production and operations management reflection paper
principles on how to manage a system or process that creates goods and services, which helps me "Production and Operations Management (POM)." Accessed January 18, 2023. that it encompasses. In the first part of this portfolio, I would discuss all the key IT Operations Management framework which have been introduced in the paper, the analysis of the processes, blended into theoretical approaches to critically evaluate various financial aspects. Regardless of the payment method you choose for checking out, all transactions are safe and encryption-protected. This chapter aims to define and explain the significance, of competitiveness, strategy, and productivity in a business and as to how this factors affect, business decision making which will result to business succes, In this chapter, I have learned that competitiveness shows ho. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, Production and Operations Management (POM), Successful Managers of Tomorrow Will Be the Ones Who Have a High Cultural Quotient, The Concept of Diversity in Human Resource Management, Morgan Spurlock's POM Wonderful: The Greatest Movie Ever Sold, The Hudsons Bay Company and the Northwest Fur Trade, Indoor Ski Resort in Dubai Mall of the Emirates, Batch Processing and Real-Time Processing, Dunns Ski Emporium Company Leadership Plan, The New Ski Run Project: Value and Criterias, International Human Resource Managing: Preparing Expatriate Employees, Difference between domestic and international human resource management, Employee Empowerment Problem at the Workplace, Business Memo: Impact of Technology on Quality of Work. Besides, each type of furniture is produced in low volumes since they are meant for specific customers and not the mass market. forecasting, scheduling, managing inventories, assuring quality, etc. 1.1 For additional information about POM, . In addition, due to good teamwork with my classmates, I was able to learn more quickly and understand the topics, which seemed difficult to me. During the lecture on the Operations Management, I was able to comprehend significant factors that a firm should consider in order to be competitive and hence successful. Management Reflection Sample Paper This type of equipment can be used to produce different types of furniture. Caselet 1. Operations Management. please used the info provided with you knowlege. The marketing team develops a sales plan for the coming 3 to 18 months. Internal server error. Role of Operations Management Operations management is the design operations and improvement of systems that create and deliver a company's products and services. Open navigation menu Shaikh. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. The high cost of holding the excess inventory is also an indication of uneconomical use of resources. The high cost of holding the excess inventory is . Accessed 18 January 2023. Hudsons also uses batch production system in order to achieve economies of scale in the manufacture of commercial ski furniture. Hudsons initially focused on the production of custom-made furniture. In this case, Hudsons will have a high debt-equity ratio, especially, if a lot of money is borrowed from financial institutions. The management will also have to decide on the level of product quality to maintain. Thus, POM is concerned with designing, redesigning and supervising business operations that facilitate production of goods, as well as, services. European Journal of Operational Research, 10(2), pp. Beau Ties is experiencing mismatch in supply and demand due to the perceived rapid growth. 17. Thus, decisions must be made concerning the acceptable costs, quality, as well as, production schedules. Source: Johns C, 1994 support@phdessay.com. The resulting increase in warehousing costs is a reflection of the firm's inability to hold the optimal or right quantity of inventory. Type of paper: Slack, N., 2015. Thus, the main workers-related decisions that need to be made at Hudsons include the following. Free Report On Reflective Paper On Operation Management. In the long-run, the firm is likely to benefit from an expanded production capacity. 793 Words. Financial structure refers to the mixture of long-term debt and equity that a company uses to finance its operations. "Production and Operations Management (POM)." Cost cutting measures such as outsourcing and lean production also require a lot of money for implementation (Vinod and Rich, 2011, pp. Additionally, batch production involves long and costly down-time. Advantages and Disadvantages The advantages of Lean manufacturing include reduced set up times, less lead times, lower expenditure of materials, simplification of materials for easy identification, reducing wastes, standardizing operating procedures, sustaining better environment and results, good maintenance, and safe practices (Heizer & Render, 2010). Stephanie Coleman Each customer gives unique specifications on how his or her furniture is to be manufactured. Lean manufacturing is the approach that identifies and minimizes waste by adopting continuous improvement to satisfy the customers demands. In addition, to the general topic discussed, I would also focus on the some of my experience doing the class and how those experience and knowledge gained can help me in the future. Krissha Kate A. Diga. This is also accompanied by the companys capacity to successfully engage in the leveraging and connecting the value of its partners and suppliers technology innovation. double-spaced Times 12 font . The steps I take to organize my task for today is to first make a list of all tasks that you have to do. detailed plan before producing a product to meet the end customers requirements and This is because communication facilitates most production activities such as planning, scheduling and ensuring team work. ?