#mbainoperationmanagement

Operations Management promises a bright future to all MBA aspirants; the demand for professionals in this field has constantly been on the rise and continues to grow in the same manner. The mounting need for potential talent in this field is the biggest reason Operations Management in MBA programmes is altogether a distinctive specialization. In the specialization, the candidates are taught about the technicalities of Operations Management and how this department in an organization is the most significant contributor to its success and profits. Since this is a highly crucial department of any organization, the structure of it is extensive and requires many resources with varied skill-sets to meet the desired outcomes.

There are various career prospects one can go for after an MBA in Operations Management; some of them are listed below.

Supply Chain Manager

 Supply Chain Managers, also often known as purchasing managers or buyers or agents, are responsible for assuring that the goods and services required for the organization are available whenever they are needed so that there are no delays whatsoever. Acquiring high-quality products or services at the lowest possible price is also a part of their job. In order to be an efficient Supply Chain Manager, you must be aware of different suppliers, be it domestic or international, and, you must be informed about the other factors that may cause any sort of hindrance so that the issue is escalated and resolved quickly and there is no big damage caused.

 Logistics Manager

Logistics Managers work closely with the purchasing, marketing, and manufacturing departments so as to fetch solutions that are cost-effective, to manage supply chains - export as well as import. They curate detailed strategies for the process of distribution, for creating more important contacts with logistics intermediaries.

 Inventory Control Manager

Inventory Control Managers are responsible for inventing coherent plans that reduce the costs associated with inventory management without compromising on the quality and customer expectations. Supervising systems being used for inventory management or other systems used for various processes are also a part of their job. The flow of inventory and the quality of the same entirely depends on the Inventory Control Manager.

 Project Manager

Planning of a project, procurement of the materials required for the same, and the successful execution of the project, all depends on the Project Manager. In case of any problems or glitches in any department, a Project Manager is always the concerned person to consult.

 Operations Supervisor

The Operations Supervisor has to keep a check on the routine activities of an operations unit, by defining the workflow and setting up essential schedules related to various procedures, reports, policies, workers, and more.

The demand for Operations Management professionals has been on the rise for the past couple of years. Operations Management is a crucial department in any organization and contributes heavily to its survival and success. Businesses are pacing and evolving every day, and thus, the Operations industry is continuously introducing new and advanced solutions for effective management, which creates a demand for knowledgeable, innovative, and efficient Operations Management experts. In order to cater to this demand, management institutes are perennially upgrading their curriculums and teaching methodologies. So, to be an excellent Operations Manager, it is advised that you pursue an MBA in Nashik or any other city which suits you, with Operations Management as your specialization.

Many businesses have seen failure despite having the potential, the talent, and the resources, only because their Operations department did not perform well. Earlier, a lot of people had this notion that once you have everything you need to run a business, you can succeed, but over the years, people have now accepted Operations Management as the biggest requirement for any business. Renowned organizations across the globe pay utmost attention to their Operations Management and ensure that they have proficient professionals to facilitate a robust operations process. There are various benefits Operations Management guarantees in an organisation, because of which it stands as an immensely important component of any business.

 Here are some of them -

 - Raised Revenues.  

- Improved Quality of Products or Services Offered.

- Optimized Utilisation of Available Resources.

- Customer Satisfaction.

- Enhanced Motivation & Productivity of Employees.

- Improved Goodwill and Presence of the Organization.

 Operations Management department is required across all industries and in organisations of all scales, as it involves planning, staffing, controlling, directing, and organising. From how the work is being streamlined to how the end result turns out, Operations is a vital part of the whole process. Inspiring, motivating, and encouraging the employees of an organisation is a significant role the Operations department plays. In fact, with the rapid evolution of the industry, organisations are now heavily investing in employee experience. There are a plethora of challenges this department faces, and assuring that the process is carried out smoothly for the best results is an extremely extensive task. So, professionals who are talented, trained, and proficient in contributing profitably to the Operations process and ultimately the survival, goodwill, and the revenues of the organisation.

Supply chain professionals considering a certificate in the operations field face a bewildering variety of options--as there are numerous private organizations and certifications from which to choose. There are many MBA colleges in Nashik that have begun training and certifying their students with critical operations certifications. Whatever certificate you want, you must make sure it is widely acknowledged.

 What is Certified in Production and Inventory Management [CPIM]?

CPIM is a certification course categorized under the operations management industry. It’s a professional certification offered by APICS or their authorized channel partner (ACP) since 1973. It's highly reputable and recognized on a global level as a standard in inventory and production management. So far, there are more than 1,00,000 professionals who have been certified with CPIM to showcase their commitment towards the profession.

The certification improves the professional value of an individual and also increases the earning potential to let them gain a career advantage over their peers. Interested candidates can become adept at all the essential terminologies, strategies, and concepts related to diverse knowledge areas such as the following:

● supplier planning and procurement

● MRP

● operations and sales plan

● demand management

● capacity requirements planning

● supplier relationships

● performance measurements

● master scheduling, etc.

