Discuss of the Significance and Recent Trends in Operations Management

Operations prudence is an atomic number 18a of crease forethoughted with the production of goods and service, and involves the responsibility of ensuring that caper trading trading operations are efficient in terms of using as brusk resource as filmed, and effective in terms of meeting guest requirements. It is concerned with managing the process that converts inputs (in the forms of materials, labor and energy) into makes (in the form of goods and services).Significance and recent trends in operations circumspectionOperations traditionally refers to the production of goods and services separately,although the distinction between these two of import types of operations is increasingly difficult to make as manufacturers tend to combine product and service tourings. More generally, Operations Management aims to increase the means of value-added activities in any given process.Fundamentally, these value-adding creative activities should be aligned with market place oppo rtunity (see Marketing) for optimal enterprise performance to be able get professional managers capable of fulfilling strategic roles in spite of appearance business and government enterprises the penury for the practice of operations counsel cannot be forg unrivaled. Operations management is very important in business operations since it forms the heart of the organisation by controlling the system of operation. Operations management deals with the design, operation, and improvement of the systems that create and hawk a firms primary products and services.Like marketing and finance, operations management is a functional field of business with clear management responsibilities. Guinness gold coast limited is a company in which produces alcoholic and nonalcoholic beverages such as Guinness and Malta Guinness respectively.The effect of the global economic crisis has been profound on the UK business sector. As a result, a new generation of entrepreneurs and business owners look s driven to emerge and many individuals who found themselves leaving college within the last tenner will soon be seen to embark on careers which demand a significant degree of managerial skill.Subsequently, operations management has developed as a specialist subject of study on many management courses but how does it differ fromother more(prenominal) well-known aspects of business such as sales management and project management? And what is its importance to business now?In the simplest terms, operations management is different because its primary concern is commonly the efficiency of the production or delivery of goods or services within a company. Consequently, an operations manager will typically need to manage the amount of resources for example, materials or labor needed for the desired output.In more depth, those eager to study operations management on any one of many management courses in the UK and US will quickly try of the diversity of, and complexities within, t he field.The focus on such modules will usually breedfacilities including the planning and management of their location, analyses of production methods in order to ensure output is achieved with as little resource as possible, as well as issues with quality control and the risk of error.The importance of operations management today is therefore quite easy to see,even if not necessarily in speech to the subject as an entire job description, but instead referring to the skills utilizable to anyone in a managerial position.Indeed, with the growth of smaller companies especially within the digital and media sectors -the latter is more significant.Increasingly, the trend among 21st Century industries is to offer both product sand services, such as specialist programmes and tools on board consultancy, in an effort for businesses to differentiate themselves and to offer more to prospective clients. Those with operations management skills will therefore be more prepared for differenti ation between planning, control and delivery of either products or services.Recent Trends In operations managementGlobal Competition Operations Strategy Flexibility Cycle Time reducing Business Process Re-engineering Supply Chain Management Workers Involvement TQM number ManufacturingRe-engineering etc. Organizations must improve their products as well as productivity to retain their market share. The long-term success of an organisation requires investments in applied science because new technologies can improve efficiency and productivity. In this chapter, we discussed how organizations can arrive at from automation. Some of the recent technological developments in the field of operations management, which embroil calculator-aided design (CAD), direct and indirect computer-aided manufacturing (CAM), limber manufacturing system (FMS), and computer interconnected manufacturing (CIM) were discussed in the chapter.Computer Aided Design (CAD) is used for designing products an d processes on a computer terminal. Computer systems assist in the creation, modification, analysis and optimization of a design. In Computer Aided Manufacturing (CAM), computers are used either at once to control the processing equipment, or indirectly to support manufacturing operations. Automated machines usually perform a variety of operations, depending on the instructions received from the computer with respect to the sequence and operational specifications of a process.FMS is a form of flexible automation in which several machine tools are linked to the materials-handling system. A centralcomputer controls all aspects of the system. CIM refers to a computer application that connects confused computerized systems into a single multi-functional system. Another development in the field of technology is artificial intelligence (AI). AI enables computers to exhibit some of the characteristics of human intelligence, the likes of the capacity for learning, understanding language,r easoning and problem solving.EDI is a system, wherein standardized forms of electronic documents are transferred between two computer systems. Customers and suppliers or departments within the same organization can share and transmit information electronically in factual time using EDI