>. Batch production requires automation in order to promote efficiency (Wang, Li and Obrien, 2010, pp. The main purpose of any production system is to produce the desired goods and services effectively and efficiently. However, since joining the course, I have There are several different methods of handling the conversion or . WowEssays, 24 Feb. 2020, https://www.wowessays.com/free-samples/free-report-on-reflective-paper-on-operation-management/. She, What should be done to narrow the list of potential countries they can expand to, Tugasan 1 (40 markah) Memahami konsep asas adalah penting untuk mengaitkan kursus ini dengan realiti masyarakat di Malaysia. Thus, paying for the interest rates represents additional cost to the firm. With the help of Production and Operations Management pdf . Production system refers to the manufacturing subsystems that include all functions required for designing, producing, distributing and servicing a manufactured product. 1. Decisions in this area will focus on the time required to operate the plant, productivity of the plant, as well as, reliability of equipment. In any business, there is a role designated for operations management. could deeply comprehend them. Through the discussion of this chapter, I have learned that operations management is a. every organization whether service or manufacturing, profit or not for profit business. Apart from the explanation of concepts and theories, our lecturer also gave us many Basically, businesses have inputs such as manpower, materials, and money in order to serve outputs such as, goods and services. BSc (Hons) Engineering Management ENMMANUB Dorling Kindersley India Pvt. The inventory includes raw materials, complementary parts, actual or finished products, and other packing materials therefore, the two most used operational approaches for by these organizations are Lean manufacturing approach and Outsourcing. fExamination Paper of Production and Operations Management. Second, the operations manager will have to make decisions on plant utilization. Rastagi, M., 2010. Furthermore, I also had the opportunity to participate in group discussions with Operations management is an area of business concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient in terms of using. Continue Reading. Since the two product lines compete for production time, the management must decide on the quantities of each product to produce on a daily basis in order to meet the delivery deadlines. McIvor, R. (2009). practical exercises during the tutorial class to create a realistic visualization of operation sustainability of an integrated supply chain, each department must fulfill its tasks, KPIs and Daily Management System: It is often the routine application of the 4Ms in a simple one page format that best engages and enables the problem . Word count Since the market for commercial ski furniture consists of price sensitive buyers, premium prices can not be charged for the commercial orders. Video Reflection: Epic Implementation at YNHH We can custom-write anything as well! Scope of production and operation management [31] its production. The House On Mango Street By Sandra Cisneros, Reflected Appraisal Theory In Finding Nemo, The Routes Of Slavery Assignment : The Transatlantic Slave Trade. We will write a custom Essay on Production and Operations Management (POM) specifically for you for only $16.05 $11/page. And this strategy has its formula to be, Do not sell or share my personal information. Thus, deciding on the expected maintenance costs and safety standards become apparent. However, the expected economies of scale have not been achieved since the cost of producing the commercial ski furniture continues to rise. An Production of a wide variety of products requires great flexibility in the production system. From the course, I learnt that, to be a successful operations manager, one needs to enjoy his duties, have deep understanding of customer demands, good communication skills and good analysis skills. Traditionally, the term 'production' brings to mind smokestacks, assembly lines and machine shops. The products must also enable different consumers to reduce the cost such as the supply chain waste since the networking technology is able to escalate events more critically and quickly. Efficiency involves economical use of resources while effectiveness is concerned with meeting customers needs. My Assignment Help : Samples & Case Study Review Sample. We use cookies to enhance our website for you. Report, Topic: We, as a group, conducted the course together and helped each other for deep understanding of the topics. Operations activities often include product creation, development, production and distribution. Reflection upon supervisory functions of rooms division According to Stevenson operations management can be defined as a management, of systems or processes that is able to create goods as well as provide services (2015). International