To design, execute, implement different strategies and control product design in order to produce an efficacious result is an operational management. This operational management involves essential steps of producing goods, quality management, quality control, managing the supply chain, facilities management, product formulation and design etc. Managing warehouse, taking technical decisions, products purchasing and contacting vendor also lie under operational management. Operation management involves quick understanding and deep knowledge of several processes being observed. Simply an operational manager should be competitive enough to tackle national and international decisions efficiently. Dedication, determination, dynamic thinking and leadership skills are requisite for operational management. Knowledge of computers and practical experience add values to operational management.
For people interested in this field, a bachelor degree course after 10+2 can be pursued. But it’s highly recommended to make career in operational management after graduation by doing MBA. Operational management is a specialized branch of MBA that opens a wide path for bright future. Actually, an operational manager focuses on company’s strong pillars like, supply chain management, vendor selection, working environment, budget etc. to modify company’s infrastructure in the most optimized manner. Since this type of management has become a lucrative stream for today’s students, there are number of options with them after getting a degree from operational management. They can shape their career being an operation manager, purchasing & material manager, operation research analyst, quality assurance manager, distribution and supply chain manager, inventory manager, traffic manager, warehouse manager & distributor etc. Moreover, even a fresher can obtain very handsome packages ranging from $50000 to $100000. Also, based on your efficiency and skills, company may offer you Rs 20,000 per month to 80,000 per month. Of course, your experience will raise it higher and higher. For past few years, there have been noticed dramatic work opportunities in service sector than manufacturing sector. Therefore, operation management has emerged as a shining career for today’s youth.
Several important issues in a company like effectiveness of product, cycle of production, suitable cost strategy for manufacturing, high performance, analysis of different processes, correction of mistakes and solution of misunderstanding, time management skills etc. are handled by an expert in operation management. All areas like, Information Technology, Hospitality, Finance, Insurance, Logistics and construction require a cognizant of operation management. In India, there are several institutes that offer this course. Few among most famous are Indian Institute of Technology (IIT), Symbiosis Institute of Operations Management (SIOM) Pune, Indian Institute of Management (Ahmedabad, Calcutta and Lucknow), Operational Research Society of India (ORSI), Administrative Staff College of India, Hyderabad, MBA departments of various Universities and autonomous institutes in different states etc.
Besides regular courses offered by these institutes, online courses can also be pursued by interesting candidates. Few international institutes that provide online courses are American Inter Continental University offers BBA and MBA in operation management, John F Kennedy school of management, Harvard University etc. If one wishes so certificate programs can also be pursued from Villanova University or Davenport University. There is a course called Master of Science in Operation Management (MSOM) offered by few institutes of USA. Also Lawrence Technological University offers few online courses in operation management. Therefore, seeing a vast scope in the field, number of institutes has started courses in operation management. Students after graduation or during graduation can learn ins and outs of operation management by several different programs.
To get admission in this program, different institutes conduct their different entrance test. Among all, IIMs’ Common Admission Test (CAT) is most famous entrance. There are other Common Entrance Test (CET) based on institute you prefer.
In this modern world, globalization is spreading its wings with the passage of time. Recruiters now wish to see global qualities in individual. Operation management makes them sound globally and sharpen their skills to accelerate company’s progress. It is operation management that teaches how to convert 1 to 10 and 10 to 100 using the most of available resources.