Logistics and operation managment Essay Example | Topics and Well Written Essays - 4000 words

Logistics and operation managment - Essay ExampleIn this context, it must be mentioned that just active of the most important activities of operations and logistics caution in the present day scenario includes inventory vigilance, capacity management, and economy and scheduling among others (Harrison & et. al., 2014). All these factors and their efficacy determine success or failure for the overall operations and logistics management of any business unit (Mahadevan, 2010).Operation management is one of the most vital processes that are mingled within the operations of any particular business. It include managing the overall operations of the business in a most efficient manner with due adherence to the goals and objectives of a business. In order to have a practical understanding of this particular aspect, a study of capacity and inventory management along with forecasting and scheduling has been conducted as part of a production simulation exercise. A team of few members cond ucted the exercise. The call down of the team was Legendary.In order to determine the effectiveness of the teamwork, it will be vital to discuss about the weaknesses and strengths of the methods and approaches used to complete the process of operations management based on a given scenario. The convention i.e. legendary primarily targeted on using a simplistic scheduling approach in terminate the entire process. In this regard, it has been seen that the team intended to reduce as well as control the woo of inventory. This particular approach is deemed to be quite vital for controlling the cost of the overall operation management project. This approach or strategy of inventory management has its own strengths and weaknesses. Following this approach, the team i.e. legendary has been commensurate to control and reduce the cost of inventory management of the company provided within the given scenario. This was done with the supporter of proper and accurate scheduling of stocks