MBA Opportunities in Operations Management!!

MBA@MIT

Wondering Why to do MBA in Production and Operations Management from MIT?

Here are some of the Job opportunities:

Any candidate planning to take a professional degree in MBA Operations must consider the following questions:

• What are the Opportunities of MBA in Production and Operations Management?
• How much is the scope in MBA in Production and Operations Management?
• What after MBA@ MIT in Production and Operations Management?

If you think that there is no scope of MBA Operations managers in this age of recession! Think again!

Operations management is a business subject that deals with ensuring products are obtained in the most efficient, cost-effective manner while meeting customer standards. There are a number of possible career paths for operations management MBA grads. Operations management MBA programs are designed to help students earn the qualifications required to work as an executive overseeing company operations. In addition to the core classes typically associated with a Master of Business Administration (MBA), the operations management concentration may include courses in quality, supply chain, global operations and project management, operations planning and service operations strategy.

 Career options after MBA Operation from MBA@MIT:

Let us briefly look at the scope of MBA Operations in the context of industries;

v  Supply Chain Manager:  Individuals working in managing supply chains may be called purchasing agents, buyers or purchasing managers. Their job entails buying services and goods for the company or organization that employs them. It is their job to find the best products for the lowest price. They must be knowledgeable about various suppliers, both domestic and foreign, and the factors that may affect supply. They usually are experienced in a particular type of merchandise and know how to analyze the buying preferences of customers. With the rise in E-commerce there has been abundant demand for supply chain managers in the companies like Amazon, Flipkart, Dominos etc.

v   Logistics Manager: Logistics and distribution managers organize the storage and distribution of goods. In this role you would ensure the right products are delivered to the right location on time and at a good cost. You may be involved in transportation, stock control, warehousing and monitoring the flow of goods. A logistics manager works with the departments of purchasing, marketing and manufacturing to implement and manage supply chains (both export and import) that are cost-effective. Logistics is an increasingly prevalent term in business. It’s about getting the product to the customer in the most efficient, timely and cost effective manner. Transport and logistics managers play a key role in fulfilling manufacturers’ promises to their customers and in meeting those customers’ expectations. They are responsible for managing the execution, direction, and coordination of all transportation matters within the organization. This includes managing budgets, organizing schedules & routes, ensuring that vehicles are safe and meet legal requirements, and making sure that drivers are aware of their duties. The management of this supply chain is now recognized as one of the most important factors in making companies efficient and competitive in today’s global economy.

v  Retail Manager: The various processes which help the customers to procure the desired merchandise from the retail stores for their end use refer to retail management. Retail management includes all the steps required to bring the customers into the store and fulfill their buying needs. Retail management makes shopping a pleasurable experience and ensures the customers leave the store with a smile. In simpler words, retail management helps customers shop without any difficulty. SAM wanted to gift his wife a nice watch on her birthday. He went to the nearby store to check out few options. The retailer took almost an hour to find the watches. This irritated Sam and he vowed not to visit the store again.-An example of poor management. You just can’t afford to make the customer wait for long. The merchandise needs to be well organized to avoid unnecessary searching. Such situations are common in mom and pop stores (kirana stores). One can never enjoy shopping at such stores.

v  Purchase Manager:  A purchasing manager buys products for organizations to use or resell. They evaluate suppliers, negotiate contracts, review product quality, and often supervise purchasing agents and buyers. In smaller companies, the purchasing manager may also act as the agent or buyer. Purchasing managers are responsible for buying the best quality equipment, goods and services for a company or organization at the most competitive prices. They work in a wide range of sectors for many different organizations. The purchasing manager oversees supply chain management and procurement, possibly on a worldwide scale. They need to be good at negotiating, networking and dealing with numbers, as well as dealing with other factors such as sustainability, risk management and ethical issues. Purchasing and supply management is an important role for any business or organization. More than two thirds of revenue can be spent on buying the company's products or services, meaning the purchasing manager can make a real difference in cost saving and profit.

 

  v Chief Operating officer: A chief operating officer (COO), also called the chief operations officer, is a position that can be one of the highest-ranking executive positions in an organization, comprising part of the "C-Suite". The COO is responsible for the daily operation of the company, and routinely reports to the highest ranking executive, usually the chief executive officer (CEO). The COO is usually the second in command at the firm, especially if the highest ranking executive is the Chairman and CEO. Unlike other C-Suite positions, which tend to be defined according to commonly designated responsibilities across most companies, the COO Job tends to be defined in relation to the specific CEO with whom he/she works, given the close working relationship of these two individuals. In many ways, the selection of a COO is similar to the selection of a Vice President of the organization: the role (including the power and responsibilities therein) can vary dramatically, depending on the style and needs of the President. Thus, the COO role is highly contingent and situational, as the role changes from company to company and even from CEO to successor CEO within the same company.

v   Inventory Control Manager: It is the job of an inventory control manager to create, perfect and put in place plans that minimize costs associated with inventory but meet customer service expectations. They oversee the systems used for inventory management as well as any actual, physical inventory processes. They are responsible for inventory quality and the flow of inventory through the system.