How Does A Course In Operations Management Offer Competitive Advantage
Operations play a very important role in any business in today’s highly competitive scenario. Hence, companies focus on an efficient Operations Management system in place for the business to thrive and shine. Differentiation, leadership, flexibility, and empathy are some of the major traits that an operations manager is expected to possess.
Every general manager has room for improvement and so is the case when it comes to operations manager. Keeping this in mind, IIM Nagpur has introduced the Post Graduate Certificate Programme In Operations Management (OMP) for professionals who are looking to excel in this field by polishing their skills. Before moving ahead with the details of this programme, you need to understand how a course in operations management offers a competitive advantage.
Operations Manager with a Difference
Need & Role of Operations Managers
A Glimpse of Operations Manager Salary
Benefits of Operations Management Course
Operations Management Programme by IIM Nagpur
Key Highlights
Most industries need operation managers. These include manufacturing, retail, healthcare, IT, financial institutions, etc. The important responsibilities of an operations manager is to make his job role indispensable for the company.
Once you complete a specialised and advanced operations management programme. Your chances of earning a high salary and job promotions get enhanced.
Need & Role of Operations Managers
An operation manager is the one who deals with anything, and everything related to operations i.e., manufacturing and production processes and more.
He is the one who plans, controls, and monitors every step in all the key areas for smooth business operations from supply chain to inventory management and to quality management, lean management, sustainability, etc.
It is because of the operation managers that production and manufacturing in a company runs smoothly. He is the one who facilitates timely deliveries and the formulation of future production plans.
Product quality is also something that makes a company worth looking out for. Quality is of utmost importance to the consumer and if the quality is compromised then the business may start dealing with a drop in consumer engagement which leads to heavy losses. Quality management is also one of their key functional areas.
They also perform a market analysis to understand market trends and demands and stay competitive in the market.
To carry out efficient operations management, a general manager may also need to look after staffing in a controlled manner to ensure maximum productivity. Reducing operational costs, creating departmental budgets, overseeing expenses are also his forte.
Customer satisfaction is the key to any successful business and managers here play a very crucial role. They aim at best quality with the most competitive pricing in the market which attracts customers and keeps them satisfied.
A Glimpse of Operations Manager Salary
Look at salaries you can expect.
Operations Manager salary ranges from ₹2.5 lakhs to ₹18.7 lakhs based on experience and expertise.
Average Operations Manager salary in India as given on some top sites are:
As per Payscale.com, it is ₹7.5 lakhs per annum
As per Glassdoor.co.in, it is ₹9.0 lakhs per annum
As per Ambitionbox.com, it is ₹7.0 lakhs per annum
A Team Lead in Operations can expect to earn between ₹2.2 to ₹10.0 lakhs. His average salary would be ₹4.6 Lakhs.
An Assistant Manager Operations can earn a salary in the range of ₹2.8 to ₹12.0 lakhs; his average salary being ₹5.5 Lakhs.
Benefits of Operations Management Course
Planning and executing projects efficiently - With advanced learning, an operations manager can carry out his roles and responsibilities efficiently. He knows how to study market trends to set future goals and predict the potential risks that a business might face. Planning ahead results in greater efficiency of projects and business. It also helps a company to meet deadlines and achieve its goals more accurately and efficiently. Join IIM Nagpur’s Operations Management programme to learn key aspects like Process Flow and Capacity Analysis, Project Analysis, Project Execution Planning and Risk, etc.
Devising operations strategy - Knowing about operations strategies certainly makes an operations manager well-equipped and prepared. He must be adept in devising strategies related to market penetration, engaging customers, and other key facets. The strategies act as guidelines for executing the company’s operations and processes diligently.
Most operations management certificate programmes usually cover this aspect in detail so that one can make strategies aimed at Quality, Efficiency, Timeliness, Customisability, etc. IIM Nagpur's operations management programme covers all of this and more.
Improving supply chain - Supply chain is the heart of any production unit. A production unit without a strong supply chain is like a chef without a sharp knife. It is the responsibility of an operations manager to improve and maintain the quality of the raw material, and its transportation time should be as less as possible because any delay in the supply of raw materials will hamper the entire process of production. IIM Nagpur’s programme covers everything about supply chain management in a detailed Module called ‘Sourcing and Supply Chain Coordination.’
Applying analytics in day-to-day operations - Operational Analytics uses data from production to warehouse and other aspects of operations management to draw intelligent conclusions for effective decision making. Analytics in Operations Management aims at using accurate data, advanced tools, and techniques to address various pain points and enhance profitability. Gathering data is an important part of this. Here operations managers are required to use data and make an effective action plan.
Proper planning and formulated strategies by an operations manager result in optimum utilisation of resources. Wastage is decreased and resources are used in the best possible way to achieve maximum efficiency. All of this can be achieved by detailed analytical research daily by studying records. The operations management online course by IIM Nagpur has a separate Operations Analytics module that includes Correlation, Covariance, Hypothesis testing, Analysis of Variance, Regression, Linear Programming Problems, Descriptive, Predictive, Prescriptive Stats, Artificial Intelligence/Machine Learning, and Revenue Management.
Operations Management Programme by IIM Nagpur
This programme is formulated to help working professionals advance in higher operations management roles by acquiring the required industry knowledge. It helps to recognise the importance of operations management in ensuring competitive advantage to a business in the market. It teaches alignment of operations with overall annual strategic planning. Another aspect this programme covers is to apply operations analytics in day-to-day operations. IIM Nagpur OMP focuses on simulations, industry-focused case studies and activities under the guidance of the top-notch faculty of IIM Nagpur.
Key Highlights of IIM Nagpur OMP Course
Upskills candidates in all the key aspects of Operations Management functions
Equips them with advanced knowledge to help them work efficiently
Teaches the latest concepts, such as Operations Analytics & Industry 4.0
Equips them with a certification that will enhance their growth prospects
Enhances confidence to explore better opportunities in the industry
Helps them know how to apply metrics to track and improve operational performance
To know more: https://executive.timespro.com/blog-detail/how-does-a-course-in-operations-management-offer-competitive-advantage/
