Operations Management - Case Study - Punj Lloyd Limited Essay

For services, the change would be more at a personal or even psychological level. From a value perspective, value is created

All organizations produce goods or services through the transformation process. Simply stated, every organization has an operations system that creates value by transforming inputs into finished goods and services outputs. For manufacturers, the products are obvious: cars, cell phones, or food products. After all, manufacturing organizations produce physical goods. It’s easy to see the operations management (transformation) process at work in these types of organizations because

There are 3 core functional areas in every organisation. These core functional areas are marketing, production and finance or accounting. Although these functional area play their roles specifically, all the areas do actually relate together and have a specific goal. Each of these functional areas have to play their own part well only the organisation goal can be achieved.

The main functional areas of a business are marketing, human resource, finance, information systems and production. All these interact with each other in different ways but all contribute to effective management. Management would not be completely effective if one of the above areas are missing. They are all needed in different ways to make sure that the business reaches objectives, achieves effectiveness and efficiency and while doing this trying to get a balance in which they can satisfy different stakeholders.

The machines, equipment and devices which help the operation transform materials and information and customers in order to add value and fulfil the operation’s strategic objectives.

Management basics functions are planning, organizing, directing, lending, and controlling performance. Planning consist of the ability to create spreadsheets to work though of what has to happen (plan), and will consist of dates of when task are to be completed. Also spreadsheets will keep the business inline to achieve the goal in a reasonable time frame. Planning as well can be managing the schedule, adhering to the schedule forecast to have associates where they need to be a peak times of the business.

17) An important difference between accounting and other business functions, such as marketing and management, is that

Operations Management explores the way organizations produce and distribute goods and services. Everything you wear, eat, sit on, use or read comes to you courtesy of the

The concept of the organizational operation is seldom approached within the specialized literature and a proven definition has yet to be forwarded. This can be explained by the fact that the organizational operation is a basic operation, often obvious, without it raising the need for a formal definition. At a generic level, an organizational operation could be understood as "the work or activities done by a business or organization, or the process of doing this work" (Longman Dictionary of Contemporary English).

separate functions. The harmony of the key business functions relies heavily on the management of the business; as the four functions assist with achieving the business’s goals. However; the coordination of the key functions depends on the broad goals of the business and its size. For example, larger businesses tend to divide their goals into the separate departments of the business headed by differing managers; compared with smaller business in which the key business functions generally overlap. The four business functions are:

Operations processes refers to the acquisition of inputs which are transformed in a business through the addition of value into outputs of goods and services. Businesses use operational processes involving inputs and transformation processes to increase efficiency and output. The operations management focuses on carefully and managing processes to produce and distribute products and services based on the nature of the business. To achieve objectives in a business, the quality of products are monitored regularly using customer services and warranties. Both Qantas and McDonalds, utilise operation process in order to gain maximum efficiency and productivity.

Contrast project management with operations management. How do these differences impact the approach required to manage a project successfully? (15 points)

the Design of Goods and Services is fairly much of the transformation process in a firm. The design of process is extremely influential in determining decisions relating to business elements such as Cost, quality, human resources. Additionally, to survive in the business arena, a firm must design goods and services to meet the needs and wants of their customers (Heizer & Render, 2011).

In 1991, Liang Senior analysed the Chinese consumer market for a year and sensed that the rapid growth of the

Businesses have many functional areas, these are important in ensuring the business runs efficiently. Here I have described 4 functional areas that most large businesses and organizations should have.