Essay from the year 2013 in the subject Business economics - Business
Management, Corporate Governance, grade: 2,1, University of Bath,
course: Operations Management, language: English, abstract: This essay
will analyse the key factors which determine 'success' and 'failure' of
quality management (QM), lean operations and inventory management. These
three areas of operations management are significant and can
dramatically improve a firm's efficiency, responsiveness and reduce
costs.This essay will illustrate how theoretical frameworks can help
explain the actions of organisations past and present, and the success
of these actions will be evaluated. Managers often fail to understand
for operations to be successful, a company wide approach or cultural
shift must occur. There is much literature on the application of these
operations in a small number of sectors, namely, manufacturing. This
essay will analyse the appropriateness of these operations across many
sectors and will draw upon case studies as well as my own experience.