OPERATION MANAGEMENT 22PGD205 ASSIGNMENT- CO4 REPORT ON ORGANISATION VISIT COVERING ALL AREAS OF OPERATION MANAGEMENT SUBMITTED TO: LRS MANI SUBMITTED BY: ABHISHEK DAS (221122) AYUSH RAJ (221131) DEVIN SHAH (221134) ROHIT KUMAR (221159) ANJALI SHARMA (221127) HYUNDAI Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul. It was founded in 1967 and is now the third-largest vehicle manufacturer in the world, after Toyota and Volkswagen. Hyundai produces a wide range of vehicles, including passenger cars, SUVs, and commercial vehicles. The company has a strong focus on innovation and technology, and has invested heavily in electric and hybrid vehicles in recent years. Hyundai is also known for its commitment to sustainability and social responsibility, and has implemented various initiatives to reduce its carbon footprint and support local communities. Hyundai has a global presence, with manufacturing plants and sales offices in various countries. In addition to its namesake brand, Hyundai also owns the luxury brand Genesis and has a stake in Kia Motors, another South Korean automaker. Overall, Hyundai is a leading player in the automotive industry, known for its quality vehicles, innovative technology, and commitment to sustainability and social responsibility. Last FY 2022 sales of Hyundai represented in the graph per unit sold in every month of the year. Sales recorded in FY 2022 of Hyundai 60000 50000 40000 30000 20000 10000 0 HYUNDAI SHOWROOM, NEW BEL ROAD, BANGALORE We visited Blue Hyundai showroom, New BEL Road , Bangalore for our assignment and learned a lot of their operations activities I. II. III. The showroom operational activities start at 9;30am till 7-8pm in the evening . The showroom manager informed that new cars are added according to the bookings and orders of the customers ,or else the showroom have at max 60-70 cars of different model .Test drives are available in the showroom but only for the persons above 18 years of age and person having DL is mandatory. Minors are not allowed for test drive. The cars in the showroom are cleaned everyday and the showroom provides services to the test drive cars after every 10,000 kms is completed. Important thing to note is that the operations activities in a Hyundai showroom may vary depending on the size of the showroom and the dealership's goals. However, here are some typical operation activities that occur in Hyundai ,New BEL Road: Sales: The sales department is responsible for selling vehicles to customers. This department is usually made up of sales representatives who are responsible for greeting and assisting customers, providing product information, demonstrating the vehicle's features, and closing deals. Finance: The finance department works with customers to arrange financing for their vehicle purchases. They help customers secure loans or leases and ensure that all necessary paperwork is completed. They also look upon the day to day transactions happening in the Blue Hyundai showroom and record the transaction on day to day basis. Service: The service department is responsible for maintaining and repairing vehicles. They work to diagnose and fix problems with customer vehicles, perform routine maintenance such as oil changes and tire rotations, and order and install replacement parts. Parts: The parts department is responsible for ordering and stocking replacement parts for vehicles. They may work with the service department to ensure that the necessary parts are available when needed. Marketing: The marketing department is responsible for promoting the dealership and its products. They may create advertisements, manage social media accounts, and plan promotional events. Administration: The administrative department manages the day-today operations of the dealership. They may handle tasks such as payroll, human resources, and accounting. Customer service: The customer service department is responsible for addressing customer concerns and complaints. They may handle issues related to sales, service, or financing. Overall, the operation activities in a Hyundai showroom are focused on providing excellent customer service, selling and maintaining vehicles, and ensuring the dealership's financial success. DAY TO DAY OPERATION ACTIVITIES IN HYUNDAI SHOWROOM , NEW BEL ROAD Some of the day-to-day activities of Hyundai showroom are Welcoming customers: One of the most important tasks is to greet customers as they enter the showroom, offer assistance, and answer any initial questions they may have. Demonstrating vehicles: Sales representatives will showcase the various features and benefits of the Hyundai cars to potential customers, and answer any questions they may have about the vehicle's performance, safety, and efficiency. Providing test drives: Sales representatives may offer test drives to interested customers to allow them to experience the car's performance and handling. Negotiating deals: Once a customer has decided to purchase a vehicle, sales representatives will work with them to negotiate a price and finalize the transaction. Facilitating financing: Sales representatives may assist customers in securing financing for their purchase, whether through the dealership or through an outside lender. After-sales service: Once a vehicle has been purchased, the dealership may offer services such as maintenance and repair, and sales representatives may follow up with customers to ensure their satisfaction with their purchase. OPERATION STRATEGY OF HYUNDAI Operations strategy plays a major role for growth of any organization . Some of the operational strategies of Hyundai are: Quality management: Hyundai places a strong emphasis on quality management in its operations. The company has implemented various quality control measures throughout the production process to ensure that its vehicles meet the highest standards. Lean manufacturing: Hyundai utilizes lean manufacturing principles to minimize waste and increase efficiency in its production process which is also a cost effective in terms of operation management. This includes optimizing production schedules, reducing inventory, and implementing continuous improvement initiatives. Innovation and technology: Hyundai invest heavily in research and development to incorporate innovative technologies into its products and operations. This includes developing electric and hybrid vehicles, advanced safety features, and smart manufacturing technologies. Global production network: Hyundai has a global production network that spans several countries, allowing the company to access new markets and take advantage of regional strengths and resources. Supply chain management: Hyundai works closely with suppliers to ensure that it has a reliable and efficient supply chain. The company has implemented various initiatives to reduce lead times and improve delivery schedules, such as just-in-time inventory management. Customer-centric approach: Hyundai places a strong emphasis on meeting the needs and expectations of its customers. This includes offering a wide range of products to suit different customer preferences, providing excellent customer service, and incorporating customer feedback into product design and development. Selling and servicing cars: Blue Hyundai involve managing the various functions involved in selling and servicing cars. It also includes managing inventory levels, ordering new vehicles from manufacturers, managing the sales process, scheduling service appointments, and ensuring that vehicles are properly maintained in the warehouses as well as in the showroom and also make sure they are timely repaired. Supply chain management: Major aspect of operation management in a blue Hyundai showroom is to manage the supply chain. It also involves working with manufacturers to ensure that the dealership has a sufficient supply of vehicles and parts, as well as managing relationships with suppliers of other products and services needed to operate the showroom. As they also told that they have to maintain adequate number of cars in their showroom as well as in their warehouse to fulfill the requirements of the customers accordingly as how much the cars are in demand, they have to supply units to their customers. Customer Relationship: Operation management in a car showroom is also to manage customer relationships by involving, managing the sales process and ensuring that customers are satisfied with their purchases, as well as managing the service process and ensuring that customers receive prompt and high-quality service. Customer relationship is important for every customer as customers have always a second choice in their mind If anyhow the customer doesn’t gets satisfied by the car showroom it will impact the whole brand as well as the specific showroom for this customer relationship is very important for the showroom.