Journal of Production Economics, 124(1), pp. The flexibility enables the firm to adapt its production system to the quality and design expectations of the customers. POM functions include but not limited to plant management, production control, systems analysis, and cost controls. Effective and efficient levels of operations management help to improve to quality of the product and takes it several notched higher as compared to the competition in the market. I agree. Well email you the instructions on how to reset it, Free Research Paper About A Raisin In The Sun Lorraine Hansberry. Get help with 11% offusing code - GETWOWED, No, thanks! Financial management (2010, para.1) defines financial management as planning for the future of a person or a business enterprise to ensure a positive cash flow. December 8, 2019. https://ivypanda.com/essays/production-and-operations-management-pom/. Social sustainability KPIs in operations management: a gap between the reactive and the proactive stance. The job shop system used at Hudsons is based on the following factors. This involves comparing actual and planned output. [Internet]. Storage and part location can be improved. Production and Operations Management 2nd Edition by S. Anil Kumar & N. Suresh . IvyPanda. constantly improve its system. Read Essay On Production and Operations Management and other exceptional papers on every subject and topic college can throw at you. It also entails processes of identification and management of risks whereby reflective activity means . Every organization, whether public or private, manufacturing or service, has an operations function. This planning involves functioning of all the activities of the organisation like sales, manufacturing, operations, finance etc. Reflection There must also be proper scheduling of production so that products can be manufactured in time and in order of importance. Implementing the trade-offs requires proper organization. Disadvantages can be excess time spent on cleaning and identification purposes, also with the use of resources and money. The management must decide on the wages and salaries that will motivate the workers to increase their productivity. Employees should always keep in mind the interests of the organization and realize the company standards are more important than the customers nterests to bend the rules. After this activity, I understand how to make a An manager needs good problem solving skills. "Free Report On Reflective Paper On Operation Management." Operations management is an area of business concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient in terms of using. The mission of Production and Operations Management is to serve as the flagship research journal in operations management in manufacturing and services. 2. When implementing ICT, the process and disseminate raw data of This paper argues for the premise that using different production methods on the same plant and equipment lowers production efficiency. This means that the furniture can not be produced and delivered in time as required by customers. Operating a single production plant has the advantage of reducing transportation costs associated with moving work-in-progress and raw materials from one plant to the other. 2019. Advantages of JIT include reduction in inventory costs, storage costs, handling costs, cutting costs of quality, and improving quality. I undertook study on Operations Management and Operations Strategy. Professor The course comprises of several topics. The Role of Master in Commercial Law to Ship Operations for transportations of Goods by Seas. management It covers all topics in product and process design, operations, and supply chain management and welcomes papers using any research paradigm. Hudsons has ensured flexibility by adopting the use of general purpose equipment. The most challenging task is to motivate and manage employees to get on the same page and get something planned and completed on time and within a budget. Essay type Research. com/business/supply-chain-management/operational-approaches/. W/C 22/09/14 Sales and operations planning assists the organisations to balance the demand and supply. You can use it as an example when writing I understand that the operations management must be considered as one of the major functions of the business, and also correlate with other major functions such as marketing, human resources management and financing. Need a custom Essay sample written from scratch by To be effective in a business crisis your communication plan must be and easy to reference document that contains decisions, action, resources and contacts you and your team will need to represent your organization in the high pressure of a crisis. The main financial implication of these problems is that the profits of the firm are likely to reduce significantly if production can not be increased in the short-run to cover the rising costs. understood that information and communication technology (ICT) is an important strategic Ilngj lddnknlgt hlfgs c`ngj tal, tangjs rnjat, t` rlcukl ugglklssfry `r rlcugcfgt fktnvntnls taft fcc ugglklssfry k`st `r c`ngj, tangjs ft tal o`wlst k`st fs p`ssniol wanol, t` hfbngj tal rnjat fktn`gs fgc pofgs ng `rclr t` nhpr`vl tal iusnglss fgc fcc vfoul d`r tal, Lvlry iusnglssls frl cnrlktlc t`wfrcs fkanlvngj f splkndnk j`fo. Lecturers: OPS/571 Functions of POM Production/operation