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Lecture 01 Operations Management: Basics
Operations Management
The target of our team is that all engineers and managers have an idea
about various tools and techniques that can be adopted for managing the
operation
...
I think I have tried to highlight in this brief
discussion In the beginning of the course only
...
in operations management
...
Most of the topics are interrelated to each
other
...
so, the input is
converted into the output
...
We know how much we must produce
...
we
have to see that we have planned that we will be producing 500 cars
...
then, there is requirements
...
Each of the topics are not
stand-alone topics, they are interrelated
...
so, if we have a solution to one important topic or
one important problem, it will help us to solve many other problems in the
downstream
...
different types of aspects
are related in operations management
...
The focus will be on design
and managing of all these four important aspects starting from products to
the final supply chain
...
The overall target of
operations management is to be competitive and in order to satisfy or I must
say be competitive by ensuring the satisfaction of our customers
...
operations management is an integrative
body of knowledge, whose skills are needed in industries as diverse as health
care, education,,, telecommunication,, hospitality,, food,, service,, banking
and consulting
...
So, Operations management is one of the three

major functions of operations management
...


Operations management will help us to understand what operations manager
need to do in order to ensure a good quality product in right quantity at right
time and in competitive cost
...
so, if you
scientifically logically manage your operations, you will be able to success
...
at the end of the
course, it is expected that all learners must be able to understand or grasp
the basic tools and techniques that can be used for efficient and effective
management of operations
...
Management
...
management means
that we have to optimally utilise the resources to achieve our overall
objective
...
processes or operations must be
effective
...
the title of today s session is operations
management and the objectives of operations management
...
We need to
manage the materials
...
How much we should buy and
how much we can order
...
so, opens up a
completely new domain of inventory and materials management
...


We will try to understand the concepts of value engineering and value
engineering
...
so, over all we will
...
aspects of

transforming raw materials
...
final product and how to plan
...
operations Management deals
with 3 important words planning, coordinating, controlling and controlling
...
to judiciously
...
so that our desired output is produced in the most cost
effective manner and that overall you can say managing or planning of those
operations
...

control will help us to exercise check on what is actually happening
...
actually happening
...
, but if we
have planned something
...
May be next week
...
so, we have to see that how to
speed up how to manage
...
It is not only related to manufacturing industry, but can also be
used by the service sector or the hospitality industry
...
customers can
actively participate in transformation process
...
the way a firm acquires the inputs and then
converts and disposes the output
...
We will cover that when we will come to our session on
sales forecasting
...
you start you enter the organisation and then
you climb up the ladder and finally become a CeO of a company
...
You
may be in any of the 3 verticals
...


planning activities done in any organisation
...
This is the historical
development
...

industrial revolution was there in late 70s
...
Supply chain management is also one of the latest trends of

how the companies manage their operations
...
in every
week we have to cover 5 sessions of half an hour each and 2 and
a half hours of discussion in a week
...
that is what type of
decisions we must make when we are managing our operations
...
at every stage
...
we have to always remember quality,
quantity, time and the cost
...
Most effectively and efficiently
...
The main objective of the overall business strategy
is to make profit to be successful and to be financially stable
...
the marketing strategy will define the marketing
plans to support the business strategy
...
This business strategy has to be supported by the
various functions of an organization
...
Similarly,, operations have
to work overtime in order to achieve the target set
...
The
products have never failed, have never ditched the customers
...
then

depending upon the prevailing conditions understanding the
market
...
When the 3 things will meet
together
...

business can be formulated
...
corporate strategy is the top level strategic
thinking or the think tank of the organization
...
then corporate strategy will be focusing on the environment
Also
...
we have to focus on the
corporates strategy and the production product plans
...
product plans have to take into account what type of
market is the product line that we are focusing on
...
product plans must be made that what should be our focus
than we have a product plan and for this we have included 1week
discussion on product design and development
...
Then maturity and
decline
...
The time between maturity and the exit
of the product or the time between introduction to decline is
important
...


From competition point of view, the company has to focus or
focus it is operations strategy on ; the quality of the product, the
price of product that time
...
These are the 3 important
objectives
...

Because we have to deliver quality, quantity, time and cost and
finally, the positioning and operations strategy
...
and the gears should be may be in the hands only
...
When the volume is less you will go
for job shop type of production system
...


