Analysis Of Six Sigma, Total Quality Management And Just In Time Manufacturing

Operations management focuses on carefully managing the whole process to produce products or services carefully. Using strategic operations management in today’s companies along with operations management makes business operations efficient in terms of utilizing resources has become as necessary and effective in terms of gathering customers’ needs. Strategic operations management often includes considerable measurement and analysis of internal and external factors based on strategy formulation and proper implementation process of a business organization. Many organizations use techniques that can improve efficiency and effectiveness of their organizations, and will ultimately increase long term sustainability and competencies of their company. Such techniques include Six Sigma, Total Quality Management (TQM), and Just in Time. These techniques play a vital role in the strategy and success of many companies, and they deal with disciplined, data-driven approaches that eliminate defects, encompasses a set of management practices geared to ensure the organization consistently meets or exceeds customer requirements, thus saving the company time and eliminating waste. These complementary elements of an integrated strategy are aimed at improving competitiveness.
Operations Management Operations management comprises those areas of …show more content…
The main objective of Just In Time manufacturing is to save the manufacturer money. A manufacturer who uses Just in Time manufacturing believes that having an inventory of raw materials is a waste (Business Knowledge Source, 2010). A manufacturer can spend a lot of money purchasing inventory for it to just sit and take up space. This strategy could be detrimental to a company’s profits and bottom line as the manufacturer will have money tied up in an inventory of raw materials and paying for the space to house the inventory (Business Knowledge Source,