Session 1 TOM
Session 1 TOM
OPERATIONS MANAGEMENT
(TOM)
Rakesh Kumar
2024-2025
FOSTIIMA
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CHAPTER 1 INTRODUCTION
LO1-1: Identify the elements of operations and supply chain management
(OSCM).
LO1-2: Know the potential career opportunities in operations and supply
chain management.
LO1-3: Recognize the major concepts that define the operations and
supply chain management field.
LO1-4: Evaluate the efficiency of a firm.
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Who am I?
• Rakesh Kumar
• [email protected]
• 9810078614
• BE IIT Roorkee, PGDM IIM Ahmedabad, LL.B. Meerut
University
• 37 years work experience in Operations and Supply Chain
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Language of Communication/Teaching Style
• Hindi or English
• Theory-Experience-Numericals-Data-Tables-Log tables-
Formulae-Graphs
• Case Study
• Are examples same for all classes?
• Experience what you are taught!
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Course Structure and Assessment
• Class Participation 10 marks-also case studies
• Quiz 10 marks
• Multiple Choice Questions-On LMS around mid session
• 30 marks Group Presentation during last sessions-
Technology and Operations-Subject of your choice
• 50 marks-Final written exam
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Reference Reading
• Operations and Supply Chain Management
• Chase, Shankar, and Jacobs
• 15th and 17th Edition
• McGrawHill Publication
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Success Depends On
• Clever integration of a great
operations-related strategy
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What Is Operations and Supply Chain
Management?
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Operations and Supply Chain Terms
Supply
Operations
Chain
Manufacturing and
Processes that
service processes
move information
used to transform
and material to and
resources into
from the firm
products
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Basic Principles that Guide the Design of
Transformation Processes
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Process Activities
• Planning – processes needed to operate an existing
supply chain
• Sourcing – selection of suppliers that will deliver the
goods and services needed to create the firm’s product
• Making – producing the major product or service
• Delivering – logistics processes such as selecting
carriers, coordinating the movement of goods and
information, and collecting payments from customers
• Returning – receiving worn-out, excess, and/or defective
products back from customers
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Supply Chain Processes
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OSCM Specialist Areas
• Product design
• Purchasing
• Manufacturing
• Service operations
• Logistics
• Distribution
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Possible Careers in OSCM
Hospital Department store
Plant manager Branch manager
administrator manager
Business
Lean
process Production
improvement Project manager
improvement control analyst
manager
analyst
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Time Line Depicting When Major OSCM
Concepts Became Popular
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Management Efficiency Ratios
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Summary
• Processes are used to implement the strategy of the firm
• Analytics are used to support the ongoing decisions needed to
manage the firm
• OSCM people specialize in managing the production of goods
and services
• OSCM jobs are hands-on and require working with others and
figuring out the best way to do things
• The chief operating officer (COO) works with the CEO and
company president to determine the company’s competitive
strategy
• COOs determine an organization’s location, its facilities, which
vendors to use, and how the hiring policy will be implemented
• Many of the concepts that form the OSCM field have their
origins in the Industrial Revolution in the 1800’s
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