Operations management is the regulation of business practices and operations to maximise organisational efficiency. It forms the most important component and aspect of any business. The person in charge of the operations department is responsible for ensuring the quality and output of the product in the manufacturing facility and the regulation of the processes involved to maximise the organisation’s profit. Future prospects for graduates with an MBA in Operations Management are expanding with industry advancements, and new opportunities in the sector will keep increasing in the years to come.
The MBA in Operations Management programme aims to spread information about the working of an organisation and the development and administration of resource capabilities employed by a company to produce goods or services. MBA in operations management scope is very high because this programme prepares students to take on difficulties in supply chain management and logistics. Students who complete their MBA with a specialty in operations management have huge growth chances in the management and planning sectors of any corporation.
Operations management deals with a variety of duties connected to commercial concerns, including forecasting, product designing, supply chain processes, inventory, maintenance, and quality control. Individuals are usually hired for roles in resource management and operations handling. Another important reason behind the popularity of this career field is an MBA in Operations Management graduate’s handsome salary package. The average salary of an Operations Manager in India is around ₹ 7.5 LPA.
Objectives and applications of Operations Management
Many top recruiting companies offer excellent opportunities to MBA candidates with the Operations Management specialisation.
The major objectives of Operations Management are:
Customer service: The main goal of operations management is to use organisational resources to provide goods and services that meet customers’ expectations by delivering the “right thing at the appropriate price, place, and time.”
Resource Utilisation: Another important goal of operations management is to utilise the organisation’s resources as efficiently as possible to meet the standards and customer demands.
In operations management, various inputs, including the capital, labour, material, machinery, and information, are integrated and used to create output in the form of products and services. The organisation measures several process points and compares them to the established standards to determine whether corrective action is necessary.
Applications of operations management are:
Operations management is the decision-making and problem-solving method followed during the creation of goods and services. It involves all the processes while producing goods which entails planning, organising, coordinating, and controlling the resources required for the production of the goods and services of a company. Operations management has a wide range of applications..
Project allocation and distribution:
- Allocating resources, such as people, materials, machinery, time, and money, to projects in the best way possible.
- Selection and use of the appropriate personnel.
- Project planning, oversight, and management.
Planning for production and facilities:
- The choice of factory size and location.
- Calculating the approximate number of facilities needed.
- The creation of projections for the different inventory products and the calculation of reasonable order quantities and reorder points.
- Scheduling and ordering production runs using the appropriate machine allocation.
- Selecting a warehouse location.
- Decisions about maintenance policy.
Career after MBA in Operations Management
The operations of any firm or business depend on efficient operations management, including product quality and pricing. The knowledge of maximising resources, products, policies, design flows, establishing the supply chain, and logistics concerning the product will be taught to students studying in an MBA in Operations Management programme. Individuals with an MBA in Operations Management degree can easily apply their skills and experience to help organisations achieve their goals.
There is an availability of various jobs in operations for freshers in the field. The subfields of operation management, including retail, hospitality, logistics, transportation, construction, financial institutions, information technology, management consulting, and others, are where individuals can develop their careers. Some of the common job roles offered to individuals with this specialisation are:
- Supply Chain Manager
- Logistics Manager
- Inventory Control Manager
- Project Manager
- Operations Manager
People specialising in operations management in their MBA programme are more prepared to face issues in supply chain management, design, and logistics. Operations management deals with a variety of strategic concerns, such as deciding the size of industrial facilities, project management techniques, and putting information technology networks into place. Other operational concerns include work-in-process levels, raw material acquisition, quality control, material handling, maintenance procedures, and inventory management.
Here are the various job roles that you can land after an MBA in Operations Management
The Operations Executive is the office team member who directly controls operations and facility upkeep. Although the Operations Executive typically has direct access to senior management, they can report to numerous departments within the organisation, including the Facilities Executive, Chief Financial Officer, or Chief Operations Officer.
The following duties are part of the Operations Executive role:
- Interacting with senior management to establish strategic, operational objectives.
- Creating long-term strategic plans to accomplish strategic goals.
- Creating and managing the budget for the organisation’s financial, operational and capital projects.
- Monitoring the performance of internal and external service providers in terms of operations.
- Monitoring the state of the facilities and performance of the environment, suggesting or approving funding amounts and spending schedules
- Creating an environment at work that encourages productivity.
- Keeping an eye on occupant contentment.
- Keeping an eye on rehabilitation and construction projects.
- Tracking performance indicators.
- Obtaining clearances and notices and responding to them.
