Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Operations Management
Definition of Operations Management
The concept of operations management is an extremely vast one, referring primarily to the processes undergone by resources in their transformation into final products. Some of the basic processes included in operations management refer to the allocation of resources, the design of the prototype, the actual manufacturing and the delivery process (McNamara, 2009). More recently, a trend has been enforced in that operations management strives to achieve a unification between effectiveness and efficiency, in the meaning of delivering high quality products within imposed resource limitations.
Mystic Marc's Guide to Success (The Economist, 2009) tells the story of Marc Benioff, the successful founder of Salesforce.com, an innovative approach to selling software applications to business entities. In a time in which the software developers were focused on traditionally selling their applications, Benioff spotted a tremendous opportunity of offering online complementary services (the company is most renowned for their Customer Relationship Management online applications). The founder argues the importance of a nurturing working environment, and a strong reputation as a company that respects, and even goes beyond, the norms of social responsibility. The company has evolved from its initial desire to be an industry leader, to that of being a leader and a strong presence within industry and community.
3. The Article in the Operations Management Context
Marc Benioff's and his company's evolution and success relate to operations management by referring not only to the core process of a business -- that of delivering a product or service that transforms into money -- but more so as they both focus on the end result, within given conditions and limitations. Additionally, they both place increased emphasis on other elements, such as customer satisfaction, employee morale and on the job satisfaction, or the respect for the communities in which the firms operate.
References:
McNamara, C., 2009, Operations Management, Management Help, http://managementhelp.org/ops_mgnt/ops_mgnt.htm last accessed on December 8, 2009
2009, Mystic Marc's Guide to Success, The Economist, http://www.economist.com/businessfinance/displaystory.cfm?story_id=14953117 last accessed on December 8, 2009
Financial Management Definition of revenue cycle in healthcare A revenue cycle is a process whereby financial progression of the accounts of a business is described.it begins where the business has made acquisition of products until they get paid. Healthcare firms are business oriented organizations. Their survival financially depends on a recurring and consistent flow of money from the services that are provided to patients. Without the existence of adequate stream of revenue
Management Principles Management Leadership Model Paper: Management Principles Research suggests that everyone is a manager in their own way. For instance, everyone manages his finances, time, careers and relationships. These examples of managing are simple and straightforward. However, when concepts of management apply in organizations, management becomes complex. At such a point, it calls for extensive studying in order to understand the theoretical basis of management. The application of management and the enunciation
For instance, it requires increase space for storage. Then, it has to purchase technologies to help manage the inventory, as well as the supply and demands. Then, it would have to purchase trucks and other transportation machineries, and would also have to allocate budgets to completing the transport operations. The operations would have to be continually developed and improved; the fleet would have to be continually maintained and renewed,
Operations and IT Management This study will examine several works in writing and from these sources state how information lifecycle management will affect coordination and conflicts between operations managers and information technology managers. Information Life Cycle Management Information life cycle management is the range of procedures and strategies to manage data and information flows from creation and storage through to elimination." (Lifecycle Management, 2007) Information life cycle management is reported as being considered
Operations Management Role of operations manager Operations management: The importance of OM at IKEA Operations management is defined as "the design and management of products, processes, services and supply chains. It considers the acquisition, development, and utilization of resources that firms need to deliver the goods and services their clients want" (What is operations management, 2012, MIT Sloan). Tasks of the operations manager may span from "determining the size and location of manufacturing
The Improve Phase of the DMAIC process is also essential for managing the piloting and testing of the Six Sigma solutions discovered. It is also essential during the new product development process for measuring and quantifying the unique value proposition of the product or service being produced as well. The final phase, Control, is essential in both a Six Sigma and new product introduction process as well (Pestorius, 2007). Conclusion The