Operation Management Assignment-CDS

Unit 34: Operations Management in Business Introduction: In this assignment I will be providing apprentices and readers with an understanding of the role and importance of operations management in the efficient and effective production of goods and services.

On the other hand, prices are the most insignificant buying criterion in High End, Performance and Size segments. No matter how high the prices are, customers in these segments are more preferable to high-tech product. In particular, for the High End and Size segments, ideal position occupies 43% and products’ ideal age is 29%. Furthermore, reliability is the most important consideration to customers in Performance segment. Hence, Niche Differentiation is a proper alternative for these three segments.

Operations management is the activity of managing the resources which are devoted to the production and delivery of products and services. Operations management not only producing physical goods but also satisfying customers. Not only that, most of the organizations consist operations function. As operations function is part of organization’s responsibility which is important every organization about the outcome of product and services.

The role of operations management is vital in planning and managing the way that inputs for the business are transformed. Ultimately, operations management is trying to achieve a competitive advantage for their organisation through improved efficiencies, product quality, reduction of cost and product differentiation.

Operations Management of the Kroger Company Operations management is essential for the survival and success of any organization. According to Heizer & Render (2011), operations management (OM) is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. Operations managers today contend with competition, globalization, inflation, consumer demand, and consistent change in technology. Managers must focus on the efficiency and effectiveness of processes such as cost, dependability, distribution, flexibility, and speed. The intent of this paper is to discuss the processes and operations management of the Kroger Company.

Table of Contents Case: Operations Management at Toyota 2 Conclusion 3 Case: Southwest Airlines Operation Management 3 Background: 3 Analysis of operation Management: 4 Conclusion 6 References: 7 Southwest Airlines Operations - A Strategic Perspective 7 Case: Operations Management at Toyota Toyota is among the leading automobile manufacturers of the world selling almost 9 million models at all the five continents. Toyota has been awarded a position in the top 10 fortune global 500 enterprise and the company was ranked among the most renowned automaker and it have the dedication towards providing complete customer satisfaction. And the company has also tended to provide and shape up the effective set of values and principles which have

Generation of alternative solutions Products As per feedback on price, products with wider price range can target on mass market/medium price product market. All the products need to break down to easy term which is easy to understand by simple wording.

Operations management is defined as the design, execution, and control of operations that convert resources into desired goods and services, while implementing an organizations business strategy (Business Dictionary, 2015). Office Depot Inc. is one such organization that truly understands that solid operations is the foundation to the success they have had in recent years. In this paper, I will give the history and background of Office Depot Inc. and explain why they have been able to keep such a competitive advantage in the consumer and small business supply industry. Additionally, I will

1. ------------------------------------------------- Consider a firm with a daily demand of 100 units, a production rate per day of 500 units, a setup cost of $200, and an annual holding cost per unit of $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to hold?

Customize your products and messages to meet your customers needs. Give them what they want, when and where they want it. Gas stations offer convinience foods and drinks to help you fill up yourself while you're filling up your car. Specialty products often focus on features and how it can be good for you. Take the Roomba for example. iRobot focuses on the convenience features of the product like automatic shedules that let it vacuum while you're away, or low maintinence features like it's self-docking charging station.

Operations Management focuses on the design and management of products, processes, services and supply chains (Diemond, 2014). It considers the acquisition, development, and utilization of resources that firms need to deliver the goods and services their clients want (Diemond 2014). Operations Management consists of many topics which are applied on a daily basis at the company I work for. Some of the topics include process control, lean manufacturing, six sigma, and supply chain management. It is the process that controls how inputs (raw materials, labor, and energy) get converted into outputs (finished goods or services).

Individual Research Report “Managing Operations for Customer Satisfaction and Enhanced Profitability” Introduction The role of operations management is the production of goods and services and to ensure efficiency and effectiveness in the operation process, that means use as little resource as needed and meet the customer requirements. Moreover, it is converts inputs (in the forms of materials, labour and energy) into outputs (in the form of goods and services) and aims to increase the content of value-added activities in any given process in an organization. (Meredith and Scott 2007)

Operations Management Operations management focuses on managing the processes of producing and distributing products and services. Operations activities often include product creation, development, production and distribution. It deals with all operations within the organization. Related activities include managing purchases, inventory control, quality control, storage, logistics and evaluations. The nature of how operations management is carried out in an organization depends very much on the nature of products or services in the organization, for example, retail, manufacturing, wholesale, etc.

Chapter 1 – Introduction to Operations Management After completing this chapter, you should be able to: 1. Define the term operations management. 2. Identify the three major functional areas of organizations and describe how they interrelate. 3. Identify similarities and differences between production and service operations. 4. Describe the operations function and the nature of the operations manager's job. 5. Summarize the two major aspects of process management. 6. Explain the key aspects of operations management decision making. 7. Briefly describe the historical evolution of operations management. 8. Characterize current trends in business that impact operations management. Chapter 2 - Competitiveness, Strategy, and Productivity

OPERATIONS MANAGEMENT Binod Bhujel Bn160273 BUS 349 Operations Management King’s College, Affiliated to Westcliff University Prof. Mitchell 8th Feb, 2016 Abstract I have illustrate the key aspects of operation management, along with the life cycle assessment and the strategies taken by an organization to maintain quality of products and services as well as increasing capacity without