The Nature and Importance of Operation Management free essay sample

The Nature and Importance of Operation Management and its Key Elements WH Smith is a British retailer, well-known and publically-quoted book retailer, and newsagent and entertainment product in the UK. Recently it was reported how Kate Swann, the former CEO for the last 10 years, has turned the company around from ? 135m losses to ? 106m profit in a decade (Holland). The reason behind this profit is the right decision of Kate Swann. Now let’s see what she did to make WH Smith profitable (Creevy). 1. 1 Operation Management and its Importance In recent years, the scope of operation management has broadened considerably. Production concepts and techniques are applied to wide range of activities and situations outside manufacturing; that is, in service, such as health care, food service, recreation, banking, hotel management, retail sales etc. the operational function consists of all activities directly related to producing goods or providing services. Operation is a function or system that transforms inputs into outputs of greater value. We will write a custom essay sample on The Nature and Importance of Operation Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page To ensure that the desire output is obtained, measurements are taken at various points in the transformation process and then compared with previously established standards to determine whether corrective action is needed. The essence of the operations function is to add value during the transformation process. Operation management designs the system and controls it; this includes arranging facilities, scheduling tasks, developing procedures for inventory acquisition and turnover, as well as providing corrective actions to insure that changes are made whenever it is necessary to do so (Harris, 1990, (Reprint from 1913)). So, it is easily untestable the importance of the operation management in an organization. The importance operation management is given below: 1. 1. Understanding Tactical Purposes: As a book retailer must clearly understand the goals of the organization. Make a clear vision how company will achieve the customer satisfaction. This also involves translating these goals in the operation functions. The functions of operation are: objective, quality, speed, flexibility, dependability and cost. 1. 1. 2 Constructing an Operations Strategy: There are numerous decision making involves in operating product development department. Therefore, it is quite difficult to have clear cut guidelines with the long term goals. Scheming the Operations Products, Service and Process: Scheming or designing involves the physical form of the product. This phase elaborate the shape of the product and composition of its service and process. 1. 1. 4 Planning and Controlling: Planning and controlling includes what the resources collected from the customer (which are collected from the customer, like their choices, demand, expectations) should be doing. Making sure collected resources are implemented in the plan. 1. 1. 5 Enlightening the Performance of Operation: To satisfy the customer expectations, it is mandatory to continuously monitor and improve the overall fixtures of the product. 1. 2 Key Elements of Operation Management There are three vital elements of operation management. Those are discussed below: 1. 2. 1 Customer A manager will be able to describe the customer accurately, if he or she has the accurate knowledge about the customer. The information that helps a manager to design and run the operation management system is what the customer wants, how much they are able to pay and what is their consideration level. This information actually helps the manager to identify order winners, order qualifiers and order losers. This benefits the manager to run the operation management systems smoothly. Order winners and order qualifiers are from the basic of the customers’ expectations. Order losers can be finding out by finding the gap between firm delivers and customer expectation. 1. 2. 2 Process Every operation management system consists of process. Inputs, transformation activities and outputs are drawn together by process. It identifies the when and what amount of resource is needed for activities. Capacity Capacity means the capability of the firm in terms of production. How much out put a firm can produce with a given amount of time. Capacity is the combination of equipment, workflows and skill level of employees. It determines what firm can do effectively and efficiently and what cannot. 1. 3 Need to Produce Safely; on Time; to Cost; to Quality and within the Law In production, there are some issue is related in which safety is the key one. In current global business, buyers are giving highest most importance on safety. Buyers investigate the protection of the production plant of the factory from where they will produce their product. If there is not enough precaution is taken, than accident may take place. This may lead to some life cost and may have effect on the end user of the product (customer). Therefore, safety in production is very vital and required from every single perspective of the business. Timing in the production is another vital issue to concern about. If product cannot deliver on time, than buyer or customer may reject to buy the product or they may impose penalty. Demand for the product may decrease due to delay in the production process, even company may lose existing market share. The third significant factor for production is cost. Enough knowledge about cost management is a competitive advantage for a company. A company may become the leader of the industry by producing the product with minimum cost (Creevy). To survive in the competition, a production company should maintain the quality according to the market standard. Therefore, quality is the last but not the least key factor for production. There is always a high demand for the quality product in the market. Customer is always ready to pay higher for the product with the highest quality. Production is a kind of business, and business cannot be done without maintaining the law. Illegal operation is not considered as a business. Hence, law has equal significance comparable to other factors of production. 