Operations Management - IITR
The main objective of the course on operations management is to ensure
quality, to ensure quantity and to ensure timely delivery of the product
...
He is
spending or she is spending ; then only he will try or he will love to buy that
product
...
it may so happen that we are using our resources
most efficiently and effectively, but the cost of our product is very high
...
so, we will see today that what are the functions and where are the
focus area or what is the scope of operations of the operations management
team
...
5P s where of operations team must
focus in order to meet the objective
...
In this course is the
operations
...
activities of operations Department
convert the available capital into physical resources, convert the physical
resources into saleable goods and services
...
the course is designed in context of

operations and their management
...
so, these 4 things I think all of us must remember as learners of
this course that 4 keywords are very very important and these keywords are
quality, quantity, time and cost q q t c
...
One of the major
functions of operations management is to forecast the demand then
arranging for the procurement of required factors of productions
...
we have to ensure
that we have to check the quality
...
is to ensure the right quality of
...
in operations management
...
we have to ensure the assembly line of rates with that speed that we
are able to produce one car per minute or per 10 minutes that depends on
the efficiency
...


the overall system we have to maintain effectively and efficiently
...
Similarly, in hydropower
also, maybe we are using water as the input we are stopping the water
making a dam and then using that water to produce the electricity
...
Personal
...
we have to exercise the
production control also that how much we are meeting or how close we are 2
hours planed progress
...
This is the we can say targets or the shorter distance targets
...
operations management is the overall management
of the complete operation system where wherein we have so many diverse
areas of focus, and then if we are able to manage all these areas
...
Starting
from the demand, then the forecasting, then the planning and the planning
...


Operations management framework can be divided into 5P s which are
product plant, process, planning, facilities and program
...
so, that the person is able to perform his
task in the most effective and efficient manner without getting too much of
fatigue and boredom
...


Lecture 04 Types of Production Systems

Operations Management
The operations management framework is divided into 5p s
...
in summary
...
the course includes
product design and development, plant layout and facility location planning
...
so, first and foremost is the product
...
If you have studied the analysis or the
financial analysis, you will see
...

there will be direct cost
...


Plant layout must allow smooth movement of men and materials
...

type of layout depend is dependent on production type, volume of demand,
etcetera
...
we have to see that which
transformation process will be most effective and efficient
...
then the most important part
that is the people
...

capacity, manpower skills, type of production system and layout of a plan
...
Maintenance of the operations manufacturing cost
...
The concept of ergonomic design of work places is very important
...
we must consider the aspect of ergonomics that the product is so
designed that it is easy for an operator or a customer to use that product
...


There are 2 types of production systems
...
production system
...
in case of intermittent production, the
product design is changing
...
or we require people who
can adapt to this type of changes
...
whereas on
the other side
...
intermittent and type of
production systems broadly classified into 2 types of production system
...
subclassifications are there for intermittent type
...
and continuous side
...
production flows
...
productbased
manufacturing or a specific jobbased production system
...
volume of production is small
...

sequence of operation changes as per design, and production depends upon
the customer
...
goods are not
produced on customer order
...
the inputs and outputs are standardized along with the production
process and sequence
...
The schedules
are also produced automatically and we are able to meet our schedules
...
; that is
intermittent type and the continuous type
...
The
overall objective of operations management will remain same to ensure the
quantity quality in specified time at reasonable course
...
in every week we have to cover 5

sessions of half an hour each and 2 and a half hours of discussion in a week
...
that is what
type of decisions we must make when we are managing our operations
...
at every stage
...
we have to always
remember quality, quantity, time and the cost
...
Most effectively and efficiently
...
The
main objective of the overall business strategy is to make profit to be
successful and to be financially stable
...
the marketing
strategy will define the marketing plans to support the business strategy
...
This business strategy has to be supported by the various functions
of an organization
...

Similarly,, operations have to work overtime in order to achieve the target
set
...
The
products have never failed, have never ditched the customers
...
then depending upon the
prevailing conditions understanding the market
...
When the 3
things will meet together
...

business can be formulated
...

corporate strategy is the top level strategic thinking or the think tank of the
organization
...
then corporate strategy will be focusing on the
environment Also
...
we have to focus on the corporates strategy and
the production product plans
...
product plans have to take into account what
type of market is the product line that we are focusing on
...
product plans
must be made that what should be our focus than we have a product plan
and for this we have included 1week discussion on product design and
development
...
Then maturity and decline
...
The
time between maturity and the exit of the product or the time between
introduction to decline is important
...


From competition point of view, the company has to focus or focus it is
operations strategy on ; the quality of the product, the price of product that
time
...
These are the 3 important objectives
...
Because we have to deliver quality, quantity, time and cost
and finally, the positioning and operations strategy
...
and the gears
should be may be in the hands only
...
When the
volume is less you will go for job shop type of production system
...




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