival are greatly enhanced.
Key Points
Operations management transforms inputs (labor, capital, equipment, land, buildings, materials, and information) into outputs ( goods and services ) that provide added value to customers.
All organizations must strive to maximize the quality of their transformation processes to meet customer needs.
Controlling the transformation process makes it difficult for competitors to manufacture products of the same quality as the original producer.
Key Terms
output: Production; quantity produced, created, or completed.
input: Something fed into a process with the intention of it shaping or affecting the outputs of that process.
process: A series of events to produce a result, especially as contrasted to product.
In this course we will be discussing:
Concept of Operations Management
Scope of Operations Management
Objectives of Operations Management
Key Aspects of Operations Management
Enterprise Resource Planning (ERP)
Material Requirement Planning (MRP)
Collaborative Planning Forecasting & Replenishment (CPFR)
Total Quality Management (TQM)
Who this course is for:
- MBA students, BBA Students, Phd Scholars, Engineering Students and Aspiring Operations Managers
Instructor
Dr.HIMANSHU SAXENA is a Leading Educationalist,MBA, Ph.D , UGC-NET & RPSC STATE ELIGIBILITY TEST QUALIFIED. Dr.HIMANSHU SAXENA has been teaching and imparting education to the fullest of his knowledge for the last 19 years. Author of many books on various subjects like QUANTITATIVE TECHNIQUES,OPERATIONS RESEARCH, BUSINESS MATHS & STATISTICS, RESEARCH METHODS IN MANAGEMENT, PROJECT MANAGEMENT. Dr.HIMANSHU SAXENA has been a Visiting faculty in many esteemed colleges of India. His Teaching methods and techniques have been widely accepted and appreciated by students and faculties all ovet the country. The respect and the affection of his students has been acknowledged by him as his Greatest Reward. He has organized and participated in many seminars and workshops in management and other disciplines. Over the years , Dr.HIMANSHU SAXENA has motivated and encouraged thousands of students and professionals to achieve MISSION SUCCESS both academically and Professionally.