DOM505: COURSE OUTLINE • Introduction to OM; • Productivity & Efficiency Analysis; • Forecasting; • Capacity Planning; • Location Planning and Analysis; • Process Selection and Facility Layout; • Material Requirement Planning and ERP; • Inventory Management; • Quality Engineering & Management; • Lean Six Sigma (LSS). ASSESSMENT SCHEME Component Number Marks allocated Quiz 2 (Time-45 min. each) 20 (2*10) Project 1 (PPT & Report) 35 (10 I +10 G +15 G) Class Participation Class activity + discussion + Assignment 15 End-term 1 30 PROJECT: FEW THEMES… 1. Flexible Manufacturing System; 2. Manufacturing Analytics; 3. Modularity in services; 4. Smart Factory; 5. Design for Environment; 6. Agile Manufacturing; 7. Modularity in manufacturing; 8. Lean Manufacturing PROJECT REPORT STRUCTURE • First page • Title of the project and group detail • Content Table (Heading and sub-heading with page no.) • Introduction • Review of literature • Theoretical or conceptual development • Application (2-3 business cases from Industry) • References (min. 10) Formatting: Calibri; Font Size -12; Line spacing – 12 Word Count: Min 3000 (including first page, content and references) Note: Only submit soft copy with plagiarism report LECTURE 1 Introduction to Operations Management Dr Sandeep K. Gupta (PhD, MBA, M.Tech) Assistant Professor, SME, SNU RUN ANY BUSINESS ??? WHAT WE NEED TO WATCH OPERATIONS !!! WHAT CUSTOMERS LOOK FOR ??? Quality Price Ecofriendly Time Variety WHAT IS OPERATIONS & WHY IS IT IMPORTANT? • A dictionary definition of operation is ‘power to act’, hence in general view, operations is the area that drives action in the firm. • The operations function organizes the system of resources that create and deliver the firm’s products and service offering. • A firm’s operations are centered in its resource engaged in product development, manufacturing, service management, supply chain management, channel management, and other execution-oriented functions that act to create and deliver value to customers. OM’S TRANSFORMATION PROCESS 11 SUPPLY NETWORK OPERATIONS MANAGEMENT & Decision Making • What: What resources will be needed, and in what amounts? • When: When will each resource be needed? When should the work be scheduled? When should materials and other supplies be ordered? When is corrective action needed? • Where: Where will the work be done? • How: How will the product or service be designed? How will the work be done (organization, methods, equipment)? How will resources be allocated? • Who: Who will do the work? ACHIEVING COMPETITIVE ADVANTAGE THROUGH OPERATIONS SCOPE OF OM Source: Nigel Slack, Stuart Chambers, Robert Johnston, Alan Betts-Instructor's Manual - Operations and Process Management_ Principles and Practice for Strategic Impact-Prentice Hall, 2nd Edition, 2011. WHAT IS OPERATIONS MANAGEMENT ??? ASSIGNMENT - 1 Part- I: Write an short note on ‘Roles and responsibilities of an Operations Manager’ • Number of words: 700-1000 • Min. references: 3 (research articles, reports, webpages etc.) • File type: MS Word or pdf • Platform for submission: Blackboard • Last date for submission: by Aug. 14 EOD CONTINUES… ASSIGNMENT - 1 Part- II: Write down three services that you have ‘consumed’ in the last year. Try to make these as varied as possible. Examples could include public transport, a bank, any shop or supermarket, attendance at an education course, a cinema, a restaurant, etc. For each of these services, ask yourself the following questions. ● Did the service meet your expectations? If so, what did the management of the service have to do well in order to satisfy your expectations? If not, where did they fail? Why might they have failed? ● If you were in charge of managing the delivery of these services, what would you do to improve the service? ● If they wanted to, how could the service be delivered at a lower cost so that the service could reduce its prices? ● How do you think that the service copes when something goes wrong (such as a piece of technology breaking down)? ● How do you think the service copes with fluctuation of demand over the day, week, month or year? These questions are just some of the issues which the operations managers in these services have to deal with. Think about the other issues they will have to manage in order to deliver the service effectively. WHAT IS OPERATIONS MANAGEMENT? The business function responsible for planning, coordinating, and controlling the resources needed to produce products and services for a company. Operations management/excellence is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. (Source:https://www.investopedia.com/terms/o/operations-management.asp) SIGNIFICANT EVENTS IN OPERATIONS MANAGEMENT Source: Heizer, Jay H._ Munson, Chuck_ Render, Barry-Principles of operations management sustainability and supply chain management-Pearson Education Limited (2017) Page No. 48. ANY QUERY ???