1. 4 The Role of Operation Management in Achieving Strategic Objectives There are some similarities or dependency between strategic planning and operation management. In strategic planning most of the decision depends on operation management and operation management also follow strategic management criteria in some circumstances. Management team of strategic management relies on the information of the operation management. Before taking any strategic policy they have to consider the current situation of the operation management. In the initial stage, by implementing strategic management Theory Company fixed its strategy. Than after the strategic decision company operate the strategic management according to strategy. However, to revise or to make change in strategy company needs the information of strategic management (Edwards, 1983). In this case, Kate Swann took the strategy to remove low margin product. To take this strategic decision Kate uses the operation management information. 1. 5 Systems Diagram of WH Smith Operation Process A business process can be described by System Diagram. A basic system diagram for WH Smith is given below: The given figure is a very basic business diagram for a retail book seller. We can get the knowledge of every single business step by this diagram. Management can get idea about the complexity of the business and overall procedure of the business (Ford, 1926). Chapter 2 – Relationship between Operation Management and Strategic Planning 2. The ‘Three Es’ in WH Smith In business three E are related. This three E are Economy, Efficiency, and Effectiveness (Taylor, 1911). These three E has significant impact on business organization. In an organization these Es’ describe almost everything. Their impacts in an organization are: 2. 1. 1 Economy In business organization economy means the economic in budget. By this an organization can get to know the production cost that they need to produce their product. To being economic in production cost is a competitive advantage for an organization. An organization will be able to sell product at bottom price of the market, if they can produce it at the low-slung cost, which is economic cost. The organization holds the economic cost, always leads the market, and has the highest market share. 2. 1. 2 Efficiency Be efficient in the steps of the business operation play a vital role for an organization. That’s why all the organization seeks efficiency in their operation. The activities done by the organization is structured or not also falls in this group. Organization can finds out the efficiency by calculating output/input ratio. Every organization looks to reach the top of the efficiency. This will provide them the maximum output with minimum input. 2. 1. 3 Effectiveness Effectiveness is related to the decision making procedure of an organization. Organization progress depends on how effectively a decision is taken and implemented. 2. 2 Tension between Cost Minimization and Quality Maximization Quality maximization and cost minimization are always opposite to each other. However, maintaining quality is always important for an organization to keep current market share (Gazette). It is every organizations goal to provide highest quality product by incurring lowest cost. If an organization can do that, they can dictate the whole industry. However this is not an easy task to provide highest quality product with lowest cost. to reach that level a company may require experience and technology. In addition, demand for that product is a must. Without these three components, it is quite impossible for an organization to produce and sell product with lowest cost and maximum quality. If the demand is high an organization gets the advantage of economic of scale, which allows them to produce quality product. Therefore, they easily get the price advantage in the industry. 2. 3 Importance of the Five Performance Objectives that Reinforce Operation Management To progress in business, an organization needs to follow five performance objectives (Womack, 1990). Because five key performance objective are the key to the success. Performance objectives are described in below: 2. 3. 1 Quality: Quality is ranked as the first performance objective among the five objectives. Quality performance includes doing the right thing, mistake free, be right at the initial stage of every time, fit for resolution. Actually it measures the standard of the product that the company intended to produce. 2. 3. 2 Speed: How much time the company requires to complete the production process is called the speed. Speed illustrates the efficiency of the service system n. This is the efficiency of the operation of the company production or service system. This performance objective consists of the idea of decreasing lead time, minimizing the lag time etc. 2. 3. 3 Dependability: The third performance objective is dependability. It is also equaled important like others for an organization. Here dependability means, gaining the dependability of the customer towards the company. Keeping promises, doing the right things at the right time are the belongings in this objective. 