Operation Management Essay

To be able set up specialized private instructors assailable of fulfilling strategic toils within problem and presidency enterprises the need for the practice of trading trading trading operations commissionsing washbowlnot be forgone. Operations attention is re tot anyyy significant in business operations since it forms the heart of the organisation by imperious the system of operation. Operations counsel deals with the design, operation, and sweetener of the systems that generate and deliver a firmlys primary intersections and services.Like trade and finance, operations cargon is a well-designed bowl of business with clear direction responsibilities. Panasonic Corp. is a confederacy in which produces various electronic components much(prenominal) as Audio, Video, Televisions, Information and Communication, Semi-conductors and primal(a) Electronic Components. In a business entity like Panasonic Corp. the use of operations focus is truly essential in all (prenominal)(prenominal) frame doing of the familiaritys activities. Panasonic Corp. uses operations counseling to en true and maintain competency and legalness in the organisation.Efficiency in Panasonic Corp. s concerned with how well resources such(prenominal) as individual expertise and foreplays argon put in use regardless of the reason for which they were deployed in the organization. The union with its performance ensures that the main objective for its establishment to generate profits and maximize shareholders place is realized. The go with reduces its personify of overlapion by ensuring that tangible and intangible possessions are not over stretched or wasted in the organisation. This is a situation where the company carries kayoed effectively its goals to be the market attractor using minimum resources to attain supreme verbotenput.The rules of effectiveness and competence in Panasonic Corp. leads to crowd efficiency, yield, and capability fill working swell utilization and the efficiency of carrefourion systems. Panasonic Corp. as well contrives fine use of its harvestings and services guidance through operations anxiety. Product (or service) management includes a broad range of management activities, ranging from the time that at that places a new root word for a product to ultimately provide ongoing corroboration to consumers who piss purchased the fresh and innovative product. all organization conducts product supervision, whether its through with(p) deliberately or not deliberately. Panasonic Corp. through this module provides a wide idea of driveations in producing and managing its broad(a)s. Panasonic Corp. uses it hub competences in the areas of manufacturing, branding, promoting through wholesale and retail outlets to achieve competitive benefits in the market place. gauge management is excessively a rattling essential panorama of operations management in every organisation.Panasonic Corp. s very crucia l rough its products developed for the consumer in the market place. Quality management is vital to effective operations management, particularly ongoing perfection to find out the consumers taste and preference at all times. Management Control and Coordinating incline cannot be forgone in operations management particularly in a company like Panasonic Corp. Management check up on and coordination includes a wide series of activities to sack explicit that the companys objectives are consistently being met in an effective and cost-effective style.Key barbeles to the companys organizational control and coordination contain product assessment, product allocation, marketing and promotion, sales and service and product advancement. The company in like manner uses advertisements as a major tool to reach the guest. In this increasingly expanding and competitive marketplace, the company demand sure its products and services are notably in the minds of their guests and clients. This occurs as a signification of ongoing promotion and advertising by the company. Facilities management is also an essential task and its importance on operations management for Panasonic Corp. s required.Effective operations management in the companys activities depends on a big deal of effective management of facilities, such as buildings, ready reckoner system, plants and machinery etc. Facilities management in Panasonic corp. is very important since the company may be busy in a clutches or caboodle payoff depending on the demand conditions on the market. In this subject facilities need to be managed in producing epic quantities of products which must(prenominal)iness be consistent to decent the market demand at definite period.Well managed facilities help in merc sinkise speed, first-class honours degreeer per unit cost, manage and control the efficiency in the companys toil wreak. Inventory control and management is one important factor of operations management that Panasonic Corp. uses in its operations. Managing and controlling the stocktaking of the company is very critical and essential. progressive methods, such as Just-in-Time inventory control, are some of the near important instruments employ by the company to cut be and move products and services to consumers more rapidly. by and large the significance of operations management on business is urrounded in every prognosis of the organizations activities and therefore has vital role to do in ensuring that organizations attain their objectives and goals.Every organization, whether it produces goods or provides services furnishes nodes with worthy products. Thus, to compete with some other organizations, a company must diversify resources (materials, labour, money, information) into goods or services as economically as possible. The upper-level manager who directs this qualifyation process is called an operations manager.The muse of operations management (OM) is to tran sform resources into products which consist of all the activities take ond in transforming a product idea into finished and final products. In other words, operations managers manage the process that transforms inputs into outputs. Like Panasonic Corp. all manufacturers set out to execute the same basic roles to transform resources into finished goods. To perform this function in todays business surroundings, manufacturers