management is a component of organization which concerned with the creation of utility in raw materials through conversion process. It also involves formulating the policies and identifying the procedures which can be used to realize the objectives. "Production and Operations Management (POM)." Limitations of production planning and control 1. This chapter aims to define and explain the operations management and present its, role in business. database? (2019, December 8). This reflection activity is comprised of two sections, collectively totaling a minimum of 500 words. In most cases, managers adopt a planning model such as aggregate planning to enhance optimization of existing capacities. Nt ns f suislt `d `plrftn`gs hfgfjlhlgt, hlfgngj, talsl tw` dugktn`gs frl ngtlrrloftlc. Reflection A quality controller selects a random sample of 55 packets of gum. Distribution date essay, Company Operations and Management - Corporate Governance Essay, Essay On Production And Operations Management, Discuss of the Significance and Recent Trends in Operations Management, Operations Management - Core Capabilities, Discussion/ Technology and Operations Management, Discussions / Technology & Management Operations, Write Date Introduction International projects involve many people with different cultures and backgrounds. This essay on Production and Operations Management (POM) was written and submitted by your fellow During the discussion, I learnt that, for the multinational corporations, they should apply diverse logical operation strategies to develop their competitive strategies that enable them to remain competitive in the industry. years the concept of operations management has been changed from production management, industrial management as well as factory management (Meredith, 2001). Your privacy is extremely important to us. It not only acts as a disseminator and facilitator for product and process The operations problems created by the move to produce commercial furniture are likely to have significant effects on Hudsons financial structure. An operation has been identified by scholars to include all activities involved in the production of goods and/or services (Schroeder, 2000; Wild, 1989; Slack et al, 2007). Views 1673. However, this objective was not achieved since job shop production and batch production involves different procedures. However, the rise in orders for commercial ski furniture prevents Hudsons form achieving these objectives. In the process of producing the products and services, operation management has to change the input into output. Strengths and weaknesses of the supply chain are large and diversified business organisations. We, as a group, conducted the course together and helped each other for deep understanding of the topics. 1.5 Suitability of Systems of different food outlets. The second edition of the book Production and Operations Management incorporates several suggestions offered by our colleagues and students all over the country. Operations management aids a company in becoming well-organized, operating more efficiently and productively, staying competitive and improving customer relations. Output: Production management deals with manufacturing of products like (computer, car, etc) while operations management cover both products and services. This process call Input- transformation- output processes. Moreover, the report exclusively centres on the operations of the Holden Manufacturers. Production and Operations Management (POM) is about the transformation of production and operational inputs into outputs that, when distributed, meet the needs of customers. [`, ng c`ngj cnddlrlgt, `gl `d tal nhp`rtfgt k`gsnclrftn`g ng lvlry, Do not sell or share my personal information. Project Management Institute. Nationwide Business Interview I expect to learn what is fundamental to achieving and more importantly sustaining a career and business success, particularly within a competitive sales and marketing environment. We also discussed about the similarities and contrast of service and manufacturing, organizations and I also learned that operations management, two decisions that is the tactical decision which focuses on the specific day-to-day issues like, resources need, schedules, and quantities to produce; and strategic decision which focuses on the. Second approach is outsourcing where the organizations that are not efficient enough in producing a certain product or material, assigns that production task to some other company, entity, business, or vendor that actually possesses the skills, mastery, technology, and resources to produce and deliver it. Similarly, changing the layout of the factory in order to create more space will require significant investment in consultancy and engineering services. Currently, decisions on which product to give priority in production depends on expected profits. Every process that a company employs to meet its strategic goals is a result of operations management. Experienced personnel are needed to be appointed to produce a good operation strategy. Operations Management Operations management focuses on managing the processes of producing and distributing products and services. If a new task comes up during the day, I keep working on the current task unless the new task is more important. please make a reflection paper for the operations management course, minimum of 2 pages, Production control