[Management and Operation]

Assignment Title:
[ Light Laundry Service
Company ]

Submitted To:
[ U Ah Zer Zar Sar ]

Submitted By:
[ Aung Khant Kyaw ]

[Student ID – 2017A5642]

Level – 4 HNC in Business

STRATEGY FIRST INSTITUTE

What is operation management?

Operation management is the management of the business practices to ensure

the maximum efficiency within a company, which contributes to improving profitability.
 It will incorporate employees’ resources, materials, equipment and
technologies, transforming these inputs into efficient and effective products at the day to
day strategic level in the organization.

What are the principles of operation management?

1. Principle of inventory of management

The aim of this course is to provide participants with a better understanding of

the roles and responsibilities of inventory management and how it impacts the business
by providing operation knowledge and the principles and capabilities of inventory
management, Participants will learn the necessary vocabulary and skills to determine
and apply the basics of inventory of management.

2. Principles of operations planning

The objective of this course is to provide basic knowledge and an understanding of

the basic principles and production planning techniques used at each stage of the
planning process, from strategy to tactics.

3. Principles of manufacturing management

The purpose of this course is to introduce the concept and practice of modern
manufacturing management. Topics include managing the manufacturing environment,
process structure, bill of materials and workflows, performing planning and production
management activities, and planning component requirements.

4. Principles of distribution and logistics

The purpose of this course is to present the basis of sales management and
logistics management, warehousing principles and activities, transport principles and
activities, execution, distribution channel, etc.
The key approaches to operation management

Business management is an important area in the management of a company. It can

be defined as a management area that is related to the design and operation of
business processes in the manufacture of goods or services. In summary, these are the
conversion of resources into products and / or services. The competitive advantage of a
company is directly determined by the efficiency of its use.

Business management is an important field in business management. It can be

defined as a management area related to the design and operation of business
processes in the manufacture of goods or services. These are the conversion of
resources into products and services. Competitive advantage of a company is directly
determined by efficiency of use.

Many theoretical concepts are included in operational management and their

conformity and application is different between organizations and organizations.
Important factors include capacity planning, inventory management, supply chain
design, performance measurement and comprehensive quality control. In product-
based organizations, the concept of inventory, supply chain, quality and capacity
planning is very important. In service companies, performance and quality control are
the most important factors.

The concept of operational strategy includes planning orders of raw materials,

conversion to final products, customer storage and sale. That implementation is now
incorrectly interpreted in a rapidly changing situation of highly globalized markets.
Administrative issues in the area of administrative tasks include quantitative, social,
technical problems and their complex mixtures. Quantitative problems include factors
related to planning, critical path analysis, supply chain management, and so on. Factors
related to automation, optimization, scheduling, etc. Social factors include human
resource management and outsourcing. These problems are isolated and not
independent of each other, but they affect the overall management performance of the
company. Therefore, it is important to manage these problem areas so that these
factors do not affect the overall management work. In order to maintain
competitiveness, open so that alternative means can be selected.