How useful it is pursue MBA in Operations Management?

Business & Management
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Masters in Business Administration offers a wide gamut of choices for specialization which range from Marketing, Operations, Finance, Strategy, etc. Among all of them, one of the most desired fields of specialization is chosen by students in Operations Management. An MBA is Operations Management prepares a candidate for various roles available in Operations and Supply Chain Management roles offered by the company.
With increasing number of Production Units setup in India, there is always a need for Operations people who can optimize the process and help the company in achieving maximum productivity with minimum wastage. This is where the role of any operations Manager comes in wherein he plans and optimizes the process. As per a survey conducted in India, the average salary of an Operations Manager in India was found to be around 7.6 lakh/annum which is nearly 15% higher than that of Marketing & Finance graduates. Thus, the scope of progress after an MBA in Ops is wide.

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Questions for operations manager that could lead to business improvement?

1. How can we save costs while maintaining quality?

It’s not always possible to save costs while preserving quality. Operations managers have all options available to operations managers to negotiate with vendors or suppliers, designing production schedules to decrease overtime expenses, or migrating to predictive maintenance schedules.

2. What technical advances are there to assist us in controlling processes and systems?

Introduce the latest technologies to their firm to save time and money. Automation, robotics, big data analytics, and the Internet of Things are all innovations that operations managers should be aware of.

3. How can we save costs while maintaining quality?

It’s not always possible to save costs while preserving quality. Operations managers have all options available to operations managers to negotiate with vendors or suppliers, designing production schedules to decrease overtime expenses, or migrating to predictive maintenance schedules.

4. What technical advances are there to control processes and systems?

Introduce the latest technologies to their firm to save time and money. Automation, robotics, big data analytics, and the Internet of Things are all innovations that operations managers should know.

5. How can numerous sites be synergized and their performance measured?

Some companies will have several factories or locations. Operations managers must take a synergistic approach for whichever factories they are in charge of. The Operations Manager will contribute to the wider organisation and achieve constant growth by measuring performance, saving expenses, and optimising procedures across all facilities.

6. How can we collaborate with vendors and suppliers more effectively and efficiently?

Transparency throughout the supply chain will aid Operations Managers in more successfully collaborating with all third parties. Efficiency is determined well before the arrival of raw materials. Operations Managers will benefit from honest, collaborative relationships with vendors and suppliers at every stage of the process.

7. How do I contribute to the company’s objective on a daily basis?

Operations management is difficult to master because it requires equal amounts of high-level/strategic thinking and hands-on/technical execution. An Operations Manager must strike a balance between not getting lost in the weeds and losing sight of the firm’s mission and goals, and not focusing solely on the strategic and neglecting his daily responsibilities to move the company forward.

Any Operations Manager’s main goals are efficiency, alignment, and productivity. If you can’t answer all of the questions, use this list to refocus your resources and become the Operation Manager who propels your company ahead.