There are certain functions that are common across industries and companies. Operations forms one such pillar. From procurement of raw materials for manufacturing till supplying the finished products to the end user, operations management takes care of all the aspects.
Operations management includes-
- Managing supply chain and logistics
- Handling production and product quality
- Developing long term relations with vendors and suppliers
- Keeping track of inventory
The above list is not exhaustive as operations entails a lot more than these tasks. Operations is as important for a business to flourish as much as getting enough funds.
Now if you have made up your mind to study Operations Management in you MBA, below are a few colleges that run a top operations course in the country-
- XLRI Jamashedpur
- IIM Bangalore
- IIM Kolkata
- NITIE Mumbai
- SPJIMR Mumbai
Apart from these Indian Colleges, if you are willing to study abroad, here are the top 5 colleges in the world that have the best operations management course-
- MIT Sloan
- Tepper Business School, Carnegie Mellon University
- Ross School of Business, University of Michigan
- Stanford Graduate Business School, Stanford University
- Krannert School of Management, Purdue University
If this field interests you and you wish to opt for Operations in you MBA, then here are 4 job options that just might be what you are looking for-
Inventory Control Manager
An Inventory Control Manager is responsible for directing the company’s inventory control and inventory record accuracy programs that include the execution of inventory management strategy. They oversee each and every shipping and receiving operations. It also includes interacting with the personnel involved in various functions like material planning, warehousing, inventory control, master scheduling, receiving and shipping, etc., ensuring compliance with all the needs of the internal as well as external customers and the organization’s facility system. They are basically the company’s go-to person for all things inventory.
Their work, however, is very demanding from a physical point of view. Individuals opting this career path should be able to perform well under pressure as there many deadlines to be met and often not enough time. A plus of being an Inventory Control Manager is that it takes you places literally- the job description involves a lot of travel often to meet the suppliers and vendors.
Supply Chain Manager
A supply chain manager is someone who is responsible for the management of equipment, hardware, and other logistical details of a company, or a company’s division. They are often referred to as Purchasing Managers.
The U.S. Bureau of Labor Statistics (BLS) predicts that purchasing managers will see slow growth of 4% from 2018-2028, although some sectors may see faster growth in jobs. Purchasing managers made a median yearly wage of $118,940 in 2018.BLS 2019
A SCM needs to be well-versed with process management and development to have an adequate understanding of how the company functions.
The work place of a SCM is typically a business office environment. Mostly they are seated close to the production or manufacturing unit they oversee.
Operations Research Analyst
A company hires an Operations Research Analyst to improve their business practices by studying cost effectiveness, labor requirements, product distribution and other factors involved in their day-to-day operations. Operations Research analysts are high-level problem solvers who use advanced data techniques like data mining or modelling to come up with solutions that help businesses and organizations operate more efficiently and cost-effectively.
An OR Analyst can be hired on contract basis or he/she may be a part of a full-time team. They are found in almost every company across sectors.
An operations manager fills a pivotal role in a business, government or other organization. The precise tasks of an operations manager depend in large part upon the nature and size of the company or organization. A business operations manager plans and organizes the activities of a business, government agency, and non-profit organization. He/she is also responsible for reviewing budgetary information, monitoring expense reports, coordinating educational assignments for staff, interpreting financial data, and performing cost-benefit analysis on internal programs among other duties.An Operations Manager finds his/her need in almost every industry from healthcare to construction.
Aside from the above-mentioned job roles, there are many others. Some noteworthy mentions are-
- Plant Managers
- Process Managers
- Area Operations Manager
- Technical Operations Manager
- Operations Management Engineer
Of course, the said job roles do not form an exhaustive list and there are so many more roles that an Operations major individual can fit it. The field of operations forms the core of a company and is an evergreen path. If this area is of interest for you then do your research, choose your track and go out and conquer the world.