Operation Management Essay

To be able produce specialized music directors capable of ful engageing strategic tasks within occupation and government enterprises the indispensability for the practise of trading operations attention thronenot be forgone. Operations circumspection is genuinely significant in business operations since it forms the heart of the organisation by controlling the dodge of operation. Operations circumspection deals with the convention, operation, and enhancement of the systems that generate and stick out a unfalterings primary products and goods. worry grocery storeing and finance, operations circumspection is a well-designed orbit of business with clear management responsibilities. Panasonic Corp. is a fel mooship in which produces various electronic components much(prenominal) as Audio, Video, Televisions, Information and Communication, Semi-conductors and opposite Electronic Components. In a business entity like Panasonic Corp. the use of operations management is precise essential in every textile of the c altogetherer-outs activities. Panasonic Corp. uses operations management to plug and maintain competence and durability in the organisation. force in Panasonic Corp. s concerned with how well resources much(prenominal) as respective(prenominal) expertise and in fixs argon put in use irrespective of the reason for which they were deployed in the system of rules. The beau monde through its performance ensures that the main object glass for its establishment to generate profits and maximize sh ar deliverers pass judgment is realized. The company reduces its cost of performance by ensuring that visible and intangible possessions are not over str etc.ed or wasted in the organisation. This is a situation where the company carries out efficiently its goals to be the market drawing card using minimum resources to attain maximum output.The regularitys of effectiveness and competence in Panasonic Corp. leads to labour competency, y ield, and capability fill working capital utilization and the efficiency of takings systems. Panasonic Corp. in addition fares fine use of its products and serve management through operations management. Product (or service) management includes a broad range of management activities, ranging from the time that in that locations a revolutionary brain for a product to ultimately provide ongoing prevail to consumers who have purchased the fresh and innovative product. entirely(prenominal) organization conducts product supervision, whether its done deliberately or not deliberately. Panasonic Corp. through this module provides a full idea of catchations in producing and managing its goods. Panasonic Corp. uses it hub competences in the areas of manufacturing, branding, promoting through sell and retail outlets to achieve competitive benefits in the market place. look management is also a very essential aspect of operations management in every organisation.Panasonic Corp. s v ery crucial intimately its products developed for the consumer in the market place. Quality management is indispensable to effective operations management, in particular ongoing perfection to match the consumers taste and preference at all times. counselling Control and Coordinating sour cannot be forgone in operations management particularly in a company like Panasonic Corp. Management control and coordination includes a vast series of activities to make received that the companys objectives are systematically being met in an effective and efficient style. come across approaches to the companys organizational control and coordination adjudge product assessment, product allocation, marketing and promotion, sales and service and product advancement. The company also uses advertisements as a major tool to reach the client. In this progressively expanding and competitive marketplace, the company make sure its products and services are notably in the minds of their clients and clients. This occurs as a consequence of ongoing promotion and advertising by the company. Facilities management is also an essential task and its enormousness on operations management for Panasonic Corp. s required. legal operations management in the companys activities depends on a big deal of effective management of facilities, such as castings, computer system, intendts and machinery etc. Facilities management in Panasonic corp. is very important since the company may be busy in a batch or fix yield depending on the affect conditions on the market. In this case facilities need to be managed in producing large quantities of products which mustiness be consistent to meet the market demand at definite period.Well managed facilities help in work speed, lower per unit cost, manage and control the efficiency in the companys production plow. stock-taking control and management is one important instrument of operations management that Panasonic Corp. uses in its operations. M anaging and controlling the ancestry of the company is very critical and essential. Innovative modes, such as Just-in-Time inventory control, are some of the close important instruments used by the company to deoxidize costs and move products and services to consumers more rapidly. generally the significance of operations management on business is urrounded in every aspect of the organizations activities and therefore has vital role to play in ensuring that organizations attain their objectives and goals.Every organization, whether it produces goods or provides services furnishes customers with worthy products. Thus, to compete with other organizations, a company must transfigure resources (materials, labour, money, information) into goods or services as efficiently as possible. The superior manager who directs this transformation process is called an operations manager.The subcontract of operations management (OM) is to transform resources into products which consist of al l the activities involved in transforming a product idea into finished and final products. In other words, operations managers manage the process that transforms inputs into outputs. Like Panasonic Corp. all manufacturers train out to execute the same basic roles to transform resources into finished goods. To perform this function in right aways business surroundings, manufacturers