Business Management Essay Example | Topics and Well Written Essays - 4000 words

Business Management - Essay Example The present discourse is an in-depth evaluation of operations management from a strategic operations management perspective. Hence, establishing a link between operations strategy and corporate strategy will help in analyzing how and what competitive priorities are chosen by organisations. Further, key management functions such as planning, controlling, coordinating, and leadership are applied to operations management. These aspects of operations management are studied taking the example of the Toyota Production System. Operations refer to all the activities performed by an organisation in order to produce products or services. Management of these activities directly related to the production of goods and services is termed as operations management. For example, activities related to banking, transportation, shipping, and manufacturing of goods or products such as automobiles, food items, textiles etc all constitute operations management (Chase Jacobs & Aquilano, 2005). ... roduction, planning and designing production processes of goods and services, and also effective integration of marketing, finance, human resources management and strategy which facilitate the business to enter the market and also compete with both new and existing organisations in the market. In other words, operations management helps the firm to establish itself and also provide operational capabilities that promote its success and sustainability. Operations management involves complex processes that are interdependent; the core processes involve capacity planning, supply management, inventory management, quality and efficiency, technology and systems and human resources management. Theoretical aspects of operations management in manufacturing and service industries constitute a combination of three distinct functions, strategic functions, tactical functions and operational planning and control functions (Chase et al, 2005). The main management functions such as planning, organisi ng, controlling and leadership are applicable to operations management. Main operational processes in operations management include planning, production, purchasing or inventory management, supply chain management, distribution and marketing. All operations functions are strategically aligned to its larger or strategic business goals. Thus, operations functions are designed based on strategic decisions that match the organisational strategies (Heizer & Render, 2008). These strategic decisions are referred to as operations strategies. These strategic decisions define the conditions in which operations will be carried out in short and long terms. Operations strategies are the total pattern of decisions which shape the long-term capabilities of an operation and their contribution to overall