StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Operations Management - Essay Example

Cite this document
Summary
Operations Management Introduction Operations management is a process of developing products as well as services with the use of resources for the purpose of being offered to the customers. It is a necessary component of an organization to employ all the resources as inputs and manufacture products or services as the final outcome…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Operations Management
Read Text Preview

Extract of sample "Operations Management"

Download file to see previous pages

Honda Motor Company, Ltd. was initiated in 1948 with its head-office in Japan. Takanobu Ito currently serves as the president and chief executive officer (CEO) and the company enjoys a total of ?86 billion as its capital. The main products of the company are automobiles as well as motorcycles along with power products. The total amount of existing employees including its 378 international subsidiaries is 187094 (Honda Motor Co., Ltd, 2012). This Japanese multinational corporation is the producer of automobiles as well as motorcycles.

The corporation was the first to provide a luxury brand of car namely Acura. The operations manager of the corporation is required to properly plan all the activities in order to make future decisions. The planning process needs to be properly organized to ensure proper delegation of the tasks that are intended to be performed. Discussion Supply chain of Honda The ultimate goal of Honda Motor Company is to boost up the sales by increasing the efficiency of the company in different sectors which are research and development (R&D) as well as manufacturing process.

Supply Chain Management (SCM) is the technique of enhancing the performance of companies. The process of SCM is known to facilitate the company in terms of performing all the activities effectively for manufacturing products which would be able to satisfy the demands of the customers. The inventory or resources of the company should be maintained in a successful manner. SCM is the method of coordinating the process of production, location, transportation as well as inventory to manufacture products which are to be offered in the market.

Honda needs to formulate plans with regard to five different areas for increasing the effectiveness of its production process. The five areas which are to be improved are as follows (Stevenson, n.d.). Production The company needs to manufacture products in accordance with the need of the market and the products should be competent of satisfying the customers which would further help Honda to enhance its market share. The production process needs to be appropriately structured in order to enhance the capacity of the plant as well as control the quality of the products along with maintaining the equipments used in the production process (Stevenson, n.d.).

Inventory The inventories or stocks of the company require being properly organized to sustain a proper and smooth flow of materials as well as reduce the cost of holding stocks. Therefore, it is required to formulate methods which will help in maintaining an optimal level of inventory (Stevenson, n.d.). Location The production plant or facility should be located in a place which would be deemed to be effective for carrying out the production process as well as storing inventory. Manufacturing of the products should be performed in an efficient manner and the inventory should be stored in a place which would be easier in terms of accessing the materials at the time of need in the production process (Stevenson, n.d.).

Transportation The material or resources required for manufacturing products should be procured with the help of enhanced means of transportation. An appropriate form of transportation system should be used for procuring materials which would prove to be sufficient enough for the production process and prevent storing huge amount of stocks to minimize the storage expenses of the

...Download file to see next pages Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Operations Management Essay Example | Topics and Well Written Essays - 2500 words - 2”, n.d.)
Operations Management Essay Example | Topics and Well Written Essays - 2500 words - 2. Retrieved from https://studentshare.org/management/1401577-operations-management
(Operations Management Essay Example | Topics and Well Written Essays - 2500 Words - 2)
Operations Management Essay Example | Topics and Well Written Essays - 2500 Words - 2. https://studentshare.org/management/1401577-operations-management.
“Operations Management Essay Example | Topics and Well Written Essays - 2500 Words - 2”, n.d. https://studentshare.org/management/1401577-operations-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Operations Management

Operations Management Principles

This paper “Operations Management Principles” describes a detailed analysis of the Operations Management principles adopted by a copier rehabilitation facility near Charleston, SC.... Having identified the problems with Charleston, SC operations, and further analysis of problems analyzed, what clearly has been brought to light as the outcome of the analysis is lack of control on the overall "Operations Management".... oor Resources management, resulting in loss to the organization....
4 Pages (1000 words) Assignment

LOGISTICS & OPERATIONS MANAGEMENT 3

LOGISTICS & Operations Management 3 s want products available in the right sizes, at the right time and in perfect condition.... Introduction to Operations Management, 2nd Edition Pearson Education, 2002.... Operations Management, Pitman, 1995.... Thus managers can consider the inventory management problem to be a part of operations scheduling problem.... he purpose of capacity management is the planning task, and the modification of capacity is the key problem area in system control....
2 Pages (500 words) Essay

Business Operations Management

Operations Management On inception Geoff Cartwright identified that the running of Gateshead holdings was not in a solid and he acknowledged that there was need for major amendments to be done to ensure efficiency and quality production in the firm.... (2001) Operations Management for Competitive Advantage.... Operations Management: in a week, Chartered Management InstituteWilson, J, M.... (1995) An historical perspective on Operations Management, Production and Inventory Management Journal...
2 Pages (500 words) Essay

Operations Management in Business

It is described as the optimum utilization of resources by efficient procurement and processing to develop products and services… The scope of Operations Management covers from strategic level to tactical level of operations.... Operations Management process can be broken down in to simple steps like Planning, Organizing and Controlling.... Thus the Operations Management allows a firm to meet its organizational goals by efficiently producing its goods and services in order to meet the demands of the customers (Kumar and Suresh, 2009)....
12 Pages (3000 words) Assignment

Strategic Operations Management

The priority is to get the order at initial stage while determining the product specifications, which are required by the manufacturing process.... Other demands are to move into… Demands are different in each market. This market proved to be important standard technique to undertaking business....
6 Pages (1500 words) Assignment

Operations Management Issues

The above scenario has increased the importance of Operations Management in an organization, as it is directly responsible for the final product.... As a result, Operations Management is gaining more significance and has become a key discipline in management science.... Operations Management, as a whole, deals with the design of products and processes, acquisition of resources, transformation of resource inputs into outputs, and distribution of goods and services....
11 Pages (2750 words) Term Paper

Systems and Operations Management

The increased competition has necessitated the establishment of systems and Operations Management practices aimed at increasing efficiency, flexibility, and customer satisfaction with the major goal of attracting customers and retaining the present customers through mutually beneficial practices that benefit all stakeholders.... Operations Management is the efficient designing, systematizing and managing the activities and resources required to provide the business chief services and products for the market with the objective of curtailing costs and enhancing effectiveness and client satisfaction....
11 Pages (2750 words) Assignment

Wal-Marts Operations Management

This case study "Wal-Mart's Operations Management" reflects upon operations improvement, inventory management, quality management, and supply management.... hellip; Operations Management is a management area inclined towards controlling, designing, and overseeing the production process.... Operations Management encompasses the responsibility of utilizing minimum resources and effectively addressing customer requirements.... This study is centered on analyzing Operations Management at Wal-Mart....
7 Pages (1750 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us