Dear Students, The assignment is an opportunity for you to investigate operation
ID: 365236 • Letter: D
Question
Dear Students,
The assignment is an opportunity for you to investigate operations management in practice and to carry out deeper investigations. We expect you to demonstrate further reading and investigation – and to compare what you see in your own organization (or an organization of your choice) with what is written in the academic literature.
Assignment Brief
Students should select an organization (which you have access to) and work through the following subheadings relating to operations within the organization. Students should write a report (using the headings below as a guide) discussing the operations of the organization, and making recommendations for improvement.
I have suggested some subheadings to consider under each heading – but these are not exhaustive topics (and you may discuss other things you see as being important). I would advise that you adopt a reasonably formal style and structure for your report. Include conclusions. Students should note that they do not need to look at an entire company but instead may decide to focus on a particular business unit or operation. For example, the student wants to look at a large international company – but only has access to one part of the organization – this is perfectly acceptable
Project
Task 1: (500-600 words)
1.1 Introduction of your selected company 1
1.1 Definition and importance of Operation Management 0.5
1.2 Key elements of OM 0.5
1.3 Processing of goods within legal and ethical boundaries 0.5
1.4 Role of OM in achieving strategic objectives 0.5
Task 2: (1000-1200 words)
2.1. Implementation of 3Es’ in your selected company
2.1.1. Efficiency 0.5
2.1.2. Economy 0.5
2.1.3. Effectiveness 0.5
2.2. Critical analysis of profit maximization and cost minimization in your selected company 1.5
2.3. Importance of 5 performance objectives of operation management 0.5
2.3.1. Cost 0.5
2.3.2. Quality 0.5
2.3.3. Speed 0.5
2.3.4. Dependability 0.5
2.3.5. Flexibility 0.5
Task 3 (1000-1200 words)
3.1. Importance of operational planning 1
3.2. Quality and its maintenance of your selected company 2
Conclusion 1.5 Recommendations 1.5 References
on your own words
Explanation / Answer
1. i have chosen ITC for this discussion. they are the one of the largest and best conglomerate firm in India. they operates their business plans good and well. they are producing various kinds of products like tobacco products, confictionary, personal care, house appliances, textiles, hotels and so on. they create high level of business efficiency by using its man power and materials. if there is no proper business maintanance, they may not run in the industry in this speed, and they may strugled alot.
the key elements of the operations management in ITC is- forecasting the business demands, preparing an action plan by considering the needs and reality and executing it in more accurate way.
they create goods or produce goods in most effective way. tobacco goods effects the health of consumers, and they have taken all kinds of licences and doing the business. they purchase quality material from farmers and processed it. leagally they are doing correctly, but ethically it may not correct. crores of people consuming cigars and tobacco products and strugling alot.
to prepare business strategies, targets and policies, operational management helps the firm. by consolidating all the reports and facts, they prepare well for future. all it possible because of effective operations management only.
2.
they are operating at good level and the wastage levels are much lower than industy level. they minimize the wastage, which helps the total cost of the product. when the wastage is minimized, the total cost also minimized. similarly the storage costs and maintainance costs are much lower than comparatively with any firm in the industry.
the financial state of the firm is good. it is one of the largest firm which crossed a turnover of more than $50 trillion per annum. financially it is strong and good, economically also well stable.
the products from ITC are more effective in nature, and these are not required highest advertisements. if a product comes from ITC it means it a good product in aspects like quality, performace, durability, and reasonable at price.
3. operational planning helps a firm what to do, when to do, how to do, and why to do? all these helps the firm to reach its targets in the near future and build a platform for its bright future. as i already told the quality, efficiency and cost effectiveness is more accurate in ITC, it is doing well in the business.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.