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Career options after MBA in Operations Management

Praqtise — Sat, 05 Nov 2016 08:59:11 +0000

What is Operations Management?

Operations management refers to the administration of business practices to create the highest level of efficiency within an organisation. It involves managing materials and labour to produce goods and services as efficiently as possible. Operations include planning, organising and supervising the core production and delivery processes of a firm.

Operations management teams attempt to balance the costs with revenue to achieve the highest net operating profit. This requires utilising resources from staff, materials, equipment and technology. Operations managers acquire, develop and deliver goods to clients based on what the client wants and the abilities of the company.

PRAQTISE Fact File: According to a recent survey, the average salary for a fresh engineering graduate ranges from Rs 3 to 5 lakhs per annum. On acquiring enhanced qualifications such as MBA in operations management one can easily draw an average salary of Rs 6 to 9 lakhs per annum.

Advantages of MBA in operations management

MBA in operations management or a specialisation in a related field, such as logistics or supply chain management, allows a candidate to enter the industry by developing the requisite skill set. It also helps those already present in the industry to widen their knowledge base and push get into a business leadership role. Studying MBA in operations management offers a global perspective on industry trends and an awareness of trade regulations and political uncertainties which could impact an organisation. During the course students learn risk management, getting to grips with the industry’s inherent complexities and responding well to change.

Jobs of an Operations Manager

There are a diversity of opportunities and jobs for MBA in operations. Operations management handles various strategic issues including determining the size of manufacturing plants, project management methods, implementing the structures of information technology networks, management of inventory levels, raw materials handling, quality control, maintenance and so on.

Career Options after MBA in Operations

Supply Chain Manager

Supply chain is a holistic term, encompassing the entire process of value creation. A supply chain manager can be someone having a bird’s eye view of the company’s operations. It can also mean looking after a particular aspect of the supply chain.

Let’s talk about individuals in the roles of purchasing agents, buyers or purchasing managers. Their job requires buying goods and services for the organisation. It is their responsibility to find the superior inputs for the lowest price. They must have sharp networking skills. They are usually experienced in market aspects of particular type of commodities and know how to analyse the buying preferences of customers.

A supply chain manager is thus one of the most important members of any business entity.

Logistics Manager

A logistics manager has to work with the departments of purchasing, marketing and manufacturing. He then implements and manages those channels (both export and import) which are cost-effective. They are accountable for developing strategies for distribution and creating and maintaining contacts with logistics mediators.

Consultant

A consultant may work with a company to improve various aspects of its operations associated with logistics and supply chain management or any other department involved in the operations management. He must have prerequisite knowledge of information technology and use strategic planning to recommend operational changes. A consultant may work on global optimisation of a supply chain, selecting software and strategic sourcing. Their fundamental job is to assist an organisation in enhancing its logistics to increase the profitability.

Inventory Control Manager

An inventory control manager has to create, improve and put in place strategies that minimise costs associated with inventory and logistic. They try to increase efficiency and meet customer service expectations. It is also their responsibility to supervise the systems used for inventory management as well as any actual, physical inventory processes. The key focus areas for this profile are quality control and the smooth flow of inventory through the system.

PRAQTISE Factfile: A Snapshot of Operations Management Jobs

Sector	Company
E-commerce	Amazon, Flipkart
Automobiles	Tata Motors, Bharat Benz
Agri business	Olam, ConAgra
IT/ITeS	Infosys, Accenture
FMCG	ITC, Colgate
PSU	HPCL, Indian Oil, BPCL

The above were just some of the career opportunities available in the field of operations management. Do you know of some unique roles in this arena? Please let us know in the comments.

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Top Institutes in India for MBA in Operations

Praqtise — Sat, 05 Nov 2016 07:25:05 +0000

What does an MBA in operations involve?

Operations management refers to the area of management studies concerned with designing and controlling the process of production and redesigning business practices to create the highest level of efficiency possible within an organisation. It deals with converting materials and labour into goods and services as efficiently as possible to maximise the profit of an organisation.

An MBA in Operations degree facilitates young business minds to enter the industry by developing the requisite skill set in operations or the related fields such as logistics, supply chain management, quality control, productivity improvement or service operations, etc. It gives direction and control to the whole process of procuring materials, manufacturing the products and making sure that it reaches the market with better quality and on time.

PRAQTISE Fact File: With the recent introduction of the Make in India campaign, the critical role of operations management in the e-commerce industry has specifically made the program a prominent MBA specialisation.

Past years have witnessed a surge in participation in MBA entrance exams. MBA in operations management is one of the most popular postgraduate options amongst Indian students. A number of distinguished institutes in India offer an MBA in operations degree.

Want to know the best institutes to go for?

Here is a list of top B-schools in India offering an MBA in Operations degree:

1) National Institute of Industrial Engineering, NITIE

NITIE is one of the most prestigious management institutes in India. It distinguishes itself from its peers through its focus on industrial engineering. Any aspirant with a clear ambition of pursuing operations management must aim for NITIE. The flagship Post Graduate Diploma in Industrial Engineering (PGDIE) is highly coveted. NITIE has been churning out top-notch operations managers for more than 40 years now. It continues to be ranked among the top b-schools in India year after year.

2) Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay

Shailesh J Mehta School of Management, (popularly known as SJMSOM) is a public business school and part of Indian Institute of Technology, Bombay. It was established in 1995. The school offers a full-time degree course in management(Master of Management) It also carries out programs in areas of management for academicians.

3) XLRI-Xavier School of Management, Jamshedpur

XLRI – Xavier School of Management was established in 1949, as Xavier Labor Relations Institute, at Jamshedpur, Jharkhand. It is a Jesuit managed school and is not only India’s oldest B-school but also one of the oldest b-schools in the world. The institute started off by offering courses for management and trade unions in 1949. It is among the top institutes for pursuing MBA in operations.

4) Department of Management Studies, Indian Institute of Delhi

The Department of Management Studies, IIT Delhi, also known as DMS IIT Delhi is noted for studies in operations. The school runs a two year full-time MBA program. It enjoys the advantage of proximity to the NCR region.

5) Indian Institute of Management, Calcutta

Indian Institute of Management, Calcutta, was the first IIM to be established. It continues to be one of the leading business schools in India.

6) Indian Institute of Management, Lucknow

Indian Institute of Management, Lucknow was established in 1984 as the fourth Indian Institute of Management by the Government of India. IIM Lucknow takes pride in being an “Institution of Excellence”, as described by the Ministry of Human Resource Development.

7) Indian Institute of Management, Ahmedabad

Indian Institute of Management, Ahmedabad was established in 1961. It is one of the premier business schools in India. QS (MBA-Asian) ranking placed IIM-A at #2. It still enjoys the position of the top ranking b-school in India. Pursuing MBA in operations at IIM-A opens up a plethora of career choices.

8) Faculty of Management Studies, University of Delhi

Faculty of Management Studies (Commonly known as FMS Delhi), established in 1954 under the aegis of the University of Delhi, offers management education to the professional managers as part-time and full-time MBA programmes. FMS is among the first institutes to provide full-time MBA courses.

Are there any other notable institutes that we have missed out on? Please tell us in the comments.

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