Exploring Operations Management: Literature Review Insights

Operation Management

Discuss about the Operations Management for Literature Review.

A growth in the modern world has not only allowed a deep rooted investigation of the present but also a prediction of the future. It is noted with a development of several theories, policies and strategies experts have largely taken to build up competency levels of the upcoming days. In addition to a focus on making an optimum use of resources and technology, nations across the globe compete against each other in building up opportunities for the future generation. As compared to the extraordinary prototypes, the professionals ensure that the future has a lot more. According to Slack (2015), an expansion of knowledge has allowed an increment of expertise and an effective know-how of operations in the world as well.

In order to understand the concept and various aspects of the future developments the video “Australia Beyond 2020” has been taken into consideration. Additionally, a comparison of the visual to two theoretical journals also proves to be helpful.

As stated by Krajewski, Ritzman & Malhotra (2013), the concept of operation management applies to all productive organizations across the world. Being a diversified topic, the aspect is recognized as one the most crucial factors that affects decision making and developmental processes. Apart from a focus on production and value addition processes, the topic highlights application of tools and various strategies. Moreover, supply chains, logistics, marketing, financing and delivery management all form part of the widely spread concept as well. It is noted that the in comparison to the present times the future will present business firms with more developed resources.

Managers in a firm often tend to work in collaboration with experts and the taskforce to study the market and further build up future scopes. Based on the video it is seen that Australian firms focus on developing an unbelievable future in every aspect of the world. Ranging from kitchens to toilets to cars to about all humanitarian aspects will undergo an extraordinary change in the coming 2020 and beyond (Booth, 2015). Being a well developed nation, Australia largely undertakes various operational plan systems to build up capabilities and make effective decisions. Despite of a certain level of risk, professionals immensely undertake reinforcements and reconstruction of ideas.

It is noted that enterprises in the nation will tend to maximize efficiency to a whole new level by the year 2020. In addition to business and profit margin increments, operational plans also support safety and environmental welfare. As stated by Ward & Peppard (2016), it is the organized systems also are responsible for a solving work issues and lend a hand towards the employees to love their job. With highly developed technology, Australian organizations will attain huge growth by 2020 and beyond (Australia Beyond 2020 S01E01, 2016).

Supply Chain and Logistics

Among the several primary functions of operational management, supply chain and logistics prove to be the most impacting features. It is noted that enterprises and experts in Australia focus on designing, planning, controlling and procurement of goals to evolve with expected results. Companies like Uber have increasingly focused on integrating technology in the business framework and thereby be able to manufacture advanced cars and develop a sustainable future. As opined by Eden & Ackermann (2013), the planning and managing processes in enterprises supports fruitfulness of the supply chain management system. The consideration of external attributes, demographic and psychographic aspects of the upcoming generation allows Australia to effectively build up opportunities that will prove to be extraordinary in the future. Further, the technological developments shall also create an augmented world of communication that not will help in creating products but also act as a backbone to developers, architects and business firms.

Another concept which has been expanding over the last few years and is forecasted to attain astonishing results by the year 2020 is the use of social and digital media. The expansion of e-commerce has changed expenditure patterns of the people which have forced companies to develop logistic systems (Australia Beyond 2020 S01E01, 2016). Australians have spent more than $20 million over the last year in online shopping. Not only will the use of drones sufficed door step delivery of goods, but also will extremely help in the health industry as well. Furthermore, Australian firms are also likely to join hands and perform in cooperation with mechanics and high tech to be able to integrate automation in the framework of their firm (Fitzsimmons & Fitzsimmons, 2013).

The concept of building up new products and their individual scopes, utilities and life cycles are an important aspect of commodity designing. It is noted that Australian companies increasingly focus on adapting to technological innovations and also take steps towards bringing ideas to life. In order to ensure a highly advanced and sustainable future, experts are likely to create goods that allow financial stability along with developing Australia as a whole. Moreover, the creation of extraordinary commodities will also ensure a competitive advantage of the nation over competing countries. As stated by Chandrasegaran et al., (2013), developing of durable goods is a great concern for business firms as well. Further, firms tend to differentiate between augmented and virtual reality to build up a highly impacting future.

Product Designing

Based on the video it can be inferred that the year 2020 and beyond largely depends on technical advancements in Australia. Starting with the introduction of the house of the future, the video lets the audience learn about the extraordinary technology. Ranging from virtual projection of recipes to smart fridges, the innovations successfully involves probably all aspects of a future generation house. Further, the customization systems in toilets, voice detection, facial recognition, visual monitoring and more powerful networks are what comprise the future homes (Ustun, Zayegh & Ozansoy, 2013). Further, the nation excessively takes into consideration creation of environment friendly opportunities as well. The development of eco-friendly cars and innovation of self driven vehicle are a breakthrough in Australia. In addition to GPS, on board cameras, radars and much other advancement the extraordinary cars also ensure safety of the passengers.

