Career opportunities for Operations Management Organizational positions

Ansha Agrawal Roll no. 04

 Production: Application of resources such as people and machinery to convert materials into finished goods and services. Production and Operations Management: Managing people and machinery in converting materials and resources into finished goods and services.

 A vital function is necessary for generating money to pay employees, lenders, and stockholders.
Effective production and operations management can:
lower a firms costs of production. boost the quality of its goods and services. allow it to respond dependably to customer demands. enable it to renew itself by providing new products.

 Mass Production manufacturing products in large amounts through standardization, mechanization and specialized skills. Flexible Production producing smaller batches using information technology, communication and cooperation. Customer-Driven Production evaluating customer demands to link with manufacturer.

Oversee the work of people and machinery to convert inputs (materials and resources) into finished goods and services.

 Process layout groups machinery and equipment according to their functions. Facilitates production of a variety of nonstandard items in relatively small batches.

 Product layout sets up production equipment along a productflow line, and the work in process moves along this line past workstations. Efficiently produces large numbers of similar items.

Make, Buy, or Lease Decision Choosing whether to manufacture a needed product or component in-house, purchase it from an outside supplier, or lease it. Factors in the decision include cost, availability of reliable outside suppliers, and the need for confidentiality. Selection of Suppliers Based on comparison of quality, prices, dependability of delivery, and services offered by competing companies.

Inventory Control
Perpetual inventory Vendor-managed inventory

Just-in-Time Systems Improving profits and return on investment by minimizing costs and eliminating waste through cutting inventory on hand. Materials Requirement Planning Computer-based production planning system by which a firm can ensure that it has the correct materials for production.

Production control creates a well-defined set of procedures for coordinating people, materials, and machinery.
1) Planning 2) Routing 3) Scheduling

4) Dispatching
5) Follow-up

Dispatching
Manager instructs each department on what work to do and the time allowed for its completion.

Follow-Up Employees and their supervisors spot problems in the production process and determine needed changes.

 A good or service free of deficiencies.

Poor quality can account for 20% loss in revenue. Benchmarking is the process of analyzing other firms best practices. Quality control is measuring goods and services against established quality standards. Many companies evaluate quality using the Six Sigma concept.
A company tries to make error-free products 99.9997% of the time, a tiny 3.4 errors per million opportunities.