Operations Management

Introduction

In textbooks, Operations Management is described as an art of managing people, processes and systems by streamlining activities such as procurement, manufacturing or conversion and distribution. Ironically, despite playing a crucial role in increasing the productivity and the profitability of a company, the field is sometimes misunderstood because of its multidisciplinary nature. But the fact is that operations management professionals are the jack (in fact masters) of all trades who are responsible for making the operations of a company efficient by cutting down groundless costs, without diluting the quality of the product or the customer experience. That’s why firms are always on the lookout for MBA graduates who have specialized in the domain of Operations Management. 

So, if you are one of those who have been longing to do an MBA in operations management but wasn’t sure about the prospects, then read on to know more about it. 

Why should you apply for an MBA in Operation Management?      

1. Helps in Understanding the Specific Needs of an Industry 

Students—who have earned an MBA in operations management—have a proactive understanding of the needs and requirements of an organization that helps them handle different interdepartmental activities. 

2. Incredible Opportunities 

Be it banking, construction or retail, operations management professionals are required everywhere to save a large sum of money and construct financial deals. For example, in health care, employees with operations knowledge improve performance and reduce the death rate by explaining a simple operations procedure. 

3. Opportunity to get your hands on new technology 

Whether you are taking care of operations of a clinic or making a factory floor, an operations manager often ends up using technology to solve problems. One of the best examples of the use of technology by an operations management team is delivering items using drones; driverless vehicles, such as Google’s. In tech companies, operations can play a pivotal role by bringing world-class products to market.

4. The need of the hour 

The primary function of an Operations Management professional is to turn resources into products/services, which is the main reason for the existence of any organization. Especially if you are working in manufacturing where the understanding of operations is necessary where a vast majority of a company’s money is made or lost. When it comes to banks or logistics companies, the value proposition that they [companies] offer to customers often depends on functions provided by the operations department.

Read More: Which are the most in-demand MBA specializations with highest paying jobs?

Skills Required to Pursue your Career in Operation Management 

To ensure your career in Operations Management, learners are required to have a skillset to be effective in the multitude of situations they might find themselves in. Learning about skills such as Data processing, conflict management, people management, and project management can give you an edge over other candidates in a job interview. 

Read More: 10 Essential Tech Tools for Online Management Program Students

Job Titles for MBA professional in Operations Management with Salary Package 

Off lately, companies have realized that a robust operations management strategy can play an instrumental role in reducing glitches in supply chain management, achieving the scale of economies and expanding the business in the market. That’s why organizations are hiring professionals who have gained some skills/experience in operation management to create an impact or add more value to their business.

For those who are aspiring to make a career in Operations Management, then mentioned below are some of the profiles that are worth considering: 

1. Product Manager

Right from drawing the design of the product to training the sales team and launching the product in the market while working in collaboration with the cross-functional teams, Product Managers are responsible for everything that comes in a way to launch a product. 

2. Business Leadership Associate

They work closely with the Business Heads, Subject Matter Experts (SMEs) and Business Leaders to develop action plans, manage established accounts and evaluate work to drive commercial performance, profitability and revenue growth. Monitoring the competition and taking care of the latest trends are also a part of their job profile. 

3. Operations Manager

The role of Operations Manager varies from industry to industry but largely revolves around procurement and delivery of product and services and improving the operational process. Planning and mobilization, resource forecasting, utilization management, risk management and invoice process implementation are the key responsibilities of an Operations Manager. 

4. Enterprise service manager

Liasoning with the cross-functional department, managing communication, allocating the budget keeping in mind the project scope and resolving conflicts are some of the responsibilities of an Enterprise Service Manager who manages projects within stipulated timelines. 

5. IT sourcing strategist

Related to the procurement of information technology goods and services, they plan long/short-term IT policies, act as a communicator between the IT team (internal) and suppliers (external) and undertake contract negotiations and renewals.

6. Supply Chain Functional Analyst

For this role, companies hire candidates who not only have functional knowledge of supply chain operations but also possess expertise in analytics and technologies such as ERP, SAP/Ariba, JDA, Kinaxis, PLM, etc. Doing an in-depth analysis of functional supply needs and coming up with a solution that meets the business goals is a part of their job profile. 

7. Supplier Risk Manager

Their primary duty includes evaluating, monitoring and migrating supplies in line with the compliance of an organization. Before collaborating with any suppliers, they assess the operational, information security and reputational risks. 

Final Note

Finding a management program that offers a specialization in Operations Management can be quite taxing as there a lot of parameters to judge. Great Leaning provides an excellent Executive PG Program in Management, offered in collaboration of Great Lakes Executive Leaning, that will help you build professional competencies in operations management. Mentioned below are the highlights of this 12-month program: 

  • Opportunity to learn from the leading faculty of India’s Top 10 Ranked Business School-Great Lakes and gain managerial skills to build a rewarding career.
  • Advance your career by learning industry-relevant skills. You will be able to develop an innovative mindset to respond to the ever-changing business environments & the complexities of operations on a global stage. 
  • Be prepared to hit the ground running and stand out among your colleagues through capstone projects.
  • Get supported by the dedicated learning consultants, who will help you to achieve your career aims. As a part of the Great Learning community, you will be a part of the diverse network of learners. You will have the opportunity to network and exchange ideas with fellow graduates. 

You can access the complete details of the program by clicking here.

If you think that there are some points that we have missed in the blog related to Operations Management that should be mentioned here, then feel free to write to us by commenting below. For more details about the program, feel free to call us at 08047109908 or drop your queries at executive-programs@greatlearning.in.

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