Valuing supply-chain responsiveness under demand jumps. Assessing impacts of introducing ship-to-store service on sales and returns in omnichannel retailing: A data analytics study.
Latest issues Volume 61 pp. Find out more About the journal. Articles in press Latest published articles Research article Abstract only Purchasing managers' willingness to pay for attributes that constitute sustainability.
Business organizations exist to provide something of value to their stakeholders. For stockholders, this may mean profitability and return on investment. For employees, this may mean job security and a wage that is at or above industry standards. For distributors and suppliers, this may mean sufficient commerce to keep their own operations going. To meet these disparate objectives, organizations need to be able to offer a product or service of value to the customer, whether it is light-weight running shoes, steel rivets, or consulting services.
Operations management comprises those areas of management that are concerned with productivity, quality, and cost in the operations function i. Business operations include any processes that transform any inputs such as labor, capital, materials, and energy into products and services that are of value in the marketplace. Operations management draws from multiple disciplines in order to optimize the effectiveness of operations within the organization. Operations management is more than an emphasis on manufacturing processes.
There are many activities within an organization that add value to the end product or service but that do not directly provide goods or services to the customer. For example, the accounting department adds value to the organization's activities by making sure that the employees, distributors, and suppliers are all paid promptly and accurately. Human resources also supports business operations by developing and implementing policies and procedures that ensure that employees are treated fairly and are motivated to use their skills and talents in helping the business become a high performing organization.
In addition, operations management is not only concerned with the operations within the single organizational entity, but also of the smooth and efficient operations of the entire supply chain. This is the network of organizations involved in the production, delivery, and sale of a product. The supply chain may include suppliers, manufacturers, storage facilities, transporters, and retailers. The supply chain includes the flow of tangible goods and materials, funds, and information between the organizations in the network, all of which adds value to the product or service being offered to the customer.
Historically, operations management focused on providing the highest possible quality for the lowest possible price. Increasingly, however, customers are also demanding greater product variety, short life cycles, and other qualities that require organizations to more closely examine their operations for ways to better meet the needs of the marketplace. In addition, globalization has brought with it increased competition from overseas operations that are able to provide products or services at lower cost.
This results not only in greater competition but also in the need to put even more emphasis on optimizing the effectiveness and efficiency of operations in order to stay viable in the marketplace. However, for these methods to have any significant or lasting effect, they must be done as part of a coordinated strategy designed to improve both short and long-term organizational effectiveness.
A strategy is a plan of action to help the organization reach its goals and objectives, including organizational effectiveness and marketplace viability. A good business strategy should be based on the rigorous analysis of empirical data, including market needs and trends, competitor capabilities and offerings, and the organization's resources and abilities.
The strategic planning process helps the organization determine what goals to set and how to reach them. This process also allows the organization to determine and articulate its long-term goals and to develop a plan to use the company's resources — including materials, equipment and technology, and personnel — in reaching these goals. Because of its concern with organizational performance and effectiveness, one of the tasks of operations management is to set the strategy — including goals and objectives — of the organization.
Strategic planning is the process of determining the best way to accomplish the goals of the organization.
Operations management comprises those areas of management that are concerned with the productivity, quality, and cost in the operations function as well as strategic planning for the organization.
The mission of Journal of Operations Management (JOM) is to publish original, empirical operations management research that demonstrates both academic and practical relevance. Academic relevance means the research contributes to on-going academic discussions and debates on relevant topics in operations management.
Operations Management research paper sample. Free example research proposal on Operations Management topics. Buy custom research papers, research proposals, term papers and essays on any Management topics at Essay Lib. Free operations management papers, essays, and research papers.
Read this Business Research Paper and over 88, other research documents. Operations Management. An Introduction to Operations Management Compiled by: Yosef N School of Graduate Studies Unity University College Addis Ababa March /5(1). OPERATIONS MANAGEMENT: NON-PROFIT 2 Operations Management: Non-Profit Animal Sanctuary Introduction A non-profit organization (NPO) is a business like any other and as such requires the same forethought as a for-profit business.