• Operating and Controlling the System

    After designing the operations systems, it is very important to constantly check the status of the system and improve the same to achieve faster and more efficient outcome.

    Inventory management

    Inventory Management is a key process which has direct impact on the profit/loss of a company and is an important financial parameter. Ineffective inventory management can lead to either excess inventory which increases cost as well as waste or lower inventory which causes production disruption.

    Some Inventory management planning models in use are –

    1. Economic order quantity model
    2. The reorder point
    3. The determination of safety stock

    Project management and control

    Project Management can be understood as comprising of the following:

    • Initiation: For any Project to be a success the scope of the project should be clearly define and should be agreed upon by the stakeholders.
    • Planning: Planning should make sure that all the high level activities are mapped out in a Work Breakdown Structure, with the required schedule, budget, and resources planned with each work package.
    • Execution: Execution will carry out the process or activities needed to complete the project
    • Manage and Control: Measure and control helps to monitor the critical activities and performance measurements.
    • Closure: The closure of a project should document the learning from the project to enrich the Organizations knowledge assets.
    • Risk management is a key activity to make sure that the project remains on track and does not lose focus from the stated goals and achieving the performance goals.

    Operational scheduling

    Operations scheduling is concerned with implementing the plans, i.e. the detailed scheduling of jobs, assignment of workloads to machines (and people), and the actual flow of work through the system. Operations scheduling is required to be completed before planning for inventory management and inventory procurement planning and supply chain management of the end product have great dependence of operation scheduling.

    Quality assurance

    Quality assurance is based on the principle that it is better to prevent quality problems rather than detecting these problems after the product has been made or the service provided.

    Quality assurance activities

    • How the organization develops policy in respect to quality
    • The allocation of responsibilities for quality within the organization
    • Procedures used to carry out the needs of the organization
    • The standards to be maintained in the workplace
    • The documentation required to demonstrate both the operation and maintenance of the system and the attainment of quality

    Organizations nowadays use different quality tools to reduce defects and improve quality. The most widely used such tool is Six Sigma.

    Post Tagged with , ,

Leave a Reply

Your email address will not be published. Required fields are marked *