Operations Management Reflection

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Reflection Paper: Chapter 1 The first topic is an overview about operations management. During the discussion I was able to understand more what is the importance of operations management in the success or failure of a business. It was said that operations management is the organization, coordination and control of the company’s resources in the production process of a product or service. Also the operations management helps in the transformation of the business inputs like raw materials and information into finished goods or service. Operations management is said to be one of the major functions in a business. At the same time it is correlated to the other functions of a business such as financing and marketing. I also learned that a…show more content…
A business strategy is a long-range plan of a business. Each member of the business must take part in the fulfillment of the business’ strategic plan. But in making a business strategy it must take into consideration its objectives, mission and capabilities. Also they should try to have an environmental scanning for new trends, opportunities and threats for their business. It was that its strategy is used to guide them in using their resources efficiently and effectively. Also this strategy is used as a guide in improving the operational strategy of the business. The operational strategy of the business is applied in recognizing the competitive priorities of the business. These competitive priorities are cost, quality, time and flexibility. In relation to cost it must be cheap or as much as possible low. While in quality, the durability and long time use of products is considered. In time, it focuses on the speed and promptness of delivery. And lastly, flexibility, it entails that it must have a variety of choices for its…show more content…
We tried to understand its role and impact in the operation of a business. Product design is the process of deciding on the characteristics and features of the company’s product. At the same time it classifies the company’s image, status, competitiveness and its buyers. It’s like product design sets the standards of the business capacity to sell its product. Product design is said to be a bit procedural because before you came up with it you must consider some steps. These steps are idea generation, product screening, preliminary design and testing, and lastly final design. In the product screening, breakeven analysis is a useful tool. The breakeven analysis balances the number of goods to be produced to its costs. Now let’s go to process selection, in here I learned that it’s divided into two categories: intermittent and repetitive. The intermittent operations are used in products with different characteristics while the repetitive operations are used in the production of similar products. These processes have their own advantage ad disadvantage depending upon the type of product it
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