The average salary of an Operations Executive in India is ₹ 2.6 LPA.
Area Operation Manager
The Area Operation Manager controls and successfully manages labour, productivity, quality assurance, and safety standards as developed and set for the operations department. They manage overall operations processes. The Area Operation Manager represents the corporation in governmental matters. They are usually in charge of the areas of information management, business processes, improved management reporting, and system expansion, improved operational procedure, systems, and principles. They fulfil their supervisory duties in accordance with the company’s rules and relevant legislation.
Some of the duties and responsibilities of an Area Operation Manager are:
- Interviewing, choosing, and hiring employees.
- Training new and existing employees.
- Planning, allocating, and directing workflow.
- Authoring and discussing performance appraisals with employees to motivate and reward employees.
- Addressing employee performance and corrective action plans.
- Coordinating with the director to plan the company’s budget.
The average annual salary of an Area Operation Manager is ₹ 7.1 LPA.
A Deputy Manager is a senior executive who works in an organisation directly under the manager and supports the manager in carrying out their responsibilities. Deputy managers support the creation, development, and implementation of numerous firm initiatives and programmes. They collaborate with other divisions to guarantee efficient business operations. Additionally, they communicate with senior management before making important choices pertaining to numerous departments. Their precise role and responsibilities may change depending on their function and the organisation they work in. For instance, the duties of a Deputy Manager employed by a marketing firm will differ from those of a Deputy Manager employed by a bank. The salary package will also vary based on the organisation and work sector. The average salary of a Deputy Manager in India is ₹ 7.2 LPA.
Operations Managers are in charge of all levels of an organisation’s operational activities and are also responsible for hiring, training, and overseeing quality control initiatives. An operations manager develops a process improvement strategy to guarantee that everyone completes their job on time. The average salary package of an Operations Manager is ₹ 7.5 LPA.
General Operations Manager
The General Operations Manager manages several departments or locations while planning, directing, or coordinating the activities of public or private sector organisations. The General Operations Manager creates policies, manages daily operations, and plans the use of materials and human resources. However, these duties and responsibilities are too varied and general to be categorised in any one functional area of management or administration, such as personnel, purchasing, or administrative services. The average annual remuneration of a General Operations Manager in India is ₹ 18.5 LPA.
A manufacturing plant’s operations and processes are under the control of the Plant Manager. To consistently maintain good performance and production entails managing and coordinating everyday tasks.
Other responsibilities of a Plant Manager include:
- Make sure corporate policies and procedures are followed.
- Helping new workers get settled in.
- Giving employees access to training and educational resources.
A plant manager’s professional growth could lead to a directorship or executive post, depending on the business. The average annual remuneration of a Plant Manager is ₹ 10.6 LPA.
Manufacturing consulting’s role is to advise on and implement manufacturing initiatives from the sales floor to the boardroom. Manufacturing consultants take a holistic view of the business, ensuring that all operational functions are understood and acknowledged. The goal of a Manufacturing Consultant is to offer clients answers for their evolving business demands. The scope of the engagement is extremely flexible and may involve developing the fundamental strategy, implementing it on a big scale, optimising processes, managing change, and introducing new technologies. The average salary package of a Manufacturing Consultant is ₹ 16.3 LPA.
Some popular hiring companies
Top companies that hire candidates with an MBA degree in Operations Management are:
- ICICI Lombard
- HDFC Bank
- Casting Networks
- Optum Global
Online Manipal’s MBA programmes allow you to dream big
Manipal University Jaipur is a NAAC, A+ accredited institution that offers UGC recognised MBA courses to applicants. The online learning platform, known as Online Manipal, provided by Manipal University Jaipur, enables students to enrol and complete courses online from anywhere in the world. Online Manipal’s online MBA programme gives you all the exposure you need to thrive in your career. The programme will help you in honing your skills to become a skilled professional. The course mainly focuses on developing the managerial and critical skills of the candidate. The course has many case studies to help candidates better understand the concepts of the programme. Online Manipal also provides placement assistance and provides free access to courses on Coursera. Thus, Online Manipal’s intricately designed MBA programmes allow you to dream big and land your dream job.
Operations management forms one of the basic components of businesses. Careers in operations management are thriving in today’s time with the requirement for more skilled people in operations management. Many UGC-recognised institutions offer online MBA degrees with multiple specialisations to individuals interested in advancing their careers in a particular field. Manipal University Jaipur is one such esteemed institution that offers a variety of online degree programmes in various fields.
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