This sample will let you know about:
- Define Opreation Managment.
- What is Logistics and Supply Chain Managment?
Essay: An investigation on issues of New Product Development and Logistic Mix on Jaguar Land Rover Automotive Limited
INTRODUCTION
Operations management is referred to be an approach which mainly focuses upon production and distribution of products and services generated by the company. It involves optimum utilization of resources in the process of manufacturing. Supply chain management is example of assignment concerned with administration of products and services flow and involves all the activities and practices that converts raw material into finished goods (Arunachalam, Kumar and Kawalek, 2018). Logistics management is the administration of supply chain element which is utilized to mitigate demands of customers by planning, controlling and executing movement and storage of associated products, services and information from descent to destination in an effective manner. This essay is based on Jaguar Land Rover AutomotiveLimited which is a multinational automotive company of Britain. The company was established in year 2008 and its headquarters is located in Whitley, United Kingdom. The two areas of operations, supply chain and logistics management chosen for this project are new product development and process and Logistic mix. This report covers approaches like total quality management and just in time as the company faces issues in operations and supply chain management. Use of these approaches helps company in resolving the issues associated with new product development and logistics. This report covers identification of operational issues and the way it functions and supports the market. Apart from this, theories of logistics, operations and supply chain management are review and apply on issues. Application of these theories helps in resolving the operational issues. At last, solutions are provided with relevant recommendations and conclusions in this essay.
MAIN BODY
Overview of organisation
Jaguar Land Rover AutomotiveLimited is one of the leading automotive firm of Britain. It is a subsidiary of Tata Motors which is an Indian automotive company . The company was established around 11 years ago in year 2008 in Whitley, UK. The primary operations of business includes designing, development, production and sales of vehicles the bearing the marques of Land Rover and Jaguar.
Selected issues
The operational areas which are selected in Jaguar Land Rover AutomotiveLimited are New product development and process and Logistic Mix that includes networks, transportation, channels, capacity and managing inventory (Banks and Stanton, 2016).
Review of theories
There are some theories of operations management that requires to review as these helps company in managing its operations, supply chain and logistics activities effectively. Some of the theories that firm can employ are mentioned below:
Just in time: This is the management approach that aligns orders of raw material from suppliers straight away with manufacturing schedules. This strategy is applied by business entity to maximize its efficiency and declines the waste by ordering raw materials only when they are required in the process of production, thus reduces cost of inventory (Ziebart and Rover, 2014). For proper application of Just in time approach, managers of company requires to predict the demand of car accurately.
In context of Manufacturing Automobile, It works largely on the principles of manufacturing cars considering their requirement. This process begins one the order is placed by consumer to the business. Later keeping in mind the demand, raw materials and input are procured and manufacturing is done. This process will be helpful in fulfilling demands of the consumers and simultaneously avoiding wastage.
Lean manufacturing: It is the method utilize by company to eliminate the waste in systematic way from manufacturing process. Application of lean production approach helps company in determining those activities that do not add any value in the Geology Topics process so that those can be eliminated. This approach is efficient to customer relationship as it attempts to meet the needs and requirements of customers (Christopher, 2012).
Total Quality management: This is the method which is used by company in detecting and eliminating errors that occurs in manufacturing process, streamlining administration of supply chain and enhancing the experience of customers. This approach focuses of improving the quality of product by making constant improvements in practices. It is a customer oriented approach as it a ensures manufacturing of high quality products to ensure satisfaction of needs and desires of customers (What Is Total Quality Management (TQM)?, 2019).
