Lecture notes operations strategy sloan school of management. Operations research limitations of operations research introduction. If there are three players, then there will be three di erent arrays. The elements of the array for player istore the various payo s for player iunder di erent strategy combinations of the di erent players. Chapter 9 the process of operations strategy formulation and implementation. Strategy a firms model of creating a competitive advantage strategy is about which industry to compete in corporate strategy and how to compete what. A plan specifying how an organization will allocate resources in order to support infrastructure and production. Corporate level strategy is the highest level of strategy. Operation management uniti production is the process by which raw materials and other inputs are converted into finished products. An operations strategy is typically driven by the overall business strategy of the organization, and is designed to maximize the effectiveness of production and support elements while minimizing costs. The management decisions are strategic, tactical and operational. It focuses on the development of nationallevel military strategy and how. Application of decision category approach and the capabilities approaches. Operations strategy notes 4 analogy, if operations is the engine, the organization is the vehicle, and strategy is the map and selflearning material this chapter will begin by investigating what operations strategy actually is, and how it can contribute to meeting overall business objectives.
The operations function consists of all activities that are directly related to production of a good or service. When managers do not understand technology, they tend not to invest in emerging technologies. Without the competitive edge, no economic unit can survive. Competitiveness and operations strategy unit introduction as citizens of the global village we are all increasingly conscious of the intensely competitive world we live in today. A system is an organization of interdependent components that work together to. Linking operations strategy to the corporate strategy process. School of distance education operations management page 6 3. How operations can be used for competitive advantage in todays world. The purpose is to help management determine its policy and actions scientifically. Would you bet a billion dollars on something you dont understand.
Production operation management is the process which combines and transforms various resources used in the production operation subsystem of the organization into value added productsservices in a controlled manner as per the policies of the organization. Production management refers to the application of management principles to the production function in a factory. Notes this time losses are typically caused by yield reduction the actual process yield is. It is also the management of resources, the distribution of goods and services to customers. A strategy is an administrative course of action designed to achieve success in the face of difficulties. Find materials for this course in the pages linked along the left. Strategic management lecture notes,ebook,pdf download for. Therefore, production management can be defined as the management of the conversion process. Operations strategy and competitiveness slideshare. Production function is integrated with other activities of the organisation. Explain the roles that operations can play within organizational strategy. The importance of production and operation management is the process that combines and transforms various resources used in the production operation subsystem of the organization into valueadded productsservices in a controlled manner as per the policies of the organization. Frameworks for strategy and the decision category approach. Understanding the operation s strategic objectives developing an operations strategy for the organization designing an operations strategy for the organization planning and controlling the operation improving the.
Production and operations management mgt6 vu lesson 01. Lectures notes on production and operation management vssut. Operations strategy plays a pivotal role in making business strategy work by. We explain concepts, principles and decisions of global operations strategy with case examples including global operations of ikea, hsbc, insead, global manufacturing of volkswagen, and a case. Thus, operations management is an integral part of an organization s strategy. One should note that the labor efficiency and loyalty. Operations management lecture notes, lectures 1 11 studocu. If youre looking for a free download links of operations management pdf, epub, docx and torrent then this site is not for you. Operations research can also be treated as science in the sense it describing, understanding and. There are few lecture notes with me that i will share later. Operations strategy malawi institute of management. Configurations of manufacturing strategy, business strategy, environment and structure peter t. Operations strategy is concerned with setting broad policies and plans for using the resources of a firm to best support its longtern business creation, survival and competitive strategy operations strategy involves decisions that are related to the specifications and design of the product or service, design of a production process, the infrastructure needed to support the process, locating the. It is a plan for meeting challenges posed by the activities of competitors and environmental forces.
Strategy can be considered to exist at three levels in an organization see table 2. Businesses realised the importance of operations, and that to effectively compete in a global market, they must have an operation strategy to. These cover how structural elements should be managed such as inventory management, capacity. Operations function forms the core of all businesses. Parts the components, sub assemblies, or even products. A framework for operations strategy mit opencourseware. Joint doctrine note 118 strategy 25 april 2018 unclassified.
Chapter 5 production scheduling approaches for operations management 129. Production and operations management notes for mba pdf. Hi fellas, check out this superb ebook on strategic management for mba and management students. Operations management lecture notes, lectures 1 11. Operations research management science is a scientific approach to decision making that seeks to best design and operate a system, usually under conditions requiring the allocation of scarce resources. Technology selection, development, and process development. Whereas 70 years ago it would have been possible to. Pondicherry university a central university directorate of distance education master of business administration.
Mba operations management notes 2020 free pdf download. Configurations of manufacturing strategy, business. For classroom use in higher education, this reading is accompanied by a teaching note, test bank, and exhibit slides. Me3105 production management 3 p a g e it is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. Freely browse and use ocw materials at your own pace. Fellow students, i am neither a professor, nor an assistant professor in management. A practice perspective article pdf available in business process management journal 212. Production and operations management pom pom should teach to understand manufacturing technology and its role in developing business strategy.
Strategy, military operations, and issues for congress congressional research service summary with a deteriorating security situation and no comprehensive political outcome yet in sight, most observers view the war in afghanistan as openended. Operations management learning objectives 1 define operations management and discuss the role of the operations manager in a manufacturing company. Scope this joint doctrine note jdn provides guidance to develop, implement strategy, and assess strategy. A system is an organization of interdependent components that work together to accomplish the goal of the system. Value chain dynamics and operations decisions pdf 3. Various authors in operations literature have used different terms to describe. Ict in market research and ict in market researchand ict in market research marketing notesmarketing notes why marketing strategy is necessary. Operations function exist in services like healthcare, police, traffic, transportation, consultancy, food handling, restaurants etc. Free market economies and rapid globalization highlight the. A process of ongoing improvement, north river press, 2nd rev. Lecture notes operations management sloan school of. Understand the strategic significance of operations management to organizations of all. Operation management is a way or means through which the listed objectives of an operating system is achieved.
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