This assessment is an individual assessment. Students will write individual reflection paper (Essay style) to apply their learning of various operational management theories and reflect the use of the...

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This assessment is an individual assessment. Students will write individual reflection paper (Essay style) to apply their learning of various operational management theories and reflect the use of the theory in different organizations’ operational process. Content: Identify an organization that you are familiar with and do the following: o Give a brief introduction of the organization’s business o Choose any two concepts from the following: • Operation’s Performance • Process Design • Supply Network Design • Layout and Flow • Process Technology • Inventory Management o Identify the ideal practices of your chosen concept. i.e-How the operation’s performance can be measured in 3 levels. o Evaluate your chosen company’s performance in comparison to the ideal practices that you have learned from the above theories (your selected two theories)
Answered Same DayJun 05, 2021

Answer To: This assessment is an individual assessment. Students will write individual reflection paper (Essay...

Parul answered on Jun 06 2021
134 Votes
Management of operations in an organization deals with business processes and practices strongly focused to ensure highest efficiency and improving profitability. Operation management includes administration of resources from employees to equipment and involves technology as well. Along with proper administration operation, management takes care of converting the inputs to efficient and effective outputs on a tactical level as well as on a strategic level. Concept of operation management aims in extracting the maximum out of the present resources in the organization for instance, employee - are they performing to the best of their capability and creating value, technology - whether technology is leveraged for producing highest efficiency, equipment and tools provided are really helping the employees to be more productive or not. Indeed, operation management is one of the fundamental areas that drive success of the organization and contributes to the bottom-line.
By the virtue of this assignment, I have selected one of the most successful retail chain in America and holds world's largest public corporation by revenue. Walmart, founded in 1962, headquarter in Arkansas, USA by Sam Walton. Over the period of 58 years from its existence, it has become world's largest retailer, biggest sellers of toy as well retailers of groceries. Walmart is also the largest employer all across the world. Organization operates its retail stores in numerous formats globally. For instance, it has discount stores, super centers as well as neighborhood markets providing all the materials at the lowest price possible. This retail store provides product range that includes both dry and wet groceries, beverages, frozen food, clothes and jewelry. Walmart business also provides photo processing service, cellular service plan and money order services. Organization provides multiple brands as well like Walmart, Great Value and Sam's choice.
· Vision - To become the best retailer in the hearts and minds of consumer and employees
· Mission - Saving people money so they can live better
· Slogan - Save Money. Live better
· Values of Walmart - Key values of the organization that guides their behavior are as follows Integrity, Opportunity, Family and Communication, Purpose and Responsibility
Business Strategy of Walmart
· Dominance in the Retail Market - This strategy explains that company needs to put effort to dominate the retail market by becoming the primary retailer that provides discount. Reducing the mark price and focus on the increased sales
· Expanding the footprints in America as well as in international geographies
· Building a strong positive brand and brand recognition. Essentially, organization follow growth by expansion in US geography as well as internationally by corporate takeovers.
· Creating a brand recognition all across and establishing positive brand image by investing in marketing through print as well as electronic media. Moreover, organization engages in partnership activities and welcomes...
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