Concepts and Definitions in Operational Management

Concepts and Definitions in Operational Management uncertainty 1 financial aid OPERATIONAL concernOperational attention refers to managing the trading trading operations of an physical com order. Managing the operations room to manage the resources and come up the policies and procedures of whatever boldness. The basic and most Coperni plenty operation of management is to movement the inputs into outputs to get desired results. The meaning of operational management contains words i.e. resources, systems, regeneration or transformation and outputs. (Business)These words can be explained as -RESOURCESResources be the man, substantive and money in the organization. Man or staff is the major or key requirement in an organization. Material is also real important because without availability of material labor can non be possible. And money or capital is required for hiring staff and for purchasing the birthday suit material so that the raw material can be converted in to finished merchandises through employment.SYSTEMS in that respect is a system which both company has to fol belittled. Every organization has some policies and procedures which helps the organization to achieve their endings and helps in utility maximization. If the work through in an organization is accord to the plan wherefore it helps in attaining the goal of the company. Planning is the first and important step of management. Without planning no other function can be performed in an organization.CONVERSIONConversion means converted the inputs (i.e. the raw material) into outputs (i.e. finished goods). In an organization raw material can be converted into work in get on with and then into finished goods. When the material is transformated from inputs to outputs then this process is cognize as productivity.OUTPUTSOutputs are the final results which each organization gets after conversion of inputs into finished products. If the think of of outputs is greater than th e make up of inputs utilise then we can say that the determine is added to product thus the output helps in increasing profits of company. (outputs)THE strategic ROLE OF OPERATIONS -CUSTOMER SATISFACTIONThe basic objective of operating systems is to action the guests by giving them better products at low cost and by giving them better services than other companies . Consumers can be well-off if the products are not too costly and available on meter. (Understanding operations management)RESOURCE UTILISATION some other major objective of operating systems is to utilize resources for the satisfaction of customer wants effectively. Customer service must be provided with the achievement of effective operations through efficient use of resources. Inefficient use of resources or undermanned customer service leads to commercial failure of an operating system.EFFICIENCYAnother objective of operational management is efficiency. susceptibility is must in any organization .Higher ef ficiency helps in slight wastage of resources. If the resources are not blow then it will lead to less per unit cost of mathematical product. Efficiency helps in specialization of staff.QUALITYQuality is also another important objective of operational management. Every customer wants a product which is very good in quality and also with less cost. Quality helps in satisfying the customers and if the customer is satisfied then effective relation can be build between consumers and organization.ADAPTABILITY if the cadence and quality of the product is upto the make out and also the price of the product is affordable then that product is survived in long run that means the product helps for future survival of the company.Question 2 Answer Production means step-by-step conversion of raw material into work in progress and from work in progress into finished goods. Production is an important and essential function of any organization. Without doing intersection no organization can su rvive or remain existing. sorting OF PRODUCTION SYSTEMProduction systems can be classified as Job-shop, surge, chain reactor and nonstop production systems.Job-Shop Production When only one product or a few quantity of products are manufactured and the product which are produced is as per the specification given by the customers then that type of production is known as Job shop production. (products-services)AdvantagesIt helps in availability of more mixture of products.It helps in improving the skills of the employees.to a greater extent creative ideas of employees can be used in this method of production system.LimitationsMore staff is required as the productiin is few.High time consumed in less production.Production planning is complicated.More wastage of resources resulting in high-pitcheder per unit cost of production.Batch Production When the production is done in lots or batches then this productionis known as batch production. In this type of production the lots are n ot producing interminably but in limited quantity. (production-system)Advantages price per unit is low.Batch production helps in job satisfaction.It helps in better utilization of resources.It requires low investments for production as the production is not done in hatful quantity.Limitations Handling of material is very difficult.More material is required hence more wastage of resources.Mass Production When