StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Perspectives on Operation Management - Essay Example

Cite this document
Summary
Perspectives on Operation Management Introduction Operation management simply refers to the management area connected with planning and developing business operations for effective production and distribution of goods or services. This process mainly assists the management to ensure cost effective utilisation of resources and meeting customer requirements…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Perspectives on Operation Management
Read Text Preview

Extract of sample "Perspectives on Operation Management"

Download file to see previous pages

This paper intends to advise the independent retail outlets situated in Hartwell in Essex on some potential operations strategies in response to the recent opening of Asda/Walmart on the edge of town. Operations strategies While planning operations strategy redesign in response to the recent opening of Asda, the retail outlets must consider the position of the Asda in the UK market and its strengths. Statistical data indicate that Asda is the second largest chain in the UK in terms of market share (BBC News, 2011).

The company’s UK grocery market share was 16.5% in 2010. Furthermore, it must be noted that Asda is the subsidiary of retail market giant Walmart, the largest retailer in the world. Low price offer is one of the major core competencies of the Walmart that assisted the corporation to grow up to the top of the world’s retail market. In addition, the company has good reputation across the UK market. Low inventory levels and short flow times are the major operations strategies of Walmart. This assists the corporation to maintain adequate levels of inventory all times and thereby keep more working capital with the firm.

Hence, the operations strategies developed by the retail outlets must be comprehensive enough to confront with the Asda’s powerful marketing policies. . Thirdly, each retail outlet has to clearly identify order winners and order qualifiers. More precisely, they have to recognise which elements are necessary to win an order and what makes an item attractive to customers. Finally, each retailer must evaluate its position in the Hartwell retail market. It is advisable for the retail outlets in Hartwell to adapt to the internet based operations strategies because Walmart is still at its early stages of researching internet opportunities.

Internet can be effectively employed to strengthen the existing core competencies and by integrating recently developed and traditional supply chain activities. Market analysis reports show that retail firms nowadays raise major portion of their revenues from online sales. The Web based operations strategies aid retailers to significantly reduce operational costs and increase their efficiency in order processing, product delivery, and customer service. However, the retailers must be more innovative while deploying web based operations strategies since customers may be pulled towards the companies that present product displays more attractively to site visitors.

It is also recommendable for the retail outlets to develop customised operations strategies as such a policy would better fit the needs and requirement of these retailers. Customised operations strategies may assist retailers to effectively meet the changing tastes and specifications of customers on time (Lowson, 2003). ‘Make to order and assemble to order’ would be the most recommendable production related operations strategies for the retail outlets. In the words of Dickersbach (2005, p. 27), under the make to order strategy, retailers can add customer specifications to a particular product after

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Perspectives on Operation Management Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Perspectives on Operation Management Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1442557-perspectives-on-operation-management
(Perspectives on Operation Management Essay Example | Topics and Well Written Essays - 1000 Words)
Perspectives on Operation Management Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1442557-perspectives-on-operation-management.
“Perspectives on Operation Management Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1442557-perspectives-on-operation-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Perspectives on Operation Management

Perspectives on Operations Management

perspectives on Operations Management Date: perspectives on operations management Outline: Introduction of Operations Strategy Operation Strategy for new Wal-Mart Store Key Factor of Operations Strategy Implied Performance Objectives Justifications and Recommendation perspectives on Operations Management Operations management strategy is simply a tool which can help the organizations to carry out their business in efficient manner.... management should set the prices that provide the good value for their products....
5 Pages (1250 words) Essay

Management - Operations Decision

) factors of this company include an analysis of both internal and external environmental factors that affect the overall functioning of the company, as experienced below: Internal Factors: · Organization of equipment and machinery · Capacity of the technological · Culture of the organization · management systems · Worker morale · Financial management External Factors Competition Behavior of the customer Economy Political interference and movement Social atmosphere Technological alterations General environmental alterations All these factors have great impact on plant operations and the management's decision to continue or discontinue their operations....
4 Pages (1000 words) Assignment

Operation Management: Literature Review/Critique

operation management ensures that business operations are carried out in an efficient manner by utilizing the scarce resources available in an effective way in order to meet the demanding needs of customers.... … operation management is a managerial process that deals with creation or designing of products and services, as well as, deals with processes and supply chain aspects.... This management process takes into considerations the development, acquisition and resource utilization that a company need in delivering products and services to their customers effectively....
6 Pages (1500 words) Essay

Operations Management Definition

This company ensures effective application of standardization in its operation management roles to include levels of commonality, reference, interchange ability, and compatibility.... Operations management Name: Course Tutor: Department: Date: a) Standardization The term standardization refers to a defined framework entailing agreements to which prioritized parties within an organization have to adhere to with the view of ensuring consistency in all the processes that are associated with the creation of good service deliveries....
4 Pages (1000 words) Assignment

Operation Management in the Context of a Bank Call Centre

hellip; This is the reason this country has turned the subject of operation management into a dynamic science.... The attempt summarizes an analysis of a unique operation management record of call center operations.... The intent of this paper is to clearly convey the actual situation of operational management in the field of Banking Call centers.... Note that the division here does not parallel a frequently-used one of dividing operations management research between so-called 'theoretical' a misnomer, since all these paradigms can be theoretical and 'empirical' methods....
8 Pages (2000 words) Essay

Perspectives on operations management

This article will explore the subject of perspectives on operations management under such divisions: the introduction of operations strategy; operation strategy for new Wal-Mart store; a key factor of operations strategy; implied performance objectives; justifications and recommendation.... hellip; The conclusion from this study states that it is recommended to the management of new Wal-Mart store that they should use mixed approach to carry out day to day operations....
5 Pages (1250 words) Essay

The Operation Management System of BP Plc Company

operation management serves the role of ensuring that the business operations are running efficiently and in a sustainable manner.... The efficiency entails… This is the reason why organizations require having a feasible and implementable operation management system.... The operation management system (OMS) plays a very critical role in It facilitates the setting of priorities, ensures that operations are maintained, assesses performance, involves the people, and ensures that the organization forecasts on the future (Sanyal 2012)....
12 Pages (3000 words) Research Paper

Different Perspectives on Qualily Management

Quality has recently gained considerable attention as a management strategy that can help managers achieve their business goals.... Quality is a significant interdisciplinary at various functional areas of managerial and organizational tasks like Supply Chain, Human Resource management, Engineering, operational and strategic management levels and so on.... Different perspectives of quality are detailed below:Supply chain management has recently grown to be an integral part of management mainly due to the cost saving and quality opportunities....
7 Pages (1750 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us