Strategic Production and Operations Management

Question: Discuss about the Strategic Production and Operations Management. Answer: Introduction The merging of consultation firms with strategic firms certainly seems to be a risky venture. Operation management is of utmost significance because this is the kind of approach that tells a company, big or small, how to get more value of company owned products through cost reductions. Going by the article published in The Economist, merging both the consultancy can prove to be a down fall on the future of operation management as seen in the case of PwC and Booz. Instead, certain strategies can be taken up by firms to boost their operation managements. Strategic moves in operations management First of all, business firms must work to change their business into an international organization. The benefits of moving your business to international level are many ("Special Issue Of production And Operations Management: Retail Operations"). By moving the business into a new location or country, one can get insights about how to grow their business, provide quality service to new customers and create returning customers. International outlook can improve a firms supply chain by opening up pathways to places that are sources for unique resources like materials, workforce, expertise, et cetera. This will in turn help in cost reduction ("Special Issue Of production And Operations Management: Retail Operations"). Use of advanced software can enhance operation management, as these modernized tools help reduce human error and workload, ease calculations, and in turn help in cost handling. A combination of well-developed ideas, advanced tools together with effective planning are the core frameworks required for developing an efficient operation management ("Strategic Moves"). Conclusion In addition, having a precise mission can ease the procedure of developing an efficient strategy. A well-developed strategy will only work out when backed up by efficient decision makings. If the strategies involved in operation management of a firm face a certain problem, then the operation manager needs to comprehend the issue, and assess all the steps. the operation manager would require analyzing if the decision makings are good or bad, and what will be the future implications of it. References "Special Issue Ofproduction And Operations Management: Retail Operations".Production And Operations Management, vol 18, no. 1, 2009, pp. 127-127.Wiley-Blackwell, doi:10.1111/j.1937-5956.2009.01048.x. "Strategic Moves".Chemistry Industry, vol 76, no. 4, 2012, pp. 16-17.Wiley-Blackwell, doi:10.1002/cind.7604_5.x.