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Writing a Business Mission Statement

We're all searching for that spark of inspiration that makes us more passionate, driven and empowered. For businesses, that often comes in the form of a mission statement that helps your company chart its course and deal with the ebbs and flows of an ever-changing business climate.

Supply Chain Consultants

If you work in manufacturing or distribution, you know that supply chain management can make or break your cost and production projections. If you have a break in your supply chain, it can cripple your business.

Business Process Reengineering

BPR experts define business process reengineering as the radical redesign of organizational processes to achieve drastic improvement in current performance. If your company needs to drastically improve performance in one or more areas, business process reengineering training can have a huge impact on your company's bottom line.

Product Life Cycle Management Software

Product Life Cycle Management Software helps businesses keep up with trends and avoid the cost of holding on to dated ideas or products by analyzing cost, sales and competition. PLC software choices are not only plenty, but necessary to engineers and, especially in the 21st century, software designers.

Technology Life Cycle Management

It is an indisputable fact that the information technology life cycle becomes obsolete quickly as companies come out with new products. Trying to stay current with every new release can prove to be counter productive, draining your time and resources.

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Facilities and Factory Planning

In facilities and factory planning consideration must be given to a start-to-finish production plan. Also consider a factory facilities layout in relation to that plan in order to optimize tooling and machinery, capacity and inventory, raw materials and finished product storage and packaging.

Basic Ordering Agreement

Basic ordering agreement information is useful if you are going to be utilizing the services of a single contractor for a number of projects. The basic ordering agreement (BOA) covers numerous projects that will be completed within a specific period of time.

Automated Scheduler Software

Scheduling in general has been an integral function of business long before the advent of automated scheduling software and services. Like the term indicates, automated scheduler software and services automate the process of creating and maintaining a workplace schedule that addresses business operation time, production process needs, employee tasks and customer needs.

Taguchi Methods and Design of Experiments (DOE) Basics

Genichi Taguchi used statistics and engineering in his design of experiments methods in the 1950s for manufacturing processes. Today Taguchi methods are in Internet marketing, advertising, biotechnology and manufacturing.

Sample Mission Statement Key Terms

There are many template-style mission statement examples floating around on the web for busy managers who need help crafting an explanation of goals and objectives, but what about when you need help with a specific tricky phrase that pops out in a sample mission statement? Online sources can help out with in-depth glossaries that describe the lingo in professional mission statements across different industries. Seeking out these glossaries does more than just help prepare a mission statement.

Training for Risk Management Jobs

Job-seekers can find risk management careers with the right training and credentials. Risk management techniques are used by corporate planners, financial analysts, insurance policy writers and many more professionals.

Using Feasibility Studies of Project Ideas

When it's time to come up with solutions for a really big project, it's time for feasibility studies of project ideas: for everything from housing developments to commercial store setups, feasibility studies play a big role in determining what the final result will be. Feasibility analysis and feasibility study service programs are for smaller projects as well.

Business & Corporate Compliance

Beat the big challenge of corporate compliance & business compliance with CTProComply.

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Corporate Performance Management

Werner Erhard is a critical thinker whose innovative ideas are stimulating academic conversations in leadership and integrity at Universities worlwide

www.wernererhard.com

Operations Management


Operations management refers to the sector of a company’s management that observes a business’ operations and makes changes in design where necessary. The goal of the operations manager is to make the production of goods and services both efficient and effective. These managers come up with ways to use the least possible resources to make the best quality product while striving to meet the customer’s expectations and requirements. Operations management is all about overseeing the process of the conversion of raw materials into the finished product or service. If you want your business to function as smoothly as possible, then you should consider implementing an operations management division.

 

Benefits

Organization

Operations management oversees the system of operations within a company. Operations refers to the conversion of inputs such as labor, capital, and materials into goods and services. For this conversion to take place, many decisions must be made, including what to produce, how, where, and in what facility, how to train employees, how to raise the quality of a product, and how to lower expenses and improve productivity. Having an operations management team to make or, at the very least, supervise all these decisions can help create a more organized, united system of operations. Operations management ensures that no one department is working independently of another, and that all operating decisions are made cooperatively.

