Methods and principles commonly used in the management

Assignment Help Operation Management

Reference no: EM132887217

The "Operations Management Portfolio" consists of four equally weighted, independent parts each of which should be approximately 1,125 words in length. The whole portfolio should not exceed 4,500 words in length and should be written in the style of a business report (i.e. with an apparent structure to include headings, overall introduction and conclusion).

In the first three parts, you are encouraged to concentrate on some of the topics covered in the module (operations management and strategy, value chains, supply chain, forecasting, capacity and resource management, scheduling, quality management, lean operations etc.) and provide examples from the private and public sectors, applicable to goods and/or services.

Part 1: Introduce three of the main concepts used in Operations Management. Discuss how they apply to various operational contexts by making reference to examples available from various sources (case studies, academic papers, trade reviews, or newspapers).

Part 2: Reflect on the importance of three contemporary issues associated with operations management and analyse why they are of critical importance to modern organisations. You are expected to base your analysis on real examples sourced from published cases.

Part 3: Consider the usefulness of three of the main methods and principles commonly used in the management of operations. Review their effectiveness (by referring to the complexity of the operations of some leading organisations) and discuss how they can help organisations run more efficiently and gain competitive advantage.

Part 4: Consider the role of quantitative methods which are used to support operations management and create operational improvements in private and/or public organisations (examples, citations). Provide one simple implementation of a quantitative approach (for example, using a spreadsheet) and assess its value for a scenario of your choice pertaining to a hypothetical organisation.

Reference no: EM132887217

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