Learners are responsible for collecting evidence that addresses the assessment criteria. Six sigma is an approach that focuses on quality. One of those responsibilities is ensuring that the business operates efficiently, both in terms of using the least amount of resources necessary and in meeting customers' requirements to the highest standard economically viable. The discipline is rooted in the planning and creating processes that make the business run more efficiently by focusing on factors such as cost control, quality assurance and profitability. It is not necessary for learners to have each assessment criterion assessed with a separate piece of evidence. Jack Welch of General Electric started an initiative to adopt the six sigma method in 1995, which brought the approach a great deal of popularity. An operational approach is an approach that is borrowed from Bridgman’s work; this approach attempts to bring together the knowledge of management that is related to functions of management. Maximizing resources involves managing how raw materials and labor are used to create final goods and services. The implications for organisational processes relating to data collection (eg informing individuals, handling and storage). The range of management models and theories (eg Adair Action-Centred, Theory X-Y, Systems Theory, Linking Pin Model, McKinsey’s 7-S Taylor’s Scientific Management etc). The learner can: 1.1 Analyse the key components of operational management including: • Inputs • Transformation Process • Outputs Every six sigma project within a company has a defined step sequence and financial targets, such as increasing profits or reducing costs. Operations management involves managing the process by which raw materials, labor, and energy are converted into goods and services. Lean manufacturing is a systematic method of eliminating waste within the manufacturing process. How the different approaches compare, and how to apply them effectively. 1.5 The differences between a strategic plan, a tactical plan and an operational plan. In the history of business and manufacturing operations, division of labor and technological advancements have benefited company productivity. To pass this unit the evidence that the learner presents for assessment must demonstrate that they have met the required standard specified in the learning outcomes, assessment criteria and the requirements of the Assessment Strategy. 1.4 The organisational policies that affect operational planning (eg Health and Safety, family policies such as maternity/paternity leave etc). The factors of production include land, labor, entrepreneurship, and capital. The potential impact(s) when situations are poorly managed. 1.1 Analyse the key components of operational management including: 1.2 Describe the components of a viable operational plan, 1.3 Explain the importance of contingency planning, 1.4 Describe the policies, processes and procedures that affect operational planning, 1.5 Evaluate how an operational plan supports business strategy/strategic objectives, 1.6 Explain how sales and marketing plans contribute to the development of operational plans. 4 Understand the purpose of management reporting, 4.1 Evaluate the features of a viable management report, 4.2 Explain when and how to use management report. Take a look for yourself! Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. International House, 12 Constance Street, London, United Kingdom, E16 2DQ. 1.6 The content of sales and marketing plans. Economics is a branch of social science focused on the production, distribution, and consumption of goods and services. How technology innovation can change data management and improve quality, efficiency and productivity. To achieve LO 1 the learner is required to analyse the key components of operational management itemised in AC 1.1 to determine their essential features and to draw conclusions. This category will aim to tackle issues surrounding operational management, and will help you develop your skills to proficiently handle teams and large projects. 0% Plagiarism Guaranteed & Custom Written, 1 Understand operational management approaches and models. Key factors include but are not limited to capacity planning, inventory management, supply chain … When management reports are written, and their frequency. The operational approach brings together management concepts, principles and techniques in the management practice (Fleet et al. The learner is then required to provide an account of the practices and characteristics of data management and data security to explain why both are important to an organisation. Operations management involves planning, organizing, and supervising processes, and make necessary improvements for higher profitability. Manufacturing cells use lean environments by grouping together related equipment and personnel. The learner is then required to analyse two approaches to continuous improvement to determine their essential features and draw conclusions as to their relationship with other systems. Modern operations management is comprised of four theories: business process redesign (BPR), six sigma, lean manufacturing, and reconfigurable manufacturing systems. The learner is then required to explain when and how to use two different types of management report. How to assess progress towards achievement of defined change objectives. What makes an operational plan viable. 2.1 What is meant by business development in a broad sense (eg business growth and improvement, not just sales). 5.2 Current data protection legislation (eg The Data Protection Act, 1998) and the purpose of the legislation. The role that each of the key features of a management report fulfils (eg a tool for internal communication, communicates to different audiences etc). The courses will focus on the specific subjects of Strategy and Innovation, Change Management and Continuous Improvement. The goal of BPR is to help companies dramatically restructure the organization by designing the business process from the ground up. 2 Understand business development tools and approaches to continuous improvement, 2.1 Evaluate a range of business development tools and where they can be best applied, 2.2 Analyse approaches to continuous improvement and their relationship to other systems. 4.1 The key features of a viable management report (eg in writing, systematically presents facts, self-explanatory etc). Operations management involves certain responsibilities. To operate efficiently, firms should use the least amount of resources needed and strive to meet the customer's requirements to the highest possible standard. It is highly recommended that this evidence be collated on an ongoing basis in a referenced portfolio that can be presented for internal and external verification once all assessment criteria have been addressed. LO 5 requires the learner to evaluate an example of how technology is used in operational planning and management and to provide a conclusion as to its merits and usefulness in a particularly context. Learning outcome (LO 1) The learner will: 1 Understand operational management approaches and models. 5 Understand effective technology use and data security in organisations, 5.1 Evaluate the use of technology in operational planning and management, 5.2 Explain the importance of data management and security in an organisation. Assessment criteria. A bottleneck is a point of congestion in a production system that occurs when workloads arrive at a point more quickly than that point can handle them. Successful completion of this unit requires the learner to demonstrate that he or she has knowledge of operational management, change management and business development. For the final part of this Learning Outcome, the learner is required to give details of the practices associated with sales and marketing to explain how sales and marketing plans contribute to the development of operational plans. 1.2 The different components that are included in an operational plan (eg objectives, Key Performance Indicators (KPIs), quality standards etc). The offers that appear in this table are from partnerships from which Investopedia receives compensation. The consequences of not adhering to data protection legislation. 1 Understand operational management approaches and models.