2. 3. 4 Flexibility: Flexibility ranked as the fourth one, among the five objectives. Here flexibility means flexibility to change in the final product according to customer demand. There are other criteria for that like: to maintain with company vision, to launch new product in the market etc. 2. 3. 5 Cost: Cost is the last performance objective, which are the key to business success. These describe the importance of producing a product with cheaper cost than the competitor, and offer the lowest price of the market for the customer. These are the main concern in this section. Chapter 3 How to Organize a Typical Production Process 3. 1 Explain the Need for Operational Planning and Control Planning is a formal approved document used to guide both business operation and control. The initial uses of the plan are to manuscript planning, expectations and decisions; provide communication within stakeholders, and document permit possibility, cost and schedule baselines. Operation plan may be short and exhaustive. Occasionally folks mixed up the operation plan with schedule. However, it’s more than scheduling. Therefore, it is easily untestable the importance of planning in the operation. Monitoring and controlling procedure supervises all the activity and metrics essential to ensure that the accepted and official operation is within possibility, on period, and economical hence the operation precede with minimum risk (Taylor, 1911). This procedure makes a comparison between the genuine performance and planed performance. If there is any major problem exists, than taking corrective action is also a vital function of this process. Controlling is performed from the starting of the operation to end 3. 2 Linear Programming Linear programming techniques consist of a sequence of steps that will lead to an optimal solution to problems, in cases where an optimum exists. It is a mathematical technique for determining the optimal allocation of resources and obtaining a particular objective. It is the precise term which let us to catch out the minimum cost and maximize profit, this is a mathematical way which company typically use in their manufacture system to find out the way to minimize cost and maximize their profit. The working processes of linear programing are: Objective Function: Mathematical statement of profit or cost for a given solution. This is the first step of linear programming. Decision Variables: Amount of either inputs or outputs. Feasible Solution Space: The set of all feasible combination of decision variables as defined by the constraints. Constraints: Limitation that restrict the available alternatives. Parameters: Numerical Values. After this entire graph the inequalities to determine organize of the pinnacles of the region. Than each point of the function should be evaluate. The biggest and least of those values are the maximum and minimum values of the function, correspondingly. 3. 3 Evaluate Critical Path Analysis and Network Planning Critical path is the longest path of a project. This is the minimum amount of time needed for the conclusion of the project. The tasks along this path must be enhanced in order to hurry up the project. On the other hand, if this activities delay it would increase the project duration. That’s why it is always important identifying the critical path. There is no lag time in critical path. Critical paths float time is zero (0). Float is the extra time available to start that task without hampering the completion period. Network planning is also important for the operation management of an organization. Company can plan their whole work reporting schedule (who will report whom, who is responsible for what) by network plan. It is quite impossible to operate all the process of an organization without having network plan. Therefore, affective network plan will act as a key to the success of a company. If network plan applied, than every employee are aware about his or her responsibility. Because its ensure flow of information, communication, data flow easily. . Chapter 4 – Apply Relevant Techniques to the Production of an Operational Plan for a typical Business 4. 1 A Set of Clearly Defined Operational Outcomes There are various types of operation outcomes. These operation outcome is used minimize the wastage and the lag time of the operation. It resolves all the things that includes in operational outcomes. Outcomes can be anything. Company mission, goals and vision fixed these operational outcomes. Operational outcomes play a vital role for the organization. Organizations operational outcomes are given below: 1. To reduce the manufacture rate by 2%. 2. To maximize the production by 3%. 3. To diminish the wastage by 2% All of these operational outcomes are the mark for approaching financial year. Therefore, company has to attain altogether of these within following one year. 4. 2 How Quality could be Defined and Maintained Quality initiates by defining the quality principles that will be used in the operation of the company. It is one of the significant issues for a company. These quality principles will come from the beneficiaries, stakeholders, and from the organization, finding of the quality standards will benefit to assure a successful operation outcomes, which may be will accepted by the stakeholders. There are numerous ways to maintain quality. From all of the quality management process, Total Quality Management or TQM is the most well-known and used system. Therefor company may go for TQM to maintain the quality of their product.