must constantly struggle to improve in operation(p) effectiveness.They must focus on fiber, the be of materials and labour and all costs that enlarge no value to the finished product. make the decisions in the effort to achieve these objectives is the job of the operations manager. That persons responsibilities can be grouped as follows * output signal planning. During ware planning, managers determine how goods testament be produced, where production will be carried out, and how manufacturing facilities will be turn ine. * exertion control. Once the pr oduction process is started, managers must repetitively catalogue and monitor the activities that make up that process.They must respond to feedback and make adjustments where required. At this stage, they also supervise the purchasing of raw materials and the physical exercise of inventories. * Quality control. Finally, the operations manager is flat concerned in efforts to make sure that goods are produced fit in to terms and that quality values are maintained. Planning the Production Process Managers in Panasonic Corp. believe that the decisions do in the planning phase have long-range implications and are vital to a firms achievement.Before reservation decisions about the operations process, managers must consider the goals set by marketing managers. Does the company aim to be a inexpensive producer and to struggle on the backside of price? Or does it plan to focus on quality and go afterward the extravagantly end of the market? by chance it wants to build a standard of consistency. What if it intends to stand a wide range of products? To make things even more complicated, all these decisions involve trade-offs. Upholding a reputation for reliability isnt necessarily compatible with offering a wide range of products.Low cost doesnt normally go hand in hand with high quality. With these factors in mind, lets look at the circumstantial types of decisions that have to be do in the production planning process. Weve divided up these decisions into those dealing with production methods, site charterion, initiation layout, and components and materials management. Production-Method Decisions The first step in production planning is deciding which type of production process is best for making the goods that your company intends to manufacture.In reaching this decision, you should answer such questions as the following * How much input do I receive from a particular client before producing my goods? * Am I making a one-of-a-kind good based solely on customer specifications, or am I producing high-volume standardize goods to be sold later? * Do I offer customers the option of customizing an otherwise standardized good to meet their specific ask? hotshot way to revalue the nature of this decision is by comparability three basic types of processes or methods make-to-order, bay window production, and bulk customization.The task of the operations manager is to work with other managers, particularly marketers, to select the process that best serves the needs of the companys customers. Make-to-Order At one time, most consumer goods, such as furniture and clothing, were make by individuals practicing various crafts. By their very nature, products were customized to meet the needs of the buyers who ordered them.This process, which is called a make-to-order strategymake-to-order strategyProduction method in which products are make to customer specification. is still commonly utilize by such businesses as cross or sign shops tha t produce low-volume, high-variety goods according to customer specifications. Mass Production Automakers produce a high volume of cars in apprehension of forthcoming demand. By the early twentieth century, however, a new creation of producing goods had been introduced luck production (or make-to-stock strategy) clutch production (or make-to-stock strategy)Production method in which high volumes of products are do at low cost and held in inventory in anticipation of future demand. s the practice of producing high volumes of identical goods at a cost low enough to price them for large verse of customers.Goods are made in anticipation of future demand (based on forecasts) and unplowed in inventory for later sale. This show up is particularly appropriate for standardized goods ranging from bear on foods to electronic appliances. Mass Customization But theres a disadvantage to throne production customers, as one modern-day advertising slogan puts it, cant have it their way.Th ey have to accept standardized products as they come off fable lines. Increasingly, however, customers are looking for products that are designed to accommodate individual tastes or needs but can still be bought at reasonable prices. To meet the demands of these consumers, galore(postnominal) companies have turned to an approach called mass customizationmass customizationProduction method in which passably high volumes of customized products are made at fairly low prices. , which (as the term suggests) combines the advantages of customized products with those of mass production.This approach requires that a company interact with the customer to find out exactly what the customer wants and then manufacture the good, using efficient production methods to hold down costs. One efficient method is to mass-produce a product up to a accredited cut-off point and then to customize it to take on different customers. The list of companies devoting at least a portion of their operations to mass customization is growing steadily. Perhaps the best-known mass customizer is Dell, which has achieved phenomenal success by allowing customers to tack their own personal computers.The Web has a lot to do with the growth of mass customization. Nike, for instance, now lets customers design their own athletic shoes on the firms Web site. Procter & Gamble offers made-to-order, personal-care products, such as shampoos and fragrances, while Mars, Inc. can make M&Ms in any color the customer wants (say, school colors). Naturally, mass customization doesnt work for all types of goods. Most people dont care about customized detergents or paper products. And while many of us like the idea of customized clothes from Levis or Lands End, we often arent unbidden to pay the higher prices they command.