the production is done in flock quantity and continuous then that type of production is known as mass production. In this type of production the machines are arranged in a cast.AdvantagesPer unit cost of every production is low.Less time is consumed in producing bulk quantity.With less material quantity higher production can be done.Mass production helps in less wastage of resources.LimitationsMass production requires higher investments and resources.If the machine used in producing bulk quantity is damaged or breakdown then whole production line will be stopped.Continuous Production When the production is done continuously i.e. the production starts from using the raw material and ends with finished products. This type of production is done when the handling of material is fully automated. (continuous-production-system)AdvantagesLess time is consumed in producing more units.It helps in more utilization of available resources.It helps in less wastage of resources.Per unit cost is low in continuous production.DisadvantagesIt requires very high investment.If manufacturer want to do any change in any product then it is not posdible.Question 3 After critically evaluating the key operational prys, discuss which can be applied to management of service operations of Ryanair for the proactive management of customer experience. 15 MarksAnswer What is a lever? levers are initiatives that a client can insure in order to incur the desired impact. There is usually a limitless number of things a company can consider trying in order to improve their business. (Industry week)Five key levers to productivity return every dayThere are Five key levers for every day improvement. These levers can be explained as 1. Cost anatomical structureCost structure is a method of determine how much it will cost a company to manufacture a product and how much profit will be recognized from manufacturing a product. It is very important to structure or manage the cost. So that the per unit cost of a product decreases and profit from that product increases. If the cost of the final output is more than the cost of the input then it can be said that the value is added to the product.2. governance of workIn any organization if the working of the organization is according to the plans and policies then this also helps in better utilization of resources and helps in achieving of organisational goals. This helps in restructuring of an organization. (aggregate-sales-and-operations-planning)3. Business processesBusiness process is a collection of related structur ed activities that produce a specific product for a particular proposition customer. This lever contains work as a team and if the employees of the company are worked together without any chaos then it helps in improving the position of business because it is very important for every organization to work in cordinating with the employees. 4. Knowledge managementKnowledge management means managing the knowledge and training of an organization. Knowledge management helps in improving the performance of the company. With this lever an organization can do more innovations results in providing better products to consumers than their competitives. It also helps in continuous improvement of the organization.5. Information Technology (IT)It is the application of computers to store,study and manipulate the selective information or information of the business. Business need to take charge of this lever and starts IT in its process. IT helps in storing and saving the data or information of an y enterprise and that information can be used whenever it is required. This will help in reducing paper work in the organization.CONCLUSIONThere are several levers which helps in improving everyday business works. These levers has to be integrated into business as soon as possible to drive the desired impact. These levers helps in achieving of organization objectives efficiently and effectively and improves the working of the organization.Referencesaggregate-sales-and-operations-planning. (n.d.). Retrieved from http//museum-madness.blogspot.co.nz/2011/12/aggregate-sales-and-operations-planning.htmlBusiness. (n.d.). Retrieved from https//www.boundless.com/business/textbooks/boundless-business-textbook/operations-management-10/introduction-to-operations-management-69/a-study-of-process-328-7195/ https//www.boundless.com/business/textbooks/boundless-business-textbook/operations-management-10/introduction-to-operations-management-69/a-study-of-process-328-7195/continuous-production-syst em. (n.d.). Retrieved from http//kalyan-city.blogspot.co.nz/2012/02/types-of-continuous-production-system.htmlIndustry week. (n.d.). Retrieved from http//www.industryweek.com/growth-strategies/levers-mastering-marginsoutputs. (n.d.). Retrieved from http//www.open.edu/openlearn/money-management/management/leadership-and-management/understanding-operations-management/content-section-3.3production-system. (n.d.). Retrieved from http//kalyan-city.blogspot.co.nz/2012/02/what-is-production-system-definition.htmlproducts-services. (n.d.). Retrieved from https//www.archives.gov/preservation/products/definitions/products-services.htmlUnderstanding operations management. (n.d.). Retrieved from http//www.open.edu/openlearn/money-management/management/leadership-and-management/understanding-operations-management/content-section-3.4