What Are The 10 Strategic Operations Management Decisions?

What is the first step in the operations management process?

The first decisions facing operations managers come at the planning stage.

At this stage, managers decide where, when, and how production will occur.

They determine site locations and obtain the necessary resources.

Production control..

Which of the following is an element of management?

Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.

What is the basis of taking strategic decision making?

Strategic decision-making is the process of charting a course based on long-term goals and a longer term vision. By clarifying your company’s big picture aims, you’ll have the opportunity to align your shorter term plans with this deeper, broader mission – giving your operations clarity and consistency.

What are the characteristics of strategic management?

The Characteristics of Strategic Management are as follows:Top management involvement.Requirement of large amounts of resources.Affect the firms long-term prosperity.Future-oriented.Multi-functional or multi-business consequences.Non-self-generative decisions.

How many strategic decisions make up the fundamentals of operations management?

10 decisionIn operations management, these 10 decision areas address the various activities that contribute to organizational success.

Which of these factors should a company consider while deciding on a certain process choice?

Which of these factors should a company consider while deciding upon a certain process choice? … 72 – Capital requirements, labor, technology, and market conditions are four factors that influence process selection).

What are the major areas of decision making?

The three major areas of decision making can be divided decision, financial decision and investment decision. Investment decision relates that where should the funds and in what proportion should they be implied.

What are the 3 types of decisions?

There are three types of decision in business:strategic.tactical.operational.

What are the five elements in the management process quizlet?

What are the five elements in the management process? Name the 10 Strategic OM Decisions….Name the 10 Strategic OM Decisions.Design of goods/services.managing quality.process and capacity design.location strategy.layout strategy.HR and job design.Supply-chain management.Inventory Management.More items…

What are examples of operations?

The following are illustrative examples of operations management.Procurement. Procurement is the process of developing requirements for inputs and selecting and managing suppliers. … Supply Chain. … Manufacturing. … Customer Service. … Information Technology. … Quality Assurance. … Distribution.

What are the common operations strategies?

The seven main functions of operations are:Product management.Supply chain.Inventory.Forecasting.Scheduling.Quality.Facilities planning and management.

What are the four major decision areas in operation management?

There are four major decision areas in supply chain management: 1) location, 2) production, 3) inventory, and 4) transportation (distribution), and there are both strategic and operational elements in each of these decision areas.

What are the elements of strategic decision?

A strategy consists of an integrated set of choices. These choices relate to five elements managers must consider when making decisions: (1) arenas, (2) differentiators, (3) vehicles, (4) staging and pacing, and (5) economic logic.

What type of problem does strategic decision making involve?

Strategic decision-making determines the objectives, resources and policies of the organisation. A major problem at this level of decision making is predicting the future of the organisation and its environment and matching the characteristics of the organisation to the environment.

What are the goals of operations management?

The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs.

What are strategic decisions?

2.1 Strategic decisions. Strategic decisions are those decisions that have an influence over years, decades, and even beyond the lifetime of the project. Once a strategic decision is made, it is very unlikely to be altered in the short term.

What are the five P’s of strategy?

Each of the 5 Ps stands for a different approach to strategy:Plan.Ploy.Pattern.Position.Perspective.

What are the primary functions of all organizations?

The management process consists of four primary functions that managers must perform: planning, organizing, leading, and controlling.

What is an operational decision?

Operational decisions are specific business decisions made every day within every business. There are millions of these taken – and thousands of different types. Every day business uses operational decisions to run day-to-day activities by different personnel. … Operational decisions are no exception to this definition.

What is the focus of strategic decisions?

Strategic decisions are intended to provide a competitive advantage and try to change the overall scope and direction of the company [4]. They are important for organizational health and survival [5]. In most businesses, however, strategic decision making is not about making those decisions.

What are the key components of operational management?

This is shown in Figure 1, which represents the three components of operations: inputs, transformation processes and outputs. Operations management involves the systematic direction and control of the processes that transform resources (inputs) into finished goods or services for customers or clients (outputs).

What are examples of operational decisions?

An operational decision might be the printing and distributing of discount coupons or the construction of a play area for children. Operational decisions are about the details of work that needs to be done to meet your strategic plan’s goals and implementing those details.

What are the four steps of strategic management process?

The 4 Steps of Strategic Planning ProcessEnvironmental Scanning. Environmental scanning is the process of gathering, organizing and analyzing information. … Strategy Formulation. … Strategy Implementation. … Strategy Evaluation.

What are the major decision responsibilities of operations management?

Five Decision Areas However, one can analyze the operations function using 5 major decision responsibilities: process, capacity, inventory, work force, and quality. Process — Make decisions about the physical production process, technology, and layout.

Which of the following is one of the 10 strategic operations management decisions?

The 10 strategic operations management decisions include: Goods and service design, quality, process and capacity design, locations selection, layout design, human resources and job design, supply-chain management, inventory, scheduling, and maintenance.

What is an example of a strategic decision?

Examples of strategic decisions are the layout of the storage area (i.e., shape, number of warehouse blocks and depot location), as well as the selection of storage systems, in particular the level of automation and the material handling equipment to retrieve items.

What is strategic management operations decision?

Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two.