 Certification Benefits

● Knowledge - Getting CPIM certification supports your technical and functional expertise in the field of Inventory and Production Management.

● Visibility - Your allegiance to your profession is acknowledged and apparent across the supply chain community.

● Career Growth - Improving your professional value, hiring potential, and reliability, thereby ensuring a successful career within the area of operations, production, and inventory.

● Enhanced Performance - The knowledge and skills acquired assists you to improve work performance.

● As a CPIM Professional - You may understand how to optimize inventory, increase productivity, systemize operations, improvise consumer satisfaction, and increase the profitability of their organization.

 Appearing for CPIM Certification Exam

CPIM applicants must pass two examinations in just three years to earn their certification. In every five decades, they also need to maintain CPIM designation. These professionals may prepare to sit for their exams either through self-study materials, provided by APICS or in classroom classes led by APICS-recognized instructors.

Exam applicants take their evaluations via computer-based testing at Pearson VUE test centers at places around the world. Five modules, each of which reflects Both CPIM exams contain critical topics related to inventory and production management:

 Part 1 of the CPIM exam (3.5 hours) includes:

● Module 1: fundamentals of supply chain management.

● 130 operational questions, also 20 pretest questions.

● An assessment fee of $495 to $690.

● Retake charge of $250.

 Part 2 (also 3.5 hours) comprises:

● Module 1(25 percent of the score): Strategic direction of resources.

● Module 2(25 percent of the score): Master planning of funds.

● Module 3 (25 percent of their score): Comprehensive scheduling and planning.

● Module 4 (25 percent of their score): Execution and management of operations.

● 130 usable questions, plus 20 pretest questions.

● Exam cost of $495 to $690.

● Retake charge of $250.

A big-picture look at the inroads women are making in the operations management field and what manufacturing industry must do to increase their number in employee and senior leadership roles.

The road to realizing this transformation is tough but not improbable. There are several operations management courses in India, that aims at promoting international understanding through quality education in the operations management field. Additionally, businesses are also considering women to take up senior leadership roles to fuel their supply chain innovation, improve business performance, and close the talent gap.

 Women are developing Interest in Manufacturing Industry.

With globalization and digitization upping their game, the opportunities in the manufacturing industry are also rising. The majority of manufacturing jobs created during the past few years aren't the low-paying and tedious tasks from a Dickens novel. These are industrial and high paying professions; where women excel. The Deloitte and Manufacturing Institute report stated that over 75% of women agreed that a manufacturing career is rewarding and exciting; highlighting opportunities and compensation for challenging missions as the very best reasons to stay in the industry.

 Chipping Away the Status Quo.

It'past time to overlook and shed old stereotypes regarding what type of people work in production

The great thing is that people in the industry are making this happen. They are considering the actual leadership chances for women in various fields of the manufacturing industry. Most of us know that talent development efforts such as increasing STEM (science, technology, engineering, and mathematics ) education for women are vital. But raising the presence of women in manufacturing is a "push-pull" effort - together with the"pull" responsibility lying with the businesses themselves. We can not build distribution without first creating a robust demand.

 Women are powering creativity.

In light of the dynamic markets, the supply chain innovation is significant as a differentiator. Modern client demands for more agile deliveries, more reliable service, and new products. All these requirements force organizations to embrace new technologies and create new alternatives at an accelerating speed.

Within this environment, women bring valuable viewpoints and diversity of consideration to the creative process. The market scenario, as mentioned above, requires leaders that promote and value diversity to enhance innovation.

Researchers from the London School of Business concludes when innovation is crucial, the best gender representation in teams is 50:50. Another analysis by the Center for Talent Innovation found a strong correlation between both promote growth and innovative and diverse businesses. In other words, diversity forces innovation that contributes to firm success.

 Key Takeaway: when the front end of any talent pipeline is non-diverse, leadership at the end of the pipeline will probably be less. That said, we're currently seeing rumblings in operations management and supply chain organizations. It indicates that customer pressures, mainly where the client CPO or CEO is female, may help to maneuver the diversity along where progress or personal leadership has lagged.

You must have heard that Six Sigma Certification is a crucial part of the curriculum when you pursue Operations management in MBA. Let's apprehend the fundamentals of Six Sigma with this blog.

Six sigma is famous for its learnings of quality management approach that benefits an organization or individual to eliminate or reduce the defects in services or products. It can also be understood as a group of techniques that can help you in improving the quality of end product or service.

Instead of guesswork, six sigma is more inclined towards statistical analysis to improve the processes with unknown obstacles.

 Why do we need Six Sigma?

Here's a list of significant benefits of Six Sigma Process in any industry: 

● Shorten time to market for the product or service

● Better competitive position

● Improve customer satisfaction by cutting down the cost for the organization significantly

● Simplify operations by reducing defects, rejections, and re-working

● 99.9999966% of products manufactured in six sigma process are expected to be free of errors

● It's efficient in allowing you to remove waste and inefficiency, thereby improving the customer satisfaction rate.