The Top Secret Truth on Topics for Reflection Essay Exposed

The Top Secret Truth on Topics for Reflection Essay Exposed The Demise of Topics for Reflection Essay Your thesis statement is the significance of that function. You must return to your prior life experiences and provide a very clear account of a specific event, happening or feeling. From time to time, it's helpful to keep in mind an event which happens regularly like a birthday party. At precisely the same time, one-of-a-kind events or experiences are also rather very likely to create excellent topics. Remember your final grade significantly is contingent on the topic. Thus, to lead you through the whole procedure, here's a list of interesting reflective essay topics. The main purpose of topic choice for a proposal essay is to demonstrate the idea can be put into place in practice. Depending on the questions you select, the response can become your thesis or you can construct your whole essay in such a manner it answers one or several of these questions. Therefore, locating a topic shouldn't be too challenging. For instance, you can pick a topic for elementary, middle, or higher school. Whatever They Told You About Topics for Reflection Essay Is Dead Wrong...And Here's Why Who knows a number of the ideas might be employed by other students to be successful! Otherwise, your possible audience isn't going to desire to read a boring author. Leadership procedure can help people to accomplish a frequent aim. Debate programs on TV may also allow you to complete the research step. What Everybody Dislikes About Topics for Reflection Essay and Why To start with, you should comprehend the kind of reflection paper which you're writing about. Atte mpt to use decent vocabulary and help it become interesting to read. Any professor will decrease your grades in the event the paper consists of plenty of typos, grammar and lexical mistakes, and several different imperfections. Don't use an excessive amount of informal language whilst writing your reflection paper. You are able to also summarize various passages in a book for the exact same purpose. The essay is made up of your own personal views on the topic and an explanation of your position. Conclusion it's essentially an overview of the key points presented above. The Essentials of Topics for Reflection Essay That You Will be Able to Benefit From Beginning Immediately During the writing process you are able to don't hesitate to share your beliefs and experiences. Such assignments require you to be honest and open about emotions, ideas and events to be in a position to depict a true picture of a personality, story or another matter. It is crucial to pick the appropriat e words and phrases while reflecting your ideas and showing what you feel. Moreover, writing such papers can help you understand and sometimes resolve your feelings. List down what you would like to tackle. In general, the process proved to be a challenging one that introduced me to the iterative character of fieldwork. You only have to share an experience. Fieldwork experiences can frequently be a daunting method of conducting research but they're also able to be fulfilling. To be confident in what you're likely to write, it's also crucial that you understand what doesn't refer to the idea of a reflection paper. In same way once an infant spend her or his whole day in crib or pram, it needs to be properly maintained. Topics for Reflection Essay Features Effective leadership can assist the organization to grow, there might be the growth in profitability, and the plan could be achieved. The important thing is to make your essay actually reflective and the trick to achievi ng that is to set your own personality within it. The option of compare and contrast essay topics isn't a simple task because you have to demonstrate your analytical skills. Much like all mental health problems, a culturally specific summary of the V Axes diagnostic system is crucial. You must be precise about what things to write and when to write. You're able to discover a range of samples that are suitable for whatever kind of essay you will need to write online. If you chance to be in college, the range of essays you're expected to produce is increased. In such a situation, the essay can be referred to as a reading reflection essay. It is one of the major ways you can distinguish yourself. Your essay should have three or more chief parts with each one of them divided into several components. Generally speaking, writing a reflective essay doesn't differ from any other kind of paper. The thesis statement explains the point of your essay. It is the main part of the paper. The very first step to writing a reflective essay is to make a plan so you may end up with a well-organized essay. When outlining the reflective essay make sure you're focusing your writing on the true reflection instead of on the story itself.

How to Start a Topic Paper With the Introductory Paragraph

How to Start a Topic Paper With the Introductory ParagraphThe last thing you want to do when preparing your topic paper is to write a long introduction paragraph. The introduction should be kept brief and simple. If it is too long it may overwhelm the reader, as well as detract from the content of the paper. Here are five ways you can introduce yourself in your topic introduction.First, include an author bio at the beginning of the paper. The author bio should provide your name, your institution where you received your degree, and your contact information. While including a name and contact information is important, you may want to give more personal information in your introduction paragraph. Include your name first, followed by your last name, then your maiden name, followed by your family name, then your current job title. In this way, when the reader finishes reading, they will know exactly who you are and what your work experience is.Second, use the topics that you have covered during your topic analysis to help you get into the 'how to start a topic paper' section. This may mean going back to your earlier papers to see how you use the material and build on it. You will also want to think about how much time you have available to go back and review what you have already written. It might be easier to go back and revise the materials if they have a sufficient amount of information on them.Third, incorporate the research areas that you know about during your topic analysis into how to start a topic paper. A good way to do this is to discuss a research problem that you are familiar with. Then, when you move into your topic introduction, you will have all of the information you need to fully develop your paper.Fourth, make sure that you always explain the importance of your topic or the work that you have presented. This is not the time to try to get your audience to focus on a particular aspect of your work. It is important that you clearly state that you wil l be discussing your work and how you propose to further your understanding of it.Fifth, be very specific when writing your how to start a topic paper introduction. Whether it is an argument, a statement, or even a question, never use overly long explanations. You do not want to leave your reader too confused or unsatisfied, but you do not want to leave them too bored either.As you can see, there are several ways that you can write an introduction paragraph for your topic paper. Remember that there is a certain style that works best in a format like this. Try to avoid using excessive or confusing jargon; keep it simple, direct, and to the point.You can use the methods outlined above to prepare your how to start a topic paper. By following these tips, you will be able to introduce yourself in a manner that will help the readers understand what you have written and why you need to justify your thesis statement.

