What is operations management?
Operations are generally used as an inclusive term to refer to the corporate area responsible for actually producing goods and services. This integrates all the activities required to create and deliver a product or service, from selecting suppliers and/or raw materials to supply chain management and distribution. This branch deals with the optimum utilization of resources for delivering quality product or services.
Making optimum utilization of Men, Machine, Method, Measurement system, Material and Mother Nature for delivering the best quality of product and services is the challenge in front of business professionals in operations. Overall Equipment Efficiency (OEE) is the familiar term used to make effective and efficient use of men and machine for an economic business result. This is taken care in studying this specialization; it also includes an overview of supply chain management which is an integral part of Operations management.
Operations management deals with planning, organizing, supervising and controlling the context of manufacturing of product or services. Operations manager has to deal with supply chain and logistics section as well, though in large Organizations there are separate experts available.
The MBA program in operations management empowers you with the knowledge of Strategic management, Innovations Management, New Product Development, Process Modelling, Forecasting, Planning, Monitoring and Control, Risk Management, and an overview of Supply Chain Management. You get to know the ways of assessing productivity, analyzing operations, and maximising business profits for delivering best services as well.
As per S.P. Pune University students will have following Core subjects – Basically Planning & Control of Operations , inventory management, Operations strategy and research and Total Quality Management; and a series of elective subjects like - Productivity management, Maintenance management , Facilities Planning , Manufacturing Resource Planning, Technology Management , Six Sigma , Designing Operations Systems, Toyota Production System, Project management, Theory of Constraints , Quality Management Standards, World Class Manufacturing, Business Process Reengineering, Enterprise Resource Planning, Financial Perspectives in Operations Management, Service Operations Management, Business Process Management are the core subjects in Operations management, Challenges and opportunities in Operations Management and lean manufacturing.
Today people are using new tools and techniques for bringing excellence in operations, this increasing competitive advantage is setting the best practices in operations management. Students have a wide scope of their career in operations management.
Today lot of students have opted this specialization and they are successful in doing business as well as jobs at a higher position in operations management.
Job opportunity for MBA-Operations
Operation professionals can work in following job position depending on the size and branches of the industry –
Operation Shift Supervisor
Operation Manager are some of the name given in different Organizations.
This includes an area from Supplier quantity and Quality audit to Delivering product or services required to a customer. With the changing era of supplier market to Customer market Operations Manager is playing a pivotal role in marketing and Customer Relationship Manager.
It is very important today to study product as a service and service as a product, don’t think in isolation, example study of manufacturing of an automobile/vehicle operation is considered purely from engineering and manufacturing point of view and it’s service aspect is not taken care then it will be a good design but may not be successful in business.
It is very important to study, understand following aspects of an operational team.
1. The business aspect of Operation of Product /service
2. How the performance of that operation can be measured and enhanced.
3. Strategy for operation and business excellence
4. Operational excellence part of that product service business
MBA in Operations Management is powerful branch /Specialization which gives results in the organization in
1. Reducing Defects in Operations
2. Eliminating Over-processing
3. Improving transportation
4. Reducing Waste in Processes
5. Eliminating Inventory (JIT)
6. Cutting cost in unnecessary Motion
7. Eliminating process waste, i.e. Scrap, Loss and Rework
Students will have to undertake Summer Internship Project (SIP) in the third semester, where he/she can walk the Operational Functional Processes in the industry and give suggestions, recommendation for process improvement. This eye of Excellence will take him/her to the employability and the dissertation in 4th Semester will lead him/her to the business excellence and best in class Operation.
MBA Operations students can take up waste elimination projects and Dissertations to have a feel of Operations Management. With the help of TPM, TQM, Quality Circle and Six Sigma methodology Operation Student can take up a project by Project customer satisfaction Methodology to improve his Skill, Ability and Capability of Business Excellence.