Operations Management and Strategies Crucial to Business...

Operations Management Global businesses are influenced by effective operations strategies involving operations management. These strategies and management effect on the progression of being successful. Operations refer to the business processes that involve transformation or, more generally, â€Å"production†. It is a crucial key business function and is essential to business success. New product and design is an operation strategy involving influences such as technology, quality expectation and government policies. Another operation strategy is performance objectives outlining influences such as globalisation, cost-based competition and quality expectation. Inventory management is another operation strategy associated influences such as†¦show more content†¦A business must consider the value the final product holds from inputs to outputs. Distribution in the output sector needs to be allocated to where retailers have customer advantage. If this process is not approached appropriately, a b usiness would not be competitive against the market. Hence cost-based competition is another influence affecting supply chain management. As a result, supply chain management is one of the operation strategies operated by global businesses. Woolworths is a global supermarket/grocery business widely operated in Australia; it is also served in New Zealand and India. It is a superior example for its supply and chain management strategy. Woolworths strongly advertise their products on many media formats such as television, radio and newspapers. In their advertisement they state that all products are fresh gaining customer advantage; hence their motto â€Å"The Fresh Food People†. That is, their inputs operate only on fresh products to satisfy customer satisfaction because of the quality expectations the grocery store present. During the distribution process, delivery is done through the trucks owned by Woolworths. It delivers finished products manufactured from various businesses to Woolworths supermarkets. The global supermarket does not only provide goods but it also provides services such as onlineShow MoreRelatedThe Impact Of Management On The Globalization Of Business911 Words   |  4 PagesThe impact of manag ement in the Globalisation of business Management plays a crucial role in globalisation of a business, they do research and appoint qualified executives to help implement strategies and plans set by top management and chose the right style of management to manage the global business and strive in a competitive market. Manager of such global business are faced with many problem and issues, ethical issue and environmental issues, management of global business they learn from suchRead MoreWhat Does Safety Risk Affect An Organization?1514 Words   |  7 PagesEverybody takes risk in life. Sometimes you have determined if the risk you are willing to take is worth it. 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