What is Operations Management?
Operations Management refers to the administration of practices in an organisation which emphasizes high-quality production of products and services. The fundamental purpose of an Operations Management department is to attain the highest level of efficiency through optimum utilisation of available resources, budget, time, and more. This department is responsible for all the major strategic decisions which have long-standing consequences concerning the organization’s success, profits, and future.
The fact that Operations Management contributes heavily to an organisation’s long-term survival is the key reason behind the increasing demand for professionals in this field. Individuals from diverse sectors are opting for an MBA in Operations Management, and mainly because of the bright future the industry depicts.
Requisite Skills for Operations Management
Operations is a crucial department of any organization as its overall performance depends on how the processes are implemented, how effectively the resources are working, how the budget is being managed, etc.- all of which is a part of Operations.
In order to comprehend the principles of business management completely and acquire proficiency in the same, it is imperative that an individual develops specific skills within oneself. People who have a knack for perfection & detailing are usually the ones who succeed profusely in this field and face minimum difficulty in augmenting the requisite skills. Specific skills that should be present in Operations professionals are -
●powerful and persuasive communication skills
●robust decision making & critical thinking skills
●immaculate organisational & planning skills
●stimulating leadership skills
●cogent budgeting & negotiation skills
●the art of working collaboratively in a team.
Renowned Certifications for Operations Management
CPIM stands for ‘Certified in Production & Inventory Management’ and is recognized as the potential standard for global competence across the world. CPIM is a part of many curriculums of MBA in Nashik and across other cities of India. This certification increases the knowledge of an individual and builds significant competencies within them; required for successful internal processes and customer satisfaction.
Six Sigma Certification
Six Sigma refers to a set of tools, techniques, and methodologies designed for process improvement. This certification focuses on training individuals on how to identify and eliminate intrinsic loopholes in any business process, product, or service. Six Sigma adds value to one’s capabilities and improves the analytical acumen of professionals which eventually affects an organisation’s operational performance. The martial arts belt structure is followed to identify one’s expertise in training and application using the following colours - White Belt, Yellow Belt, Green Belt, Black Belt, and Master Black Belt.
In the current business-oriented world, SAP is known to be one of the most popular certifications for a professional aspiring to enhance one’s credibility. SAP training aims to develop competencies within the students required to manage financial assets, personnel, production material, budgets, sales and distribution, and more. This certification consists of various modules, and the eligibility is dependent on the course an individual is interested in or wants to pursue.
So, in order to excel in Operations Management and understand the same completely, you must have a knack for perfection and detailing, develop specific skills related to communication, decision making, planning, budgeting, etc. and acquire expertise & knowledge through certifications such as CPIM, Six Sigma, and SAP.