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Operations Management Assignment

Executive Summary – Operations Management Assignment

Operations Management Assignment will be conducted on Treva Bike. Treva Bike is the most popular bike in Europe and it has started its business in 1954. It has started its business with the introduction of the Bicycle which is in the format of regular model. The success history of the mountain model that it has captured the market of UK extensively and it was selling at £149 which is huge. It has helped the Treva Bike to be market leader for 40 years. At present in the current market philosophy, the Treva Bike is able to sale for its three types of Bicycles as 106,000 units per year. The plant layout of Treva Bike …

Importance and Value of Operations Management

Operations management is a very crucial subject for business operations to maintain properly. The importance and value of the operations management in achieving the business objectives are described as follows in the analysis of the organization Marks and Spencer Ltd.

Importance and Value of Operations Management

There is a total of eleven importance of operations management

Production Efficiency

Production is the prime area of cost minimization for any company. By the proper cost calculation marks and spencer can avoid the high costing and ensure the production efficiency of their product.

Profit Maximization

The main goal of any business is profit maximization and the goal can be fulfilled by maximum sales to the customers and efficient operation management. Marks and Spencer …