MBA Admission Management Quota in Operations Management
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Operations management Historical background
(MBA Admission Management Quota in Operations Management)
OM was previously called production supervision, clearly showing its origins in manufacturing. Historically, it all began with the division of production, starting as early as the times of ancient craftsmen, but spreading more widely only by adding the concept of interchangeability of parts in the eighteenth century, ultimately sparking the industrial revolution. (MBA Admission Management Quota in Operations Management)
As the economies in the developed world were gradually shifting to be service-based, all the corporate functions, including product supervision, started to integrate them. The service side also began its approach by applying product supervision principles to the planning and organizing of processes, to the point where it made more sense to call it OM. (MBA Admission Management Quota in Operations Management)
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WHAT IS OPERATIONS MANAGEMENT?
( MBA Admission Management Quota in Operation Management )
OM is a field that can, at times, be misunderstood because of its multidisciplinary nature. However, its functions form the lynchpin of businesses the world over and success can often rest squarely on its shoulders. The M.B.A in OM is a common specialization among leading business schools the world over.
It also involves planning, organizing, and supervising processes, and make necessary improvements for higher profitability. The adjustments in the everyday operations have to support the company’s strategic goals, so they are preceded by deep analysis and measurement of the current processes.
Operation management in healthcare
( MBA Admission Management Quota in Operation Management )
- OM refers to a focus on the practices designed to monitor and manage all of the processes within the production and the distribution of products and services. ( MBA Admission Management Quota in Operation Management )
- The largest activities that OM focuses on are product creation and service development, and the efficiency with which both are distributed. Managing purchases, monitoring inventory and preserving quality are the primary goals. ( MBA Admission Management Quota in Operation Management )
- OM often includes analysing a company’s internal processes. Ultimately, the way that an organization carries out OM depends upon the nature of products or services that it offers.
- Health care is an extremely diverse industry. It primarily includes institutions and practitioners that offer services for the diagnosis, treatment and prevention of injury, illness, disease, and other physical and mental impairments. There are a wide variety of specialties that focus on specific treatments.
- OM is essential for the efficient functionality and provision of health services. Because the health care sector is currently undergoing a considerable amount of reform, the jobs of those who manage health care operations are changing as well. ( MBA Admission Management Quota in Operation Management )
- Some of the most prominent examples of OM in health care include controlling costs and improving the quality of service provided to patients. ( MBA Admission Management Quota in Operation Management )
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What does OM involve?
(MBA Admission Management Quota in Operations Management)
OM is chiefly concerned with planning, organizing and supervising in the contexts of production, manufacturing or the provision of services. As such, it is delivery-focused, ensuring that an organization successfully turns inputs to outputs in an efficient manner. The inputs themselves could represent anything from materials, equipment and technology to human resources such as staff or workers. (MBA Admission Management Quota in Operations Management)
Examples of the types of duties or specialist positions this encompasses are procurement (acquiring goods or services from external sources), managing relations with those involved in processes, and improving a company’s sustainability with regard to its use of resources. (MBA Admission Management Quota in Operations Management)
Two key terms for OM!!
(MBA Admission Management Quota in Operations Management)
There are two big terms that can help answer the question of what is OM more precisely: supply chain management and logistics. OM has firm foundations in both areas. For example, understanding global trends in supply chain supervision in order to meet client demand is often critical. With logistics, the careful and considered use of resources, as well as cost-effectiveness, has become increasingly important in an era in which resources can often be in short supply and customer expectations have skyrocketed. (MBA Admission Management Quota in Operations Management)
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Skills required of an operations manager
(MBA Admission Management Quota in Operations Management)
There are strong parallels between the skills required for effective OM and those needed in both logistics and supply chain management. Consummate organizational ability is crucial in successfully enhancing efficiency and driving productivity as an operations manager. (MBA Admission Management Quota in Operations Management)
One must be able to understand the series of processes within a company in order to get them to flow seamlessly, and in this sense the role is directly related to supply chain management. Meanwhile, the coordination involved in setting up these processes in practice represents logistics; the combination of understanding and coordinating the work of a company are therefore central to being a successful operations manager. (MBA Admission Management Quota in Operations Management)
The M.B.A in OM
(MBA Admission Management Quota in Operations Management)
An M.B.A in OM or a specialization in a related field, such as logistics or supply chain management, should help students to enter the industry by developing the requisite skillset or to help those already in the industry to widen their knowledge and push on into a business leadership role. ( MBA Admission Management Quota in Operations Management)
Studying an M.B.A in OM commonly offers a global perspective on industry trends and an awareness of any financial regulations or political uncertainties that could impact an organization. Indeed, risk supervision, getting to grips with the industry’s inherent complexities and responding well to change will be a strong consideration for students during their course. (MBA Admission Management Quota in Operations Management)
Emphasizing the importance of strategic thinking is also a cornerstone of many leading OM programs, something that should enable graduates to ensure their organization stays ahead of its competition.
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What you’ll learn
(MBA Admission Management Quota in Operations Management)
- Identify an operations system with some known standard configurations
- Make an assessment of the complexity of an operations system
- Compute cycle times for operations and estimate capacity of the system
- Understand the various components of a supply chain and the need to configure them appropriately
- Identify methods for reducing bullwhip effect in supply chains
- Understand and relate the concept of Lean Management to one’s own business situation
- Initiate process & productivity improvement using NVA Analysis
- Use specific tools and techniques to analyse quality problems
- Monitor a process using control charts
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