This article consists of 16 pages and 2538 words. In order to have full access to this article, email us at thedocumentco@hotmail.co.uk
Ref No: 2476
An effective operations management system helps managers take useful measures and decision on the right time to deal with the situation.
Operations management helps the business companies to administer the activities such as: planning, organizing, leading, controlling and implementing whereas; managers intend to cover the areas of day to operations of the projects to meet the outcomes by finding the most cost-effective ways.
However, it has been found that operation management initiatives and approaches help the organization to convert the service in most cost effective outcomes (Agus, 2011).Project: 1. Significance of Operation Management in Strategic Planning
The globalization of the business has brought the fierce competition among the companies operating in production industry whereas; operation management is helping the business owners and management to find the cost-effective ways in the market.
On the other hand, maximizing the revenue by minimizing costs in such a competitive market situation is becoming difficult for the companies (Tang & Musa, 2011).
Project: 1. Significance of Operation Management in Strategic PlanningThe following research proposal aims to evaluate the Effect of Operations Management in Cost Effective Production by reviewing the past studies and collecting the primary data from the targeted respondents. Moreover, the proposed research will help the researcher and business organization to take effective initiatives for cost effective operations.
- Significance of the Study
The proposed research aims to evaluate the most appropriate cost effective of operation management for the production. This sector of the business activity is still under the consideration of investigation and required to be explored for better business future of the organizations.
The management teams for the operation management can administer their problems by the help of this proposed study. It is important for the business organizations to follow the cost effective ways by to maximize the revenue to gain the competitive edge and sustainability in the business world.
- Research Questions
- What is the importance of Operation Management in Production?
- What are the ways of improving the production by minimizing the cost?
- What are the effects of Operations Management in cost effective production?
- Research Objectives
- To understand the importance of operation management in production procedures.
- To identify the key performance indicators for the cost effective production.
- To evaluate the effects of Operations Management in a cost effective production….
As per the analysis of de Menezes, Wood, and Gelade (2010), it has been found that operation management is the most efficient business administration which helps to implement the business practices with high efficiency and effectiveness.
Nike is the biggest wonder of production world that is operating as the production company. The operations of Nike are highly profitable due to their strategic operations management implementation which helped them to minimize cost through cost-efficient services.
The most of the practices of operations management is related to the activities of converting raw material into useful goods and products whereas; it has been found in the research of Subramanian and Ramanathan
(2012) that operation management helps the business organizations to minimize the costs, risks and failures by providing most strategic ways for each procedure of the project of business organization in the correspondence Malakooti
(2013) described that operation management is the way of analyzing, planning, organizing, implementing, controlling and monitoring the business procedures and operations, however, the managerial actions and consideration with skills are required for the efficient operations management initiatives.
Recent Comments