1st Assignement
1st Assignement
Operations Management (OM) has evolved significantly from its early roots to
the complex, technology-driven field it is today.
Citations:
Management, on the other hand, is more like the strategic planning I do for
my family’s future—deciding on the best ways to support my kids’ education,
managing our finances, and setting long-term goals for our household. In a
business setting, management involves making decisions about how the
company is run, setting goals, organizing resources, and ensuring that all the
different parts of the business are working together towards those goals
(Robbins & Coulter, 2021).
Example:
For example, consider a retail business like a clothing store. The operating
system might include a point-of-sale (POS) system that tracks sales,
manages inventory, and processes payments. This system ensures that the
store has up-to-date information on what products are selling well, what needs
to be reordered, and how much revenue is being generated. This allows the
business to operate efficiently and make informed decisions, such as
restocking popular items or offering discounts on slower-moving inventory.
In my home, this is similar to having a meal planning system that tracks what
groceries we need, what meals we’re preparing, and what’s available in the
pantry. This system helps me manage our household budget, reduce waste,
and ensure that everyone is well-fed.`
5) Cite few examples of products which may fall under mass production
system. What is its most distinct characteristic?
Examples:
Distinct Characteristic:
The most distinct characteristic of the job shop production system is its
customization. Unlike mass production, which focuses on standardizing
products for large-scale production, job shop systems are designed to handle
small batches of highly customized products. This system is adaptable,
allowing for flexibility in production processes to meet specific customer
requirements and unique orders.
Overview:
Monde Nissin, a major player in the Philippine food and beverage industry, is
well-known for its Lucky Me! instant noodles. The company employs process
analysis to optimize its manufacturing operations.
3. Evaluating Efficiency:
The company assesses various performance metrics such as production
cycle times, energy consumption, and material efficiency. For example, they
review how long it takes to cook and dry the noodles and analyze if energy
use is cost-effective.
4. Spotting Inefficiencies:
Analysis might uncover delays in stages like drying or excess waste during
ingredient handling. Monde Nissin could identify bottlenecks in the packaging
process or machinery that isn’t operating optimally.
5. Implementing Improvements:
Based on the analysis, Monde Nissin might implement changes like upgrading
drying equipment for better efficiency, optimizing ingredient handling to
reduce waste, or automating the packaging process to streamline operations
and cut costs.
Impact:
Through process analysis, Monde Nissin enhances its manufacturing
efficiency, lowers production costs, and maintains high product quality. This
approach ensures that the company can effectively meet consumer demand
and make the best use of its resources.
In my role, this meant that the QMS was crucial for several reasons:
1. Consistency and Reliability: A QMS ensures that products and services
meet consistent quality standards. For instance, ensuring that the medications
and products on the shelves were always in good condition and accurately
priced was a key part of maintaining customer trust and satisfaction.
Overall, the QMS in my experience was all about maintaining high standards,
improving service quality, and ensuring customer satisfaction by addressing
any issues that arose and continually refining processes.