 History of Six Sigma

Here's a list of all significant landmarks from the six sigma history: 

● In 1970, Motorola began exploring with their problem-solving employing statistical analysis.

● After 16 long years in 1986, Bill Smith, a senior scientist in Motorola, shared the concept of six sigma to aid in the way defects are counted.

● In 1987, the Six Sigma program was launched by Motorola.

● In 1991, Motorola certified its first Black belt six sigma expert.

● In the year 2000, Six Sigma was accepted as an industry standard and likewise formulation of its training, consultancy, and implementation was done.

 What's Six Sigma Certification?

A certificate course makes sure that a Six Sigma Accredited practitioner should be subjected to the entire Six Sigma Body of Knowledge (BoK). They should adhere to a minimum standard of proficiency for six sigma and its particular accomplishment.

The Six Sigma certification has five levels as:

● White Belt

● Yellow Belt

● Green Belt

● Dark Belt

● Master Black Belt

But, it's not necessary to be six sigma belt certified in all three levels. Each individual can select the level that is suitable according to your career objectives.

 Learning objectives of This Six Sigma certifications

Listed below, are essential learning goals of six sigma certifications:

 ● Six Sigma certifications can help you improve your worth to your organization and its clientele base.

● It can support you to better client satisfaction rate and quality of product and service

● Lessens the process cycle time and consequently allows overall price saving up to 30 percent

● It empowers you to recognize and enhance requirements from the project outlining stage.

● Demonstrates how to measure product and process

● It assists you to perform data analysis and hypothesis testing.

● It facilitates possible improvement activities for the functionality of variants.

● They are the right fit to accomplish organizational objectives.

● You will acquire high grades of positions in the organization.

● This certificate training heightens your possibilities for Promotion.

● It's possible to make your current job more convenient by using the Six Sigma tools and approaches.

● Overall Business growth

Operation Management specialization in an MBA course deals with planning, supervising, and organizing in the context of manufacturing, production or the provision of services. It can be understood as a delivery focused management of all the inputs and outputs of an organization efficiently and cost-effectively. There are several career possibilities for an individual becoming an MBA grad in operation management.

Are you also planning to pursue an MBA in operations management? If yes, here are possible career options for you:

 Logistics Manager

A logistic manager operates with the departments of manufacturing, marketing, and purchasing to manage and implement supply chains. They bear the responsibility of developing effective strategies for maintaining, creating, and distributing contacts with logistics intermediaries.

 Job Responsibilities of  Logistics Manager

● Ensure all operations adhere to ISO requirements, guidelines, and state laws.

● Look over the warehouse, logistical arrangements, transportation, and customer services.

● Come up with ideal techniques for carriers, transportation, and shipping.  

● Monitor and plan all the inbound and outgoing deliveries.

● Choose the carriers and negotiate them with the contracts and rates.

● Analyze the budgets and expenditures in operations.

● Assess the performance by evaluating and updating the metrics.

 Operations Consultant

An MBA graduate in operations management may also become a consultant for an organization. A consultant helps in improving various aspects of the operations in an organization, which may be associated with supply chain management and logistics. They also will have to recommend operational changes after analyzing the current conditions of the process.

 Job Responsibilities of  Consultant

● Achieve business goals by facilitating process development

● Comprehend business challenges and find solutions for them.

● Recognize the possibilities of improvement in operational performance

● Meet client requirements and company goals by developing an effective business plan

● Achieve operational effectiveness by consulting managers and leaders

● Guide operations team on how to conduct business operations and problem-solving skills

● Developing a business plan to achieve project goals

 Supply Chain Manager

Most people perceive supply chain managers as purchasing managers, agents, or buyers. They believe that their job entails buying goods and services for the organization at the lowest price possible. They are presumed to possess in-depth knowledge of domestic and foreign suppliers.

 Job Responsibilities of Supply Chain Manager

● Keep detailed records, create reports, and deliver presentations to let the management understand the logistics.

● Assist logistics in developing production processes for new products, inventory maintenance, shipment, and delivery.

● Build trustworthy relationships with external parties, such as distributors and suppliers.

● Comprehend to legal documents such as import/export agreements or contracts.

 Inventory Control Manager

The Inventory control manager has to deal with creating and placing the perfect plan to minimize the costs of inventory and also meet the expectations of customer service. They are responsible for overseeing the systems implemented for inventory management, along with checking the flow and quality of inventory.

 Job Responsibilities of Inventory Control Manager

● Develop and design an inventory tracking system to optimize the inventory control process.

● Check the levels of raw material and supplies to determine the shortages.

● Update the daily inventory update of shipments and deliveries.

● Predict and perform daily analysis of the potential inventory problems.

● Place the order for all the new supplies to avoid the inefficiencies or excessive surplus.

● Delivering daily inventories and update the shipment details.