Operation Management Assignment Example | Topics and Well Written Essays - 17000 words

Operation Management - Assignment Example gy, Infrastructure, Globalization: 35 Chapter 3: Existing Problems and Weaknesses of Operations Management in the Company: 36 Part 1: Reduced Earnings in the Recent Years: 36 Part 2: Independent Franchise Dealers Being Weaknesses: 38 Part 3: Weaknesses of Operations Management Leadership Program: 39 Part 4: Problems with Plant Applications Production Management: 40 Chapter 4: Need for Re-orientation: 41 Part 1: Overcoming the Problems with Operations and Reorient towards More Cost Effective Operations Management: 42 Part 2: GE Invests Over EUR 85 Million In Germany For Operations Reorientation: 43 Part 3: Improving the Entry Level Leadership Programs for Better Management: 45 Conclusion and Recommendations: 46 References 50 Introduction: Operations management of any business organization deals with the management and operations of products and processes, and supply and delivery of products and services from the company to its end consumers (What is Operations Management? 2013). Thus it involves optimized utilization of available resources towards effective production and delivery of products and services. There are different levels of operations followed in an organization depending on which strategies and tactics are planned (What is Operations Management? 2013). Areas of business concerned with management of production and distribution of products: Logistics and supply chain management are essential parts of the operations management of a business organization that is concerned with the administration of production and distribution of products. Logistics enables a planned structure for the flow of production and information throughout the business (Sekhar 2009). Thus the different processes of operations are linked with the help of logistics. Supply chain management is in charge of the entire responsibility of production of products and services and passing them to the end consumers without causing delay in the processes. The basic functions concerned by the supply chain include design of the products, procurement, production, management of demand, and distribution (Sekhar 2009). Product design is concerned with generating products that can satisfy the needs of consumers. It involves design of the product, its engineering and packaging as well. Procurement refers to gathering the necessary materials in order to produce the actual products (Sekhar 2009). Production is the process that transforms the raw materials into finished products to be offered to the customers. Demand management involves managing the flow of the demand from the market with the ability of the company to meet the demands (Sekhar 2009). Distribution is the