MGT613 - Production and Operations Management - Production and Operations Management MGT613 INTRODUCTION TO PRODUCTION AND OPERATIONS MANAGEMENT VU

MGT613 - Production and Operations Management - Production...

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Production and Operations Management –MGT613 VU © Copyright Virtual University of Pakistan 1 Lesson 01 INTRODUCTION TO PRODUCTION AND OPERATIONS MANAGEMENT POMA ¾ Previously called Production Management ¾ Then Production and Operations Management ¾ Often called Operations Management ¾ Should not be confused with Operations Research or Production Management which are the domain of Mechanical and Industrial Engineering. THE COURSE CONTENT Tentative Course Content Units of Learning wise ¾ Unit I ( Introduction and Productivity, Strategy and Competitiveness) ¾ Unit II ( Forecasting) ¾ Unit III ( Design of Production Systems) ¾ Unit III ( Quality) ¾ Unit V ( Operating and Controlling the System) Tentative Course Content Lecture wise ¾ Unit I ( 5 Lectures) ¾ Unit II (3 Lectures) ¾ Unit III ( 12 Lectures) ¾ Unit III ( 10 Lectures) ¾ Unit V ( 15 Lectures) History of Management ¾ Frederick Taylor and Gilbreths (Lillian and Frank Gilbreth) are pioneers of transforming management to scientific domain. ¾ Borrows a lot of information from Engineering and Management to give an overall bigger picture of operating and managing any organization. Difference between Operations Management and Research ¾ OR relies on mathematical modeling and OM relies on practical scenarios/industrial cases. ¾ OR domain and tool of Engineers while OM is considered to be one of the critical tools of Managers. ¾ OR considered more powerful to improve the whole system where as OM can be applied to a part of the system. ¾ OR relies on mathematical modeling while OM relies on practical scenarios/industrial cases. Why Study OPERATIONS MANAGEMENT ¾ Operations Management form core of any organization’s senior leadership. ¾ What are organizations ¾ An organization is a business entity that can work for profit or non profit purposes to generate a value added product or service for its customers. ¾ Whether profit or non profit, the role of an OPERATIONS MANAGER is to sustain, protect, and project the company’s operations side. ¾ Why Operations Manager ¾ Every organization must manage processes and operations by which processes are performed.
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Production and Operations Management –MGT613 VU © Copyright Virtual University of Pakistan 2 ¾ An operations Manager controls the processes by which value is added from conversion of inputs to outputs. ¾ Why Operations Manager ¾ Inputs include materials, inventory, services, land, and energy, human and capital resources. Bridge between Management and Engineering ¾ Two Islands named Engineering and Management ¾ Operations management uses foundations of both Engineering and Management. ¾ Bridge Basics , Extension of road from both ends till they meet at the centre and fuse to give strength and allow the foundations to give added strength to the bridge ¾ Bridge between Management and Engineering. The primary responsibility of an Operations Manager working at any level, for production or service based organization, is to help and facilitate the building of walls. It’s a demanding job but at the time takes the same amount of
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