The Appeal of College Essay Layout Format

The Appeal of College Essay Layout Format What Does College Essay Layout Format Mean? The format can be adapted based on the nature and the topic of a customized essay. Also, it remains the same irrespective of the length of the essay. Essay format doesn't have anything to do with the true content of the essay, it is the way you organize and present it. The format to be used is related to the topic that you have chosen. Excellent writing doesn't necessarily mean lengthy writing. With continual proofreading and editing, you will be able to observe an original perspective. You ought to make the reader want to read whatever it's you have written. Writing should allow the writer to express his or herself in the very best way possible. Each paper has a specific aim. Get your creative juices flowing by brainstorming all the potential ideas you can imagine to tackle your college essay question. The body of a university essay usually is composed of several paragraphs where you develop your ideas and provide the examples. Generally, all papers are going to have an introduction and a conclusion. When you're finished writing, you want to make sure your essay still adheres to the prompt. Make certain the concluding part of your essay isn't dry. Whether you indent or not, be certain to be consistent throughout your whole essay. In fact, writing a great essay isn't as hard as it might appear. In your essays, you may use distinctive approaches. Thus, essays have come to be an inseparable portion of academics. To learn about essays, it's important to realize why essays are such an important portion of academics. Moreover, narrative essays are the most often encountered essays, which likewise tell a story. Writing an essay has to be stressful. Searching for the very best essay templates are able to help you start up your writing endeavor. On our weblog, it's possible to also find details about college essay formats and the practice of drafting essays. You might see college essay templates on the internet that offer guidelines about how to structure your essay and what things to say in each individual paragraph. The Nuiances of College Essay Layout Format There are lots of popular types. The internet application essay field will also cause block formatting of paragraphs and new paragraphs won't be indented. In the event the source is written by multiple authors, then you need to state last names of them all, at least in the very first reference within the essay. There are several different techniques to compose your references as there are now so many different sorts of media. What Everybody Dislikes About College Essay Layout Format and Why If you wish to understand how to la yout an essay, you're in the proper location. Getting in a position to compose an essay is a critical part of any educational system, but simply listing ideas in a linear fashion might not always be sufficient. Putting together an argumentative essay outline is the ideal method to get. There are essentials in every single kind of essay that you have to take note. Facts, Fiction and College Essay Layout Format Producing a fantastic essay necessitates imagination, creativity, and the capability to structure one's thoughts in an effective method. When it has to do with getting essays off to a very good start, it is crucial to make sure the opening lines in the introductory paragraph make a strong effect. Before you even begin writing, make certain that you are familiar with the details that you are working with. So, the one thing you need to do is merely to organize information you've found and texts you have written for your research. Knowing the rules of the right format of a university essay helps a student to pull the thoughts together and to be aware of the practice of work. Now you have the format right, it's time to learn some suggestions that will assist you in making a killer impact by means of your essay. Finding the Best College Essay Layout Format If you wish to create a college essay which works, you want to provide importance on the content which you will supply the admissions officer of your intended university with. In the event your college might take a different format you are going to have to speak with your tutor on the requirements. College students are anticipated to deliver top quality research papers that satisfy strict requirement as to contents and form. Upcoming college students might also be requested to compose a college essay for a portion of their first requirements.

Sample Essay For Study Abroad Scholarship Application

Sample Essay For Study Abroad Scholarship ApplicationIf you are looking for a sample essay for study abroad scholarship application, you will be pleased to know that there are many sources available to you. I would recommend, however, that you start with one of the best. One such source is USA Study Abroad.Here, you will find a sample essay for study abroad scholarship application. This essay is full of details that you will want to include in your own. All of this will be helpful as you compose a better, more thorough one.The specific goals of study abroad are important, but so is how you want to experience it. If you are the type who would prefer to travel around for the most part, then you will want to write about this. But if you are someone who loves to learn about a particular culture, there are other things you should include. This is where the essay comes in, because it will serve as an example for you.You will also want to explore the topics of purpose and place in your samp le essay for study abroad scholarship application. What exactly are you studying abroad for? What are you hoping to gain from it?In addition, you should discuss what exactly you hope to get out of your study abroad experience. This includes anything that has to do with your overall goal for studying abroad.So, even if you are traveling for some reason other than study abroad, there are still many types of essays that you can include in your sample essay for study abroad scholarship application. You just have to be sure that your goal is the same as yours and your classmates' - to get out of your studies and to experience life on your own terms.Make sure that you have a good amount of time allotted for writing. Although the sample essay for study abroad scholarship application takes much less time to complete than other essay topics, this does not mean that you will be able to complete it fast.Remember that you can always use it as a reference. This is good advice because your classm ates and the people who read your essay will be using the same samples. Thus, it is important that you stay true to yourself when using the same samples.