Critical discussion and solutions to operations management
New product development is referred to a concept which revolves around conceiving and and designing a product that will help an organisation in the market. Companies are required to engage in this procedure as the preferences of consumers are changing constantly and the technological advancements and increasing market competition makes it necessary for an organisation to remain engage in the NPD process in order to maintain its sustainability in market (Christopher, 2016). By launching a new product in market, firm can gain acceptability and maintain its strong position in industry. For developing a new product, Jaguar Land Rover AutomotiveLimited requires to maintain the areas of its operations, supply chain and logistics. While manufacturing new car, company may face various issues associated with technology, pricing, sustainability etc. The organisation is launching a car in which high end technology is used and is equipped with security feature the access could be provided to other person by fingerprint scanner or connecting to mobile phones. The benefit of this high technological feature is that if the car is locked once, then an unauthorised person can not open it (Clegg and et. al., 2013). To develop this car, product development toolkit model is use by company. Highly innovative features are added in this car which reduces the chances of its theft. The model involves some phases which are mentioned below:
In planning about the car and its characteristics, quality function deployment tool is used. The company is performing market and competition analysis so as to determine the trends of market and preferences of customers (Ellram and Cooper, 2014). In the new car, Jaguar Land Rover AutomotiveLimited is adding high security feature in car by using sensors and technology. This feature provides security to customers from the theft of car as no unauthorized person can access it without the permission of its owner.
By considering the situations of market, company develops target costing strategy and set the price of car in such a manner the desired volume of sales can be attain. While setting the price of product, company may face the issue related to cost as if the cost of production is high then it ultimately impacts on the pricing of product. As the company is dealing in luxury and sports utility vehicles and has good market position, it sets a fixed price for the product. The selected target group for this car is high class people who are able to afford this car. After considering Assignment Help the various factors like quality, security and other features, the cost of product is decided. Apart from this, managers develops a cost sheet when designing the car and developing it. Various costs are taken into consideration like manufacturing, material, fixed costs etc. Principles like design for assembly is considered so that company can manufacture in more quantity. Application of such principle helps in minimising the car manufacturing cost and other costs including assembly and fabrication (Earley, 2015). As the car is equipped with high security feature, business entity makes sure that a fixed place is use to assemble parts of car. This helps in minimizing the transportation cost that incur in movement of parts from one place to another. Change in legal, social, environmental and political factors pose threat for the company that put pressure on it to create new ways of designing and developing cars. A software is use by company for assembly of parts in car.
In order to determine and analyse the probable problem or issues associated with product development cycle's reliability, FEMA (failure modes and effect analysis) approach is used so that appropriate measures can be taken on time to address the issues effectively. At the time of developing car, this tool is use by Jaguar Land Rover AutomotiveLimited. High end technology and artificial intelligence is use by company for adding security feature in it. By FEMA analysis, firm enables to determine failure modes and the measures that required to be taken for minimising the probability of failure when launching the car in market. A control plan is developed that includes set of activities which are crucial in the development process to make sure that all the activities are on track and output is in control. This plan is develop to ensure that product can satisfy the needs and desires of customers (Ganescu, 2012).
Logistics can be referred as the process of planning and implementing product's transportation and storage in an efficient way from the origin point to final point. This process aims to meet the needs of consumer in timely and cost effective way. In supply chain management, logistic mix is one of the crucial element that includes production planning, forecasting demand, inventory management, material handling, customer services, storage, transportation, packaging, after sales activities and distribution. For manufacturing new car with high security feature, Best Geology Research Topics the assembly parts are procure from such suppliers who a provides parts with high quality. The distribution system use by company is direct distributors who come in contact with consumers directly. They communicate the features of car directly to the customers in order to convince them to buy the car launched by Jaguar Land Rover AutomotiveLimited. For ensuring the reach of car to market, various transportation modes are used by firm such as roads, air and sea (Jacobs, Chase and Lummus, 2014). For managing inventory in appropriate way, operations management approaches like lean production and just in time is use by company. In order to reduce the time lag between procurement of assembly parts and implementing final production, Just in time strategy is use by firm. This supports in reducing the time of raw material sourcing.
Moreover, for minimising the overall production cost, company utilize lean production approach. This aids in eliminating wastage that incur in production process and ensure that high quality car can be manufactured. Application of this approach helps Jaguar Land Rover AutomotiveLimited to make optimum utilization of resources without compromising with the quality of car (Mangan, Lalwani and Lalwani, 2016). By utilizing the Lean production approach, company eliminates the activities that are not adding any value to production process. Company mainly emphasize on determining the customer's needs and developing products that satisfy them.
