How Marketing And Social Media Can Help Achieve MAN4FRM’s Corporate Goals

Operation management is an effective tool to channelize optimally all the activities that any organization accomplishes to meet its objectives. Sales of residential accommodation as well as construction of offices, shops and industrial building necessitates the implementation of operational management strategies in case of MAN4FRM Ltd.

Advantages: Operational Management

• Process of transformation – Operational management works as a transformation process starting from improvising the raw inputs of information along with the 5 M’s, namely man, machine, method, money and materials and end up in adding value to its final products and services. In between the input and transformation of them to final output there exists product design, product control, process planning as well as maintenance. These transformational phases if executed effectively then it raises the operational efficiency of the firm.
• Value Chain – Operational management rejuvenates the possibility of an effective value chain to persist within the organization. In case of MAN4FRM Ltd, the dealers and suppliers transfers the raw factor inputs to the factory and from there it goes for warehousing after accomplishment of the final constructions. The distribution of services regarding the shops, offices as well as industrial building takes place through deliverance of quality information to the end consumers and overall reputation that the company is being carrying throughout the years of its business.
• Planning vs. Strategy – Effective planning and strategizing the planning towards efficient implementation renders operational advantage to any form in the build environment sector. Notably, MAN4FRM Ltd, is such kind of firm which should not only think to advance itself towards future profitability but also should focus on the alternative actions that it can opt for accomplishing their objective through planning maneuver.
• Managerial Culture – MAN4FRM Ltd. requires strong program oriented management skills to monitor the wide range of variables that ensures that the projects will meet the time schedules and budgetary requirements. The importance of meeting project guidelines and deadlines are very important in case of MAN4FRM Ltd. Effective command on the operational management segment is of high demand in order to accomplish delegated tasks and maintain a track of the influential variables that are allied to the similar project simultaneously followed by scheduling, quality management, safety management and cost control.
• Organizational structure – There exists hierarchical structure in MAN4FRM Ltd based on the functional expertise from top management that works on decision making to the bottom line labor force that implements the decisions. Hence, operational management should get channelized effectively from top to bottom and vice-versa in order to ensure that the undertaken projects are moving off through the appointed timeline.

Disadvantages: Operational Management

• Risk Management – Operational management initiatives if not undertaken properly then it increases the risk related to security of men working on –sites. Proper security initiatives are of crucial need to ensure safety of the labor force along with avoiding conditions that may threaten their health. Other than this environmental damage, project delays as well as economic downturns are indirectly affected due to poor relationship with the local government, sub-contractors as well as other stakeholders.
• Outsourcing – The agility of MAN4FRM Ltd improves its service delivery based on customer needs in terms of technology as well as design as preferred by the customers. Since sometimes the functional areas gets too deeply entrenched and the customers are always not enough fragile to cooperate it is essential to outsource of some of the business activities to maximize profit as well as keep the consumers satisfied within the projected deadlines of the construction task. The aspects of outsourcing that may make operational management disadvantageous can be represented as follows:
• If enough of MAN4FRM Ltd services and product parts are outsourced to the suppliers then other rival firms may buy them and create competitive products.
• Suppliers may subtly steer the target consumer base from MAN4FRM Ltd, if they are extensively allowed to deal directly for their own business and hence MAN4FRM Ltd may lose its consumers gradually. These necessitates the fact that the operation of the services should be effective examined by MAN4FRM Ltd before outsourcing them unless MAN4FRM Ltd may get disconnected from its consumers.
• Outsourcing to multiple suppliers may reduce the leakage risk however it will enhance the managerial overhead. Moreover, there is linkage cost related to outsourcing.

Conclusion

The aspect of operational management consist of optimum allocation of resources, overseeing future requirements, planning production strategy, effectively control and monitoring of the intermediate processes in a design and cost efficient way, etc. Thus in case of a firm like MAN4FRM Ltd, operational management is not only concerned with efficiently converting labor, materials, capital and other resources into goods and services with the objective to maximize the profit of the organization but also focuses in quality control, statistical process control, human resources and their utilization followed by facility and support to target consumer base.

References

“An Operation Management Cloud Ecosystem for Smart Buildings Based on Internet of Things – IEEE Conference Publication”. in , , 2018, <https://ieeexplore.ieee.org/abstract/document/8446174> [accessed 8 November 2018].

“Google Patents”. in , , 2018, <https://patents.google.com/patent/US8966574B2/en> [accessed 8 November 2018].

“Production operation management using Manufacturing Execution Systems (MES) – IEEE Conference Publication”. in , , 2018, <https://ieeexplore.ieee.org/abstract/document/7416334> [accessed 8 November 2018].

“Supply Chain Management vs. Operations Management – Florida Tech Online”. in , , 2018, <https://www.floridatechonline.com/blog/process-improvement/supply-chain-management-vs-operations-management/> [accessed 8 November 2018].

“The Handbook of Logistics and Distribution Management”. in , , 2018, <https://books.google.co.in/books?hl=en&lr=&id=39RZAgAAQBAJ&oi=fnd&pg=PR3&dq=operational+management+disadvantages+and+advantages&ots=nItFTOyZpd&sig=ZmUcIJJzUoGVrYMLDZDXnLv9nDk#v=onepage&q=operational%20management%20disadvantages%20and%20advantages&f=false> [accessed 8 November 2018].

“US20170174472A1 – Brake operation management in elevators – Google Patents”. in , , 2018, <https://patents.google.com/patent/US20170174472A1/en> [accessed 8 November 2018].

“US9031703B2 – Operation management apparatus, operation management method, and operation management program – Google Patents”. in , , 2018, <https://patents.google.com/patent/US9031703B2/en> [accessed 8 November 2018].

“World Class Manufacturing: The Next Decade”. in , , 2018, <https://www.simonandschuster.com/books/World-Class-Manufacturing-The-Next-Decade/Richard-J-Schonberger/9781476747347> [accessed 8 November 2018].