Operations management is a business subject that deals with ensuring products are obtained in the most efficient, cost-effective manner while meeting customer standards. There are a number of possible career paths for operations management M.B.A graduates in management quota admission in MBA operations. As such, it is delivery-focused, ensuring that an organization successfully turns inputs to outputs in an efficient manner.
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What does operations management involve?
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Operations management is chiefly concerned with planning, organizing and supervising in the contexts of production, manufacturing or the provision of services. The inputs themselves could represent anything from materials, equipment and technology to human resources such as staff or workers. Get Management Quota Admission in MBA Operations in top colleges
Examples of the types of duties or specialist positions this encompasses are procurement (acquiring goods or services from external sources), managing relations with those involved in processes, and improving a company’s sustainability with regard to its use of resources. Get Management Quota Admission in MBA Operations in top colleges
Two key terms for operations management:
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There are two big terms that can help answer the question of what is operations management more precisely: supply chain management and logistics. Operations management has firm foundations in both areas. For example, understanding global trends in supply chain management in order to meet client demand is often critical. With logistics, the careful and considered use of resources, as well as cost-effectiveness, has become increasingly important in an era in which resources can often be in short supply and customer expectations have skyrocketed. Get Management Quota Admission in MBA Operations in top colleges
Skills required of an operations manager:
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There are strong parallels between the skills required for effective operations management and those needed in both logistics and supply chain management. Consummate organizational ability is crucial in successfully enhancing efficiency and driving productivity as an operations manager. Get Management Quota Admission in MBA Operations in top colleges
One must be able to understand the series of processes within a company in order to get them to flow seamlessly, and in this sense the role is directly related to supply chain management. Meanwhile, the coordination involved in setting up these processes in practice represents logistics; the combination of understanding and coordinating the work of a company are therefore central to being a successful operations manager. Get Management Quota Admission in MBA Operations in top colleges
Contextualizing the role of the operations manager:
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The operations manager is able to transcend industries and because of this, exact functions can vary based on the type of company you work for. At the base level, the two main streams an operations manager might belong to can be reduced to companies with a concentration on manufacturing and production, or those that provide services.
Operations management roles within say, a pharmaceutical company fall under the category of production. Get Management Quota Admission in MBA Operations in top colleges
Planning and coordinating the use of resources to ensure products are designed, created and dispatched to hospitals, chemists and so on, ensure not only that these products are prepared, but also that they are available to customers. Get Management Quota Admission in MBA Operations in top colleges
Meanwhile, an airline company will often see the operations manager focus on services – transporting passengers and/or cargo from one place to another. Get Management Quota Admission in MBA Operations in top colleges
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In addition, it is likely that a manufacturing focus on the delivery of a tangible product will involve less direct contact with customers than a services role.
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- Further concentrations
- Supply chain management
Supply chain management is a key discipline within operations management and, indeed, is integral to many an operations manager’s role. An important part of supply chain management is efficiency – ensuring a company’s resources, be they monetary or human, are not used needlessly. In this, data analysis, and its ability to help anticipate supply and demand, has become crucial. Get Management Quota Admission in MBA Operations in top colleges
Logistics
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Business challenges in logistics will often concern themselves with timing factors pertaining to a particular supply chain. However, questions of cost effectiveness, data analysis and decision making will all be critical considerations in being able to anticipate and respond to fluctuations in demand, or in the availability of materials on which a company’s fortunes depend. Get Management Quota Admission in MBA Operations in top colleges
Operations manager jobs often necessitate that a person streamlines all sorts of processes from workflow, to product development, to operations across all the sectors of a company. Get Management Quota Admission in MBA Operations in top colleges
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M.B.A Operations Management: Career Prospects:
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Operations Management is one of the lesser popular branches of M.B.A making it one of the less selected branches of M.B.A. Lack of information and the hype associated with Marketing, Finance or HRM has kept student veering away from Operations Management. However, in recent years individuals and organizations alike have realized the value of effective planning and efficient management. The fallout Apple had in China recently has only highlighted how important it is to have an efficient Operations Management system within an organization.
M.B.A in Operations Management opens door to job opportunities in various sectors like:
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- Construction
- Consulting Firms
- Financial Institutions
- Hospitality
- Information Technology
- Manufacturing & Retail
- Inventory
- E-Commerce
- Warehousing etc.
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Apart from these some of the roles associated with Operations Management are:
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- Operations Manager
- General Operations Manager
- Area Operations Manager
- Plant Manager
- Process Managers
- Supply Chain Program Manager
M.B.A Operations Management: Top Recruiters:
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Organizations, over time, have realized the benefit of having an expert Operations Manager on board. Some of the top recruiters for M.B.A in Operations Management are:
- Ernst & Young
- JP Morgan Chase
- Amazon India
- Accenture
- Adecco
- L&T
- KPMG
- Novartis
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What does a course in Operations Management teach?
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The post graduate diploma in Operations Management can be a regular full-time course or a distance education course and the duration can vary. The curriculum is generally covered across four semesters and involves project work, assessments and internships too.
The competitive scenario in business nowadays has put an increased stress on effective planning and management, which can enable an organization to be at par with its competitors and increase its overall profitability and customer base. Get Management Quota Admission in MBA Operations in top colleges
Operations Management (OM) is a specialized field that facilitates the process of delivering value to the end customer by improving productivity, quality, cost, and turnaround time. It includes inventory management, vendor management, purchase management and enterprise resource planning (ERP), all of which facilitates the seamless running of a company’s supply chain. Get Management Quota Admission in MBA Operations in top colleges
An M.B.A in Operations Management teaches students to effectively manage the processes behind the successful production and distribution of a product in an organization. Students are taught to oversee the entire gamut of the supply chain, starting from product creation and development to production and distribution to sales outlets.
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The post graduate diploma in Operations Management can be a regular full-time course or a distance education course and the duration can vary. The curriculum is generally covered across four semesters and involves project work, assessments and internships too.
The main topics covered in the course may include some or all of the following:
- Operations Research
- Business Statistics
- Materials Management
- Project Management
- Enterprise Resource Planning
- Financial Accounting and Management
- Supply Chain Management
- International Logistics
- Technology and Innovation Management
- Project Management
- Information Technology & Systems Management
- Marketing Management
- Human Resource Management
In the third semester, students usually have the option to select their minor subjects apart from the core subjects of their specialization. The choices from which students can select their minor subjects include supply chain management, IT and systems management, finance management, marketing management, human resource management, or project management. Get Management Quota Admission in MBA Operations in top colleges
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