An operational plan is part of a strategic plan within an organization that sets out a guideline as to how we will operate practically. Its aim is to formulate a plan aimed at achieving the action and monitoring plans priory formulated. In it, there are descriptions as to the capacity needed to accomplish our targets. It also details an exhaustive plan as to how we will engage the organization’s resources, and further how to deal with risks and ensure there is sustainability in the proposed project. It however does not operate in unison but rather incorporate issues like the human capacity required, the financial obligations to be met, what risk assessment and mitigation strategies are being setup and the estimated running duration of the proposed strategy.
Outsourcing has become a key component in the production sector. Over time the same has evolved from the traditional outsourcing of materials and components to more diverse areas which have even involved that were traditionally in-house services. This assists an organization in more value adding activities as well reduce their operational risks by spreading them to the outsourced firms. This has mostly been evidenced in the logistic departments where services like warehousing, transport amongst others have taken a higher trend of outsourcing than most. However, for this to be run effectively there is to blend the central and local running of the organization thereby calling for a strategic approach to the concept.
The production sector is apparently the key to the success of the supplies and distribution sectors. To this end, the sector is supposed to be dynamic enough to vary its levels with due regards to the two departments output as well as the past forecasts which give a...
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...hemselves at the helm of great fortunes. This is because they are assured of enhanced cash flows whereas they are enabled to plan their purchases with precision. They are also at per with their client’s needs thus able to make accurate production projections. These further acts as a guide to the organization’s sales trends and is instrumental in determining the value of the organization over and above its current assets. It is also important in the determination of expected income which is instrumental in operational management. To this end, the organization realizes increased revenue, high retention of customers while experiencing lower production cost whilst still maintaining efficiency.
References
Harland, C.M. (1996). Supply chain management, purchasing and supply management, logistics,
vertical integration, materials management and supply chain dynamics.
Outsourcing simply means acquiring services from an external organization instead of using internal resources (Butler, 2000). By using outsourced resources, organizations can gain a competitive advantage by utilizing contingent staff to accomplish strategic goals without incurring the fixed overhead. By focusing on the leading edge and highly specialized skill sets, outsourcing providers can often offer higher quality services, or at a lower price than the client organization. Typical reasons for outsourcing go beyond simple contingent staffing. Outsourcing providers are able to maintain economies of scale with regard to specialization (...
The corporate and operations strategy must be intertwined (Jacobs & Chase, 2013). Operations and supply chain strategies are “the setting of board policies and plans that will guide the use of the resources needed by the firm to implement its corporate strategy (Jacobs & Chase, 2013).” Basically, operational strategies correspond to the goals of the corporation, and are how the organization plans on operating in order to on meet the goals of the larger
A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans characteristically concentrate on operational and organizational goals such as when to obtain new technology, how to meet competitive challenges, and what staffing, tools, or facilities are needed to ensure organizational survival. The mission and value statements are significant in determining the quality of a strategic initiative. Forcing the organization to look toward the future creates proactive objectives in which both short-term and long-terms plans and goals are necessary in order to succeed.
Outsourcing has been around for many years. In this paper, I will discuss some of the history of outsourcing, the good things about outsourcing, and the bad things about outsourcing. Outsourcing is important because many companies rely on it in order to get many different products and services to their facility on time and in good shape. Outsourcing is a huge part of the business industry today. Any business can be affected by outsourcing.
The necessary arrangement while running an operation can make or break the entire project. Throughout Larson’s novel, a strong requirement of this was showcased, one example being, “At this moment he and they saw the challenges in its two most fundamental dimensions, time and money, and these were stark enough,” (Larson 34). In his interview with Archipreneur, Ryan King advertised the need for a management platform when listing, “... your fees, budgets, and staff schedules to see what affect they have on your business in real time,” (Archipreneur). Proficient organizational skills are required when regarding money, as explained by, “Income and expense statement also widely known as profit/loss statement is important because it shows the profitability of a company,” (“Money Basics for
The Different Ways Organizations Can Be Structured and Operated There are four major ways a company - organization can be structured and operate. P.C.G (o) Ltd I would dare say that is structured and operates with the functional structure. In order to make it clear and understandable I am analyzing here below the four ways that organizations can structure and operate. We will observe that all four structures have there advantages and disadvantages. In order also to assist you understand better the differences of the four ways that organizations can be structured see in Page 4 & 5 Figures 1,2,3 which are the layout of the organization charts for each structure: 1.
Rao, K., and Young, R. R. (1994) Global supply chains: Factors influencing outsourcing of logistics functions. International journal of physical distribution and logistics management. Vol. 24. No. 6.
Outsourcing is a technique for companies to reassign specific responsibilities to external entities. There are several motivations for outsourcing including organizational, improvement, cost, and revenue advantages (Ghodeswar & Vaidyanathan, 2008).
Outsourcing labor and materials in a global market can significantly stretch the supply chain structure. This can have both positive and negative effects. Looking to different countries provides the opportunity to access different markets and find the lowest possible manufacturing costs. Many companies also embraced the Toyota Motor Corp. model of just-in-time inventory and other lean manufacturing techniques that emphasized speed and cost reduction (Bosman, 2006...
Once plans have been developed, an organization must address how management will be accomplishing be those plans. This involves operational plans that must flow from strategy; specify resource, time issues, and commitment of human resources. Operational plans at the lower - levels of the organization, have a shorter time horizon, and are narrower in scope (Bateman, Snell 2003 p.113). A good example of this is Wal-Mart's main strategic goal. It is to provide quality merchandise at an affordable low cost to consumers. Its operational goals focus on efficient logistics requiring technology and inventory management systems to help reduce costs so it can be passed on to the customer. Operational plans are derived from a tactical plan and are aimed at achieving one or more operational goals (Bateman, Snell 2003 p.113).
Operational planning in Management at the United Nations Children’s Fund (UNICEF) is setting out clearly the implementation of the strategic plan against specific objectives.
Strategic planning has a focus on stabilizing the current environment, and it also support the organization's business plans and goals. Strategic planning helps to implement new projects, new technology, consolidation of data centers, data warehouses, exponential data growth, cost of ownership, and resources available in an organization to assess the future requirements. Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes. Strategic planning helps to formulate the ideas about the key factors that are affecting the present and future development of the organization and the opportunities offered by the environment and the competence of the organization.
Traditional organizational Structure Is known as called a hierarchical structure is similar to a managerial pyamid where the hierarchy of decision making and authority goes from the strategic management at the top down to operational management and non-management employees. (Techrepublic, 2015) Challenges In spite the fulfilment of many Internet-based applications, health care company can look forward to face many problems as they try to apply these technologies to acquire their strategic visions. They will face obstruction to, and restrain on, organizational alter, as well as being unsure about the efficacy and effects of Internet-based applications. Opposition to alter can come from refusal of the need to alter, the lack to manage alter,
Tactical plans have shorter time frames and narrower scopes than strategic plans. Tactical planning provides the specific ideas for implementing the strategic plan. Operational plans support tactical plans and are the tools for executing daily, weekly, and monthly activities. They include policies, procedures, methods, and rules. GE has essentially grown in size and benefits since 1980’s. GE centralized financial management and strategic planning control, and practiced strategic planning management.
Planning can be used to help the organization map out a way to efficiently achieve their goals. The beginning of the planning process should include analyzing of the current situation. From this information the company can determine the goals and start to outline the steps that need to be taken to ensure that the goal will be met. Other planning activities that should be completed are determining the company’s objectives and were they want to be in the future. This will help them to choose their business objectives and strategies. In addition, the company should look at the resources that they have available and determine if they are sufficient to achieve the organizations goals.