is to do with seeing that the requirements are actually made available at the right place and in the right quantities. As discussed earlier, the move to produce commercial furniture has resulted into high costs and constrained capacity. student. About the Journal. December 8, 2019. https://ivypanda.com/essays/production-and-operations-management-pom/. The degree of labor and customization provides better customer satisfaction, customer loyalty, increased ordered and sales, less wage costs, and service variety. Due to the dynamic change in the business environment, the scope of production and operation management has increased. The Four Vs Operational Process Marketing Essay. (2018, Sep 13). Since the production capacity is limited, the lead time in production has significantly increased. Disadvantages include increase in expenditure, high production costs, and the company might not obtain desired quality or core competence. Download Production and Operations Management Notes PDF 2023 for MBA. Hence, decisions must be made concerning skill requirement. Biology Is the scientific study of life. According to Dr. Visweswarayya, the decision of plant location should be based on the 'Nine M's' namely, Money, Material, Manpower, Market, Motivational power, Management, Machinery, Means of communication and Momentum to early start. The competitive strategies that are exercised by such companies include maintaining stock for only two days to accomplish the direct model, higher services especially through the internet, faster delivery of the merchandise, and robust complete worth in the marketplace (Bhadur, 2008). In a nutshell, the increase in commercial orders has resulted into serious capacity constraints at Hudsons Alpine Furniture. 39-47. The main objective of this essay is to offer critical evaluation of the processes surrounding change management in relation to personal professional background. Operation management can be defined as "a configuration of resources combined for the provision of goods or services" (Morris, 1978). International Journal of Operations & Production Management, 27(9), 1020-1042. The reflection paper should present the key learning's you derive from the lectures, simulations, the Boeing tour (boeing tour notes will be attached) and reading the book Joe's Garage. For a company to be flexible, it has to deal with a different diversity of products. Thus, a wrong decision on the communication channel to be used by the employees might have serious negative effects on productivity in the firm. The sales and operations planning process helps companies provide better customer service, lower inventory, shorten customer lead times, stabilize production rates, and give top management a better view of the business (Chase & Jacobs, 2011). Number of words: 2376. Over the years the concept of operations management has been changed from production management, industrial management as well as factory . We focus on the surgery-to-operating room allocations for elective patients and future emergencies. Murthy, R., 2007. Name Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. 463-474. flows are well managed across a supply chain. It has elements of managing and directing processes. October 7, 2013 The operations functionis the part of the organization that is responsible for this activity. The process of planning, organizing and controlling the production process in order to optimize the limited capacity is quite challenging. WowEssays. Nevertheless, the policies of the new Coalition government tightened the operations and brought about ill conditions that confronted the operations of the sector. Reliability of the product. Tutor Andrew Brookes Operations management. Also, through this paper the teacher can analyse what . It involves planning, organizing, and supervising processes, and make necessary improvements for higher profitability. This is IvyPanda's free database of academic paper samples. Liquids being used in plastics and chemicals are also produced by a refinery. Need urgent help with your paper? improving the added value and margins of a company. Concentrating in the production of custom furniture necessitates production of a variety of products. and sustainable business in order to continue its operation and its contribution to its employees, On our second meeting, the teacher presented about the continuation to Production and, Chapter 2. assignments. You are free to use it for research and reference purposes in order to write your own paper; however, you Therefore, the likely scenario is that a better part of the firms earnings, especially, in the short-run will go to the creditors. Krajewski, L.J., Ritzman, L.P. and Malhotra, M.K., 2013. From http://www. Vinod, V., and Rich, S., 2011. In other words, is the process of taking input such as raw material and component and turning it in to out put by adding values (Shaikh, 2010). And also to identify the major. First, debts are normally obtained at interest rates which might be very high. f Formally stated, therefore, production and operations management (POM) is the management of an organization's production system, which converts inputs into the organization's products and services. 1. The stringent delivery requirements imposed by commercial buyers coupled with the increase in demand for commercial ski furniture limit the companys ability to meet time and quantity objectives.