Understanding of Operation Management †MyAssignmenthelp.com

Question: Discuss about the Understanding of Operation Management. Answer: In todays business environment, operation management is very fundamental in business operations in the fact that it forms the heart of the organizations by controlling the system of operations (Silviu, 2017). From my experience, I use operations management in different areas of my life and more so in my career life. Understanding various tools of operation management enables me to undertake my duties in a manner which can assist my organization to meet its goals and objectives. From my experience, I have realized that proper knowledge in operations management assists me to improve productivity, which in turn improves the organizations financial health. This happens because proper operations management focuses in ensuring all processes involved in production and distribution of goods and services are undertaken in the right way (Brenda, 2014). For example, it assists managers to ensure the right amount of products or services are produced at the right time, and distributed to reach the final consumer when demand is still available. Considering this aspect in an organization assists it to realize good revenue because of continuous production and distribution of goods and services. I use Operations management as one of the sources of knowledge in formulating strategies which can lead to increase of revenue because various tools found in this field are fundamental for anyone who wishes to yield high profits with minimal production cost. I also use knowledge from this field to analyze the effectiveness of different processes involved in day to day operations and also to manage risks which occur during the business operations. In the todays business environment, each organizations wants to do more with less (Kurian, 2013). The knowledge of operations management assists me to understand various strategies of minimize cost and improving productivity. Some of these strategies include exploiting the technology to improve productivity, determining schedules, establishing a high performance workplace and so forth. The other way which I use operations management is through assisting me to work in a manner which can make my organization to meet customers competitive priorities. Customers being one of the most fundamental assets in an organization, operation management plays a significant role in ensuring their demand and needs are met because it enables managers to ensure the company produces and delivers goods and services based on the expectations of their consumers (Fbci, 2011). Because the nature of todays business environment requires managers to ensure their organizations use proper strategies to achieve of the stated goals and objectives, I use knowledge from this field to ensure all internal processes which impact the performance of my organization are well undertaken. Some of these processes include purchases, logistics, inventory control, quality control, and evaluation. Ensuring this processes are well undertaken enables an organization to gain competitive advantage, increase customer satisfaction and also realize increase in profits (Paula, 2014). With the knowledge of operations management, I do measure performance in various aspects involved in day to day business activities. The nature of todays business requires managers to be aware of how different activities in the organization are performed so as to be able to make the right decisions (Edward, 2013). For example, measuring the units produced in each day assist me to make decisions on various issues like for example when to increase or decrease workforce, when to procure additional machines and so forth. Because operations management includes not only operational processes but also risk management, it has been enabling me to know how to address different risks which arise in day to day business operations. Managing risks is one of the most important things which every business person should understand because risks are always there and if not managed may lead to business failure. In conclusion, it is clear that there are different ways in which I use operation management in todays business. Based on my experience, I have realized that the current business environment requires utilizations of all operation management concepts in order to succeed. For example, managers need to analyze all process involved from production of goods and services to distribution. Having proper knowledge in this field has enabled me to perform well in analyzing these processes because am always capable of knowing what should be produced, at what time, quantity , quality and the best time to deliver products. others ways which I use knowledge from this field include increasing revenue and minimizing costs, assisting my company to obtain positive reputation, increasing customer satisfaction, obtaining customer satisfaction through ensuring goods and services are produced and so forth. Bibliography Brenda, L. M., 2014. Utilizing Industry Contacts to Enhance Student Learning in the Core Operations Management Course. Academy of Educational Leadership Journal, 18(1), pp. 657-698. Edward, R., 2013. AMA Business Boot Camp: Management and Leadership Fundamentals That Will See You Successfully through Your Career. New York: American Management Association. Fbci, A. H., 2011. The Definitive Handbook of Business Continuity Management. Hoboken, NJ: Wiley. Kurian, G. T., 2013. The AMA Dictionary of Business and Management. New York: AMACOM. Paula, B., 2014. Successful Business Process Management: What You Need to Know to Get Results. New York: American Management Association. Silviu, C., 2017. Operations Management and Leadership; A Case-Study of Implementation of Centralized Back Office Activities. manager, Volume 17, pp. 56-78.