must constantly trial to improve operational effectiveness.They must focus on quality, the costs of materials and labour and all costs that conduct no value to the finished product. Making the closings in the effort to achieve these objectives is the job of the operations manager. That somebodys responsibilities can be grouped as follows * production planning. During production planning, managers determine how goods will be produced, where production will be carried out, and how manufacturing facilities will be done. * Production control. Once the production process is started, managers must repetit ively schedule and monitor the activities that make up that process.They must respond to feedback and make adjustments where required. At this stage, they also supervise the purchasing of raw materials and the usage of inventories. * Quality control. Finally, the operations manager is directly concerned in efforts to make sure that goods are produced consort to term and that quality values are maintained. Planning the Production Process Managers in Panasonic Corp. believe that the decisions do in the planning phase have long-range implications and are vital to a firms achievement. beforehand making decisions about the operations process, managers must consider the goals set by marketing managers. Does the company purpose to be a low-cost producer and to dispute on the basis of price? Or does it plan to focus on quality and go after the utmost end of the market? Perhaps it wants to build a standard of consistency. What if it intends to offer a encompassing range of products? T o make things even more complicated, all these decisions involve trade-offs. Upholding a reputation for reliability isnt necessarily compatible with offering a wide range of products.Low cost doesnt unremarkably go hand in hand with naughty quality. With these factors in mind, lets look at the specific types of decisions that have to be made in the production planning process. Weve divided these decisions into those dealing with production methods, site selection, facility layout, and components and materials management. Production-Method Decisions The first step in production planning is deciding which type of production process is best for making the goods that your company intends to manufacture.In reaching this decision, you should answer such questions as the by-line * How much input do I cause from a particular customer before producing my goods? * Am I making a one-of-a-kind good establish solely on customer specifications, or am I producing high-volume like goods to be sold afterwards? * Do I offer customers the option of customizing an other than standardized good to meet their specific ask? One way to appreciate the nature of this decision is by comparing three basic types of processes or methods make-to-order, mass production, and mass customization.The task of the operations manager is to work with other managers, particularly marketers, to select the process that best serves the needs of the companys customers. Make-to-Order At one time, most consumer goods, such as furniture and c ganghing, were made by individuals practicing various crafts. By their very nature, products were customized to meet the needs of the buyers who ordered them.This process, which is called a make-to-order strategymake-to-order strategyProduction method in which products are made to customer specification. is lock away commonly used by such businesses as print or sign shops that produce low-volume, high-variety goods according to customer specifications. Mass Pro duction Automakers produce a high volume of cars in anticipation of prospective demand. By the early twentieth century, however, a new concept of producing goods had been introduced mass production (or make-to-stock strategy)mass production (or make-to-stock strategy)Production method in which high volumes of products are made at low cost and held in inventory in anticipation of future demand. s the practice of producing high volumes of identical goods at a cost low enough to price them for large numbers of customers.Goods are made in anticipation of future demand (based on forecasts) and kept in inventory for afterwards sale. This approach is particularly appropriate for standardized goods ranging from processed foods to electronic appliances. Mass Customization But theres a disadvantage to mass production customers, as one contemporary advertising slogan puts it, cant have it their way.They have to accept standardized products as they come off assembly lines. Increasingly, howe ver, customers are looking for products that are designed to accommodate individual tastes or needs but can until now be bought at reasonable prices. To meet the demands of these consumers, some companies have turned to an approach called mass customizationmass customizationProduction method in which fairly high volumes of customized products are made at fairly low prices. , which (as the term suggests) combines the advantages of customized products with those of mass production.This approach requires that a company interact with the customer to find out exactly what the customer wants and accordingly manufacture the good, using efficient production methods to hold down costs. One efficient method is to manufacture a product up to a certain cut-off point and then to customize it to satisfy opposite customers. The list of companies devoting at least a dowery of their operations to mass customization is growing steadily. Perhaps the known mass customizer is Dell, which has achi eved phenomenal success by allowing customers to set up their own personal computers.The Web has a lot to do with the growth of mass customization. Nike, for instance, now lets customers design their own athletic shoes on the firms Web site. Procter & Gamble offers made-to-order, personal- precaution products, such as shampoos and fragrances, while Mars, Inc. can make M&Ms in any color the customer wants (say, school colors). Naturally, mass customization doesnt work for all types of goods. Most people dont care about customized detergents or paper products. And while legion(predicate) of us like the idea of customized clothes from Levis or Lands End, we often arent willing to remuneration the higher prices they command.