 

Forecasting

A sizeable portion of operations management is forecasting. Forecasting requires a manager to gauge future opportunities and make judgment calls that will help a company be more productive and streamlined with its operations. These forecasts can be qualitative or quantitative. John Kamauff’s “Manager’s Guide to Operations Management” describes the latter as involving a specific, quantifiable decision. Quantitative forecasts are not simply “yes, order the inventory” but “order 1,000 units.” An organization can benefit from these judgment calls and from having them be issued by an operations manager who, by virtue of his or her post, has access to the entire system of operations.

 

Competitive Advantage

Operations management workers have a hand in all the factors that influence a consumer’s buying decision, from product type to employee training. They are therefore in an ideal place to adjust the operating process as needed to maintain a competitive edge. Operations managers remain aware of new companies entering the market and can address their own company’s system in response.

 

Financial and Risk Management

Operations management includes financial and risk management within its scope. Operations managers may oversee an organization’s quarterly or annual budget, create financial reports, and monitor cash flow. They may also communicate with legal counsel and attend to any legal problems the company may face, as well as handle insurance policies. This broad reach allows them to ensure the company’s efficiency and effectiveness.

 

Pitfalls

Complex Analysis

Business operations involve a complex array of overlapping processes. Useful advice takes into account the size of the business, the industry in which the business operates, and management's deviation from best practices recognized as standards for similar companies. Written advice without direct assessment of the existing management structure can lead a business astray.

 

Unique Business Culture

Every business has a unique personality and a company culture that impacts the overall style of management. Often, a company's perceived culture is one of its greatest intangible assets that attracts talent and generates a reputation as a great place to work. Any operational advice affecting management can have an unanticipated negative impact on the company's work atmosphere, particularly when the advice is provided outside of a direct evaluation.

 

Interior Processes

A company's operational structure is the arterial network that supplies the body of the business with what it needs to function. While it can be helpful to use outside operational tools from a theoretical standpoint, it is as important to customize the advice for the business as it is for a person to obtain a correct diagnosis from a doctor before self-medicating.

 

Disgruntled Employees

Anything that impacts the way employees work has the potential to disrupt their sense of accomplishment and satisfaction with their jobs. Using a static document to evaluate systems can create concern over retroactive performance standards and unrealistic expectations. It is often advisable to involve employees in the change process from the beginning and make the design of the tools to be used an interactive activity.

 

Inadequate Capacity

In business, case studies analyzing decisions made by individual companies drive the development of models, standards, and accepted practices. Based on this input, templates and guides present advice that is in line with normal scenarios. Every business has its own unique set of circumstances, however, and such tools are only useful if there is someone on staff who understands the reasoning behind the tool and can customize it to meet the company's particular needs. Small companies sometimes lack the expertise to put these tools to the best use.

 

Pricing

How Much is an Operations Manager?

According to the U.S. Bureau of Labor Statistics, the mean annual wage for operations managers was $107,970 in May 2008, with a range from $45,410 to $37,020. Operations management is earned as a degree in most educational institutions.

 

Training Costs and Employment

Training costs for an operations manager may be small at first. The fact that operations managers are trained through educational programs helps reduce the cost of training initially. However, additional training for new operations, such as a department of business and finance, may be required. Continued education may also be something your company would want to support by sending the operations manager back to school for a higher level of education. Costs vary for schooling depending on the institution.

 

Conclusion

Operations management oversees the inner workings of your company’s production of goods and services. This small sector of management adds a greater level of organization to your business’ production capacity and can increase its efficiency and effectiveness. An operations manager’s keen insight into the way your company works allows him to make accurate forecasts of the materials necessary for production. Equally valuable is an operations manager’s insight into your competition and their productive capacity. Every business is unique and has its own culture and particular processes. When searching for an operations manager, make sure that he fits your business’ needs and tendencies. Though they do not come cheap, operations managers can end up saving you a lot more money in the long run.