Operations

December 4th, 2010 Home Assignment- MMS 1, operations Management Note: You atomic number 18 expected to write answers to the point and in brief. 1. What is the importance of Operations Management in any business organisation? autonomic nervous system: Operations management is an area of business implicated with the output of goods and services, and involves the responsibility of ensuring that business operations are efficient in terms of using as little resource as needed, and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms of materials, labor and energy) into outputs (in the form of goods and services). 2. What major functions of any organisations are directly involved under Operations Management? autonomic nervous system: Product, Process, Facilities, layout, Planning, Scheduling, Materials, HR 3. What do you understand by dodging? Ans: Strategy is a set of goals and policies designed to achieve a sustainable competitive advantage by creation of unique and invaluable position.

Strategy frameworks are essential to: - Break down vertebral column assumptions - Reduce uncertainty in the market place - Integrate and lift the firm - Determination of Profitability The Fundamental unit of strategic analysis is the industry Company economic performance is result of dickens distinct causes - Overall rules of competition - Sources of competitive adv. Strategy must track both 4. What are major sources of Competitive Advantage, an organisation may look at? Ans: Sources of Competitive Advantage - Core competencies - detail factor that a business sees as being exchange to the way it, or its employees, works - Critical Resources - resource that can still be in use by at about one process at any one time - pick up Success Factors Ultimate purpose is to focus on organizations resources, capabilities & energies on building a... If you want to get a full essay, hunting lodge it on our website: Orderessay

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