Understanding the 10 Principles of Operations Management for Your Assignment
- Lily Taylor
- 7 minutes ago
- 4 min read
Imagine a company that maximises all of its resources while minimising expenses to generate the best possible results. That sounds like a dream, right? But it also sounds like what operations management can accomplish. In the field of service management, striking a balance between consumer expectations, consumer satisfaction, service quality, productivity, and continual development is one of the most difficult tasks.
Every firm must deal with limitations and difficulties to satisfy the needs of its clients. There are ways to still achieve your company objectives and get the results you want, though. All you have to do is gain a better comprehension of the fundamental concepts of operations management.
In this blog, we have covered all 10 principles of operations management so you can get the idea of it and learn at your own pace. We also recommend getting some academic help from professionals and clearing your concepts with expert supervision. But first, let's dive into it and understand the principles, and we start with the basic definition of operations management.
What Is Operations Management?
Operations management is the administration of business theories and processes that produce products and render services. In the context of manufacturing, this encompasses all procedures that convert raw materials into final products.
A manufacturing operation will be more profitable and more efficient, and all thanks to operation management procedures, including organising, planning and supervising. Matching supply and demand through efficient use of labour, materials, equipment and resources is the overarching objective of operations management.
When operations management is put into practice, significant changes are made to assist the business in achieving its strategic objectives. Understanding the key concepts of operations management helps achieve these objectives.
Randall Schaeffer, a seasoned manufacturing and operations management expert, first introduced the following ideas at an APICS conference. The top supply chain and operations management association in the US is called APICS.
Why Is Operations Management Necessary?
Operations management is crucial for both large and small enterprises. Operations management makes it possible for
A higher profit
Higher production
An edge over competitors
Improved client support
Advances in technology
Higher calibre goods or services
10 Operations Management Principles
Randall Schaeffer, an operations specialist, lists the following ten key tenets of operations management:
Reality
There is never a universal solution since operations management is so business-specific, yet tools, trends, and strategies function in a broad sense; therefore, operations managers must remain focused on the current problem.
Organisation
Similar to how human biological systems cooperate to sustain an individual, business processes are interrelated. This implies that to maintain movement, they need an organisation.
Fundamentals
The Pareto Rule of Efficiency, also known as the 80/20 rule, applies to operations management since it states that 80% of processes should be kept the same while 20% should be given to new methods, instruments, and procedures.
Accountability
Operations managers can make sure that everything goes well by communicating procedures, delegating tasks, and measuring metrics to make sure that employees are performing their assigned tasks.
Variance
Encourage minor process adjustments if and when they take place, as this kind of innovative thinking might provide better outcomes.
Causality
Instead of ignoring problems and resolving their effects, identify their cause. Everything has a cause, and issues will persist until their underlying causes are fixed.
Managed Passion
Employee happiness is the key to a company's development and success. Managers are essential in improving staff attitudes and company morale.
Humility
Because mistakes are expensive, an operations manager must know when to seek assistance.
Success
While success indicators are constantly evolving, customer happiness is a reliable indicator of success. Keeping this a top priority for the company will help other objectives align.
Change
Change is unavoidable, and it usually happens for the better because of modern technology. Be adaptable and explain why gaining support from important stakeholders is essential.
Benefits of Effective Operations Management
When implemented by the ten operations management principles, the manufacturing organisation reaps numerous benefits from the functions of operations management, such as:
Improved Quality of Goods and Services
The quality of goods and services created following a rigorous process is guaranteed to be greater.
A higher level of customer satisfaction
Processes like careful planning, strict quality controls, and appropriate staff placement are all part of operations management, and they all lead to goods and services that satisfy consumers.
Higher Income
Businesses that provide high-quality goods and services that satisfy consumers are certain to grow their clientele and earnings.
Assures Adherence
Serious issues, including costly lawsuits, may arise from noncompliance. Operations managers have the necessary protections to stay out of trouble with the law thanks to efficient management tools and process controls.
Wrapping It Up
As an operations manager in the field service management sector, you are aware that this position has its own unique set of difficulties. You need a basic concept to begin constructing your action plan to successfully traverse these waters.
Your staff will be more productive if you follow these ten guidelines, which will also help you become a better manager. Also, if you are a student pursuing a management degree, then you can take management assignment help from experts and learn every management concept with professional guidance. So, get the guidance and learn to excel in your management career.
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