What is Operations Management?
Businesses must have an operations management system in place to ensure the
efficient use of resources, and to ensure the proper supervision and control of goods,
services, and personnel. It oversees the manufacturing and production processes to
achieve reasonable rates of profit and adequate levels of customer satisfaction when all
these coincide.
Operations management primarily helps the administration of business in –
● Achieving the set objectives
● Increase productivity
● Optimise profitability
Functions of Operations Management
Forecasting
Forecasting is essential as it assesses the controllable and uncontrollable factors
involved, helps plan operations and production to meet customer demand, minimizes
waste, etc.
Capacity Planning
It involves assessing the facility’s current capacity, forecasting future needs, identifying
and analysing possible resources to fulfil those needs, evaluating alternative resources,
and selecting the best among them for a timely delivery.
Location Facility
Choosing the right location facility for the plant is essential to ensure maximum
operating efficiency. Factors to consider include easy and regular availability & supply of
raw materials, labour, resources such as power availability, transportation facilities,
legal compliance, etc.
Layout
The design of a factory should consider the placement of machines, utilities, and other
necessary components with the intent of creating a secure workspace and promoting
cost-effective and efficient operation in the long term.
Integration of Activities
Successfully executing the operations include effective workflow between various
departments such as production, sales, accounting, engineering, etc. It ensures the
uninterrupted functioning of an organisation through consistent communication &
coordination.
Importance & Benefits of Operations Management
For a production or manufacturing company to be successful, Operations management
is the core of an organisation. Benefits of Operations Management include –
● Running the daily operations smoothly
● Overseeing all processes and deals & prepare for unexpected circumstances
● Support an organization's reputation
● Matching and satisfying the quality standards of customers
● Reducing operational costs
● Increasing employee productivity
As an Operations Manager to get to interact with professionals in various industries like
engineering, marketing, research, etc. From developing strategies to managing projects,
from planning resources to monitoring performance, an efficient Operations Manager
does it all. But, how do you learn and adapt these professional skills?
PGDM Operations Management Courses
With the right expertise and training, you too can become a skilled operations manager.
Pursuing a Postgraduate Diploma in Operations Management enables you to elevate
your skills and kick-start your exceptional career.
Leading educational institutions like MIT School of Distance Education offers top PGDM
Operations Management courses with a notable team of Academic and industrial
experts who have designed the curriculum considering the current state of the global
industry.
MITSDEs PGDM Operations course is designed to educate qualified individuals to
provide outstanding service efficiently and cost-effectively. The learning outcomes
include –
● Operations Management basics, scope, and important concepts
● Elements of Product Lifecycle Management (PLM)
● Operational research and its application
● Global operational excellence routines
● Basics of Six Sigma Quality Management
Job Opportunities in Operations Management
MITSDE is an educational institution that specializes in offering distance learning
courses and is committed to helping its students secure employment. With top PGDM
operations courses from MITSDE, you will get interesting job opportunities such as –
● Purchasing Manager
● Plant Manager
● Service Operations Director
● Supply Chain Manager
● Quality Control Officer
● Warehouse Manager
MIT School of Distance Education uses a combination of traditional and modern
teaching methods, including online lectures, video tutorials, e-books, and interactive
sessions, to provide students with a comprehensive and engaging learning experience.
The institute also provides extensive support to students, including dedicated mentors,
online forums, and study material.
Overall, MITSDE is a reputable and well-regarded institution for distance education in
India, with a strong focus on providing quality education and support to its students.
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