According to Ullman (2015), with a population of 13½ million, the only solution to the heightening of pollution is the electric cars. Firms like Renault, Ford, Mercedes and many other have largely taken to build up environment friendly and self-driven vehicles. Moreover, the initiative of Uber, Google and Ford to launch new taxi services and cars like the lux pathfinders might not only reduce car purchases but also develop transportation scopes by the year 2020. Additionally, it is expected that there will be an extraordinary development in network and communication (smart phone apps) will also contribute in building a better future of Australia (Australia Beyond 2020 S01E01, 2016). It is noted that companies will significantly undertake several systems and plan to successfully integrate operational planning in firms. Also, a consideration of supply chain and logistics enhancement will prove to be beneficial.

Beyond the year 2020, there will be an extraordinary change in the workplace environment as well. The integration of innovations shall not only allow expansion of communication but also interaction between colleagues. Experts in Australia significantly focus on the developing business operations for the upcoming future. In addition to the integration of monitoring systems, figure touch techs, virtual relations and the ability to crate holograms will stand out in (Rajala, 2012). Furthermore, the openness, versatility, virtual communication is expected to develop thinking abilities and capabilities of the coming generation of the nation. It is noted that the outstanding technology will also provide a never before experience in research, study, work, discovery and also gaming.

Also, the change of online shopping techniques will be a benchmark by 2020. Developing of measuring apps and several similar characteristics is what has lead to supply chain developments. Enterprises like Amazon, Dominoes and Australia Post will largely undertake door step delivery by drones. According to Cork et al., (2012), in addition to serving as anywhere paramedic system, water savior’s, shark detection materials, drones also help in taking selfies. With a integration of the advancements in the framework, the operational management plays a key role in leading the country to development. Moreover, creation of tracking sportswear, sensory techs, fitness detection systems, will contribute towards discovering unimaginable health patterns (Productivity Commission, 2013).

It is noted that with an implication of the extraordinary technologies will lead Australia to a new verge of success beyond the year 2020. Further, comparing the video with the journals articles it can be inferred that the innovations are interdependent on theoretical aspects. An integration of innovations will ensure a bright future of the new generation as well. Analyzing beyond 2020 Australia, it is seen that the innovations will not only benefit the nation but also every other part of the world. Further, the various conceptual aspects of operation management play a key role in decision making and role playing of the advancements as well. It can be concluded that with a successfulness of the ideas and full-fledged practice of them will make Australia one of the most impacting leaders in the world.

References

Australia Beyond 2020 S01E01. (2016). YouTube. Retrieved 15 December 2016, from https://www.youtube.com/watch?v=umg-0lSMO5Y

Booth, S. A. (2015). Crisis management strategy: Competition and change in modern enterprises. Routledge.

Chandrasegaran, S. K., Ramani, K., Sriram, R. D., HorváTh, I., Bernard, A., Harik, R. F., & Gao, W. (2013). The evolution, challenges, and future of knowledge representation in product design systems. Computer-aided design, 45(2), 204-228.

Cork, S., Jones, R. N., Butler, C. D., Cocks, D., Dunlop, I., & Howe, P. (2012). Towards scenarios for a sustainable and equitable future for Australia. Living scenarios for Australia to, 115.

Eden, C., & Ackermann, F. (2013). Making strategy: The journey of strategic management. Sage.

Fitzsimmons, J., & Fitzsimmons, M. (2013). Service management: Operations, strategy, information technology. McGraw-Hill Higher Education.

Krajewski, L. J., Ritzman, L. P., & Malhotra, M. K. (2013). Operations management: processes and supply chains. New York: Pearson.

Productivity Commission. (2013). An ageing Australia: Preparing for the future. Research Paper, Canberra.

Rajala, S. A. (2012). Beyond 2020: Preparing engineers for the future. Proceedings of the IEEE, 100(Special Centennial Issue), 1376-1383.

Slack, N. (2015). Operations strategy. John Wiley & Sons, Ltd.

Ullman, D. (2015). The mechanical design process. McGraw-Hill Higher Education.

Ustun, T. S., Zayegh, A., & Ozansoy, C. (2013). Electric vehicle potential in Australia: its impact on smartgrids. IEEE Industrial Electronics Magazine, 7(4), 15-25.

Ward, J., & Peppard, J. (2016). The Strategic Management of Information Systems: Building a Digital Strategy. John Wiley & Sons.