Production and Operations Management Course Code OMT 8501 Course Instructor Mohammad Rajib Uddin Assistant Professor Dept. of Business Administration-General FBS, BUP Discussion Topic – st 1 Class Meet and Greet with the students Experience of the last trimester from the students and faculty. Introduction of the course instructor. Course Description. Introduction to Operations Management. Question and Answer Session Brief Introduction of Instructor Educational Background: SSC & HSC: Sylhet Cadet College Bachelor: Bachelor of Engineering (Computer Systems), Edith Cowan University, Australia Masters: Master of Engineering Management, Curtin University of Technology, Australia Professional experience: Technical Sales Analyst (2005-2006)-Telstra Corporation Limited, Australia Telecommunication Service Designer (2006-2007)- Telstra Corporation Limited, Australia Project Co-ordinator (2007-2010)-Telstra Corporation Limited, Australia. Major Projects: Formula One, MotoGP, Australian Election, Etc. Teaching Career: Lecturer (2012-2014)-American International University-Bangladesh (AIUB) Assistant Professor (2014-2016)- American International University-Bangladesh (AIUB) Assistant Professor (2016 till Now)-Bangladesh University of Professionals Publication and Patent: Number of Publication: Ten (Indian Journal-2, Canadian Journal-1, American Journal-2, Malaysian Journal-1, Australian Journal-1) Number of Patent: One Granted (Innovation Patent from IP Australian Government, 2019) Two Granted (Innovation Patent from IP Australian Government, 2020) Operations Management Text: Stevenson, William J., Operations Management, 8th edition, McGraw-Hill. Topics Introduction to OM Functions of Business Organization Goods Vs Service Characteristics of Goods and Service Tangible and Intangible Output Scopes of OM OM Managers and the Management Process Decision Making Why Study OM? Conclusion Operations Management OM is the management of systems or processes that create goods and/or provide services. The creation of goods or services involves transforming or converting inputs into outputs. The essence of the operation function is to add value during the transformation process: value-added is the term used to describe the difference between the cost of inputs and the value of price outputs. Operations Management Illustration of the transformation Process Food Processor Inputs Processing Outputs Raw Vegetable Cleaning Canned Vegetable Metal Sheets Making cans Water Cutting Energy Cooking Labor Packing Equipments Labeling Basic Function of Organization Finance-is responsible for securing financial resources at favorable prices and allocating those resources throughout the organization. Marketing- Is responsible for assessing consumer wants and needs and selling and promoting organization’s goods or services. Operation-Is primarily responsible for producing the goods or providing the services offered by the organization. Organization Finance Marketing Operations Operations Management Tangible Output-Producing of goods results in a tangible output, such an automobile, eye glasses, a golf, a refrigerator-anything we can touch or see. Intangible Output- Something what we can feel or value. For example: level of service can be defined as intangible output. Scopes of OM The scope of operations management ranges across the organization. OM People are involved in product and service design, process selection, design of work systems, location planning. Scopes of OMForecasting Capacity Planning Scheduling Managing Inventories Assuring Quality Motivating and Training Locating facilities. Example of Types of Operations Types of Operations Example Goods Producing Firming, Mining, Construction, Manufacturing, Power generating Storage/Transportation Warehousing, Trucking, Mail service, moving, taxis, buses, hotels, airlines. Exchange Retailing, wholesaling, financial advising, renting or leasing, library loans, stock exchange. Entertainment Films, Radio and Television, Plays, Concerts, Recording Communication Newspapers, radio and TV newscasts, telephone, satellites, the internet. The Operation Manager The Operation Manager is the key figure in the system. He/She has the ultimate responsibility for the creation of goods or provision of services. The kinds of jobs that operations managers oversee vary tremendously from organization to organization largely because of the different products or services involved. Characteristics of a Good Operation Manager Commanding Voice. Good Negotiator. Leadership quality. Understanding the need of Business. Role Model Example of World Leader: Barak Obama-With a Commanding Voice, Good Negotiator. Adlof Hitler-Leadership Quality with commanding Power Responsibilities of Operation Manager Planning Organizing Capacity Degree of Centralizations Location Process selection Products and services Staffing Make or buy Hiring/laying Off Layout Use of Overtime Projects Scheduling Controlling/Improving Inventory Quality Costs Productivity Directing Incentive Plans Issuance of work Orders Job Assignments Decision making The chief role of Operation managers is that of planner and decision maker. Operation management professionals make a number of key decisions that effect the entire organization. These include What: What resources will be needed and in what amount. When: When will each resource be needed? When should the work be scheduled? Decision making (Continued) Where: Where will the work be done? How: How will the product or service be designed? How will the work be done (Organization, Methods, Equipments)? Who: Who will do the work? Summary OM is the part of a business organization responsible for planning and coordinating the use of organization’s resources to convert inputs into outputs. The Operations function is one of the three primary functions of business organizations. The operations function is present in both serviceoriented and product-oriented organizations. Questions? Briefly describe the term operations Management? 2. Identify the three major areas of business organizations and briefly describe how they interrelate? 3. Describe the Operations function and the nature of the Operations manager’s job? 1.