At the time of managing supply chain and carrying out production process, numerous issues are face by company including location, cost, overstocked inventories. Apart from these issues, some ethical and environmental concerns are also requires to consider by company. The issue of overstocked inventory is associated with keeping more stocked than required. Sometimes, firm keeps more stock than its actual need due to which the problem of overstocked inventory is arise. For reducing this issue, company needs to keep well stocked inventory, instead of overstocked. Firm needs to manufacture cars when there is demand for it (Rebolledo-Mendez and et. al., 2014).
The another issue associated with cost and location, firm requires to analyse all the costs associated with the production process and eliminate those which are unnecessary. It also needs to ensure that all the resources are utilize optimally so that wastage can be minimised. The cost requires to be ascertain in such a manner that majority of people can afford the car. Moreover, in order to resolve the location issue, the alternatives like relocation, setting up factory at such location where transportation cost is incur less etc. can be consider by company (Thai, 2012).
Recommendations
It is essential for a business to deal with its issues/challenges so that sustainability in the market could be ensured. Considering the issues which are faced by Jaguar Land Rover AutomotiveLimited while managing its operations, logistics and supply chain. Managers are require to consider those issues when introducing new product so that appropriate measures can be taken on time and improvements can be made in the process of new product development. In order to resolving the issues of production and supply chain, it is recommended to company that it should employ total quality management approach in its processes as it helps it in maintaining quality of its car and ensuring that the operations are performed effectively. Apart from this, in order to maintain sustainability in market for longer duration, company should adopt the ethical and sustainable practices while conducting its manufacturing and selling operations. These practices involves waste reduction, carbon footprints, waste recycling, sustainable development etc. Application of all these practices can help company in ensuring that its manufacturing operations will not harm the environment. Moreover, manager of human resource department of Jaguar Land Rover AutomotiveLimited skilled and competent professionals who are able to manage the complex issues or challenges effectively takes business to greater heights. Firm needs to ensure that raw materials should be ordered only when it is required. In addition to these, the managers must ensure that all the activities and operation are performed as the laws and set standards. This can supports in running operations smoothly and ensuring long term sustainability in market.
In order to bring enhancements in process of new product development, six sigma approach should be adopted by company. Application of this approach assists company in reducing the cycle time of production and managing its supply chain in more effective way. The dimensions of triple bottom line should be considered by Jaguar Land Rover AutomotiveLimited in order to ensure sustainability in practices of business. Values, traditions, attitudes, lifestyle, norms, behaviours of customers are involved in social factors. While developing and launching product, these factors needs to be consider by company. The economic factors like customer's purchasing power, inflation and interest rates etc. should also taken into consideration by company while setting price of product. These are the measures that can be taken by business entity for effectively addressing the issue associated with operations, supply chain and logistics management.
CONCLUSION
As per the above mentioned report, it has been concluded that logistics and new product development are the two areas of issues that are face by firm. These issues needs to be address timely so that long term sustainability can be gain in market. Moreover, in order to reducing the waste and improving quality of product, company requires to adopt operations management approaches like six sigma, lean production, total quality management etc. all these will assist organisation in maintaining quality of its products and ensuring sustainability in market. Managers are also requires to consider the dimensions of triple bottom line which includes social, environmental and economic aspects to make sure sustainability in its business practices. The attitudes, behaviours, traditions and values needs to be consider by organisation in order to run its business successfully and attain success in market. Apart from this, company requires to offer products to customers as per their needs and preferences in order to satisfy them. The second aspect of triple bottom line is economic factor that highly impacts the purchasing behaviour of customers. Company needs to consider this factor and set prices of products accordingly. The environmental factor is the most crucial one as customers are more concerned towards environment and companies requires to perform their operations in such a manner that it will not harm the environment.
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