¶ … Operational Management
Learning is a slow but steady procedure. It is fascinating how, even the smallest things in life can teach you wonders. Throughout the length of the operational management course, I have come across a great deal of information which will hopefully help me greatly in the practical side of my career. What make this experience stand apart from all the previous ones are the opportunities provided in it. Not only did the class events give me a deep insight on the managing, designing and delivering of products according to the need of the customer but also gave me the chance to understand the difficulties faced by the operating enterprises in the implementation of management sciences in their everyday encounters. Such knowledge now makes me more capable of analyzing the correct concepts and tools related to any issue in the market and hence, making sensible decisions. I am also now aware of the role of great decision making in the aim of producing bigger and better results and thus, able to perform both the quantitative as well as the qualitative analysis of the issues of business management.
Another strategy which gained quite an emphasis during the lectures, especially through the Deming's experiment, relates to improving operational efficiency while keeping a strict check on the quality. What I have concluded according to my level of understanding is that reducing cost and/or increasing capital efficiency...
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