Qualification
HND in Business Accounting& Management
Unit No & title
Unit 34 Operations Management in Business
Start date
March 11th. 2014
Submission Deadline
April 11th. 2014
Assessor name
Marcia Jiajie Liu
IV name
Simon Chen
Student No. & name
Student’s Declaration
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.
Student signature: Date:04/11/2014
Assignment No. & title
3401, Operations Strategy in Business
This assignment covers the following assessment criteria
Outcomes
Criteria
LO1. Understand the nature and importance of operational management
1.1 explain the importance of operational management
1.2 explain the need to produce products or
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1.4 produce a systems diagram to illustrate a typical business
Suggest an appropriate organizational system with suitable diagram for the high turnover company like IKEA.
2.1 explain the 'Three Es' (economy, efficiency, effectiveness)
'Three Es' are explained in general.
2.2 explain the tension between cost minimisation and quality maximisation
Explain why improvement in quality while minimising the cost of production based on IKEA.
2.3 evaluate the significance of the five performance objectives that underpin operations management
The evaluation of the role that the five OM performance objectives( cost; dependability; flexibility; quality and speed) plays in monitoring and controlling of the business so as to remain competitive in the market.
Grading Assessment
M1: effective judgements have been made.
When explaining how operations management is important to IKEA, effective judgements have been made by listing comprehensive reasons.
M2: A range of sources of information has been used
When performing Task 2, 3, or 5, examples of IKEA have been used to illustrate what is being explained.
M3: Present and communicate appropriate findings.
The arguments are presented in understandable and technical terms have been explained properly.
D1: Realistic improvements have been proposed against defined characteristics for success.
When
I declare that the work contained in this assignment is my own, except where acknowledgement of sources is made.
I hereby declare that this submission is my own work and that, to the best of my knowledge and belief, it contains no material previously published or written by another person nor material which to a substantial extent has been accepted for the award of any other degree or diploma of a university or other institution of higher learning, except where due acknowledgment is made in the acknowledgments.
This paper has been donated as a guide. Please do not copy my work. Please cite your sources including my paper if you use it. Thank you.
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☒ I declare that this assessment item is my own work (except where acknowledged) and has not been submitted for academic credit previously in whole or in part.
In reference to this assignment, I selected the first topic which is; Use the 5 objectives of operations management (quality, speed, dependability, flexibility, & cost) to describe the operations strategies, how they are implemented & how they support the organization’s competitive or effectiveness priorities. Indicate the
The Authör attests that permissiön has been öbtained för the use öf any cöpy righted material appearing in the Dissertatiön / Pröject repört öther than brief excerpts requiring önly pröper acknöwledgement in schölarly writing and all such use is acknöwledged.
I hereby certify that this paper constitutes my own product, that where the language of others is set forth, quotation marks so indicate, and that appropriate credit is given where I have used the language, ideas, expressions or writings of others.
I hereby certify that the work submitted for this assignment is my own. Where the work of others has been used to support my work then credit has been acknowledged.
I declare that this Assignment is my original work and all information obtained from other sources has been cited accordingly.
An objective of writing this report is to identity and analyzes operation system applied in IKEA, the well-known low cost yet high quality home of furnishing. Function, process and strategy of IKEA operation system will be accessed to identity the core competency that lead to the successfulness of IKEA in the world. Besides, other purpose in complete this report is to analyze the strength and weakness of operation system in IKEA. Operation management is procedure where processes of production or deliver goods and services is being monitoring and managing. Operations management is the activity of managing the resources which produce and deliver products and services (Slack, Chambers and Johnston, 2010). Operations
ANEXO: DATOS EXTRACTADOS MEMORIA ANUAL IKEA A better everyday life for the many people Mikael Ohlsson, President and Chief Executive Officer for the IKEA Group Welcome to the 2011 IKEA Yearly Summary. In times when many nations and people face economic challenges, our vision of creating a better everyday for the many people is more relevant than ever. We are constantly engaged in learning about the different ways people experience life at home and what their needs are. And we know people are becoming more value conscious. We develop our range for people with normal incomes. To make it possible to furnish functionally, individually and sustainably – even when the economy is tight. We strive to become more accessible through lowering our
Next, resources, which I believe IKEA signifies as important to the organization, because they have a close corporate culture in place. At this