MBA in Operations
MBA has evolved continuously in last few decades. To cater growing demand of professionals of manufacturing firms, MBA in Operations was introduced and within no time graduates in MBA Operations have shown their mantle by increasing efficiency, productivity and performance for the firms they work for. However, MBA in Operations just not mean only manufacturing. It covers a list of business skills required in business, especially those engaged in manufacturing of products.
The area of operations management suits to anyone who wants to work with a wide variety of aspects like people, technology, machines, and processes. The very nature of job requires a lot of regular interactions with engineers, researchers, marketing professionals and everything other employees working for the firm. It requires a good understanding and application of prevailing manufacturing processes, quality management, process improvement concepts like lean manufacturing, six sigma, total quality management, ERP etc.
An MBA in operations exposes management students towards tackling the challenges in logistics, supply chain design and supply chain management. It also develops the skill of continuously looking for ways and means to make operating systems or processes more efficient and simpler to use, such that production cost is reduced and profit margin goes up.
Operations manager’s job is no less than a five year experienced engineer, as it involves streamlining of all manner of processes, from workflow and product development to operations across different products the company produces.
Top global b schools for operations management are- HBS, MIT Sloan, and INSEAD, which aim to broaden students’ skills in order to maximize their flexibility, analysis, and problem solving skills. Here in India, MBA in Operations management offered by IIM Ahmadabad, IIM Bangalore, NITIE Mumbai, SP Jain Mumbai and SIBM Pune are well respected across industries.
Let us discuss various aspects related to MBA in Operations in details:
For getting into a reputed B School for MBA in Operations, the process is no different from regular MBA. One has to appear for MBA Entrance Exam the college accepts like CAT, XAT, SNAP, etc and apply to the college. Short listing is done on basis of minimum cut off and short listed students are called for further process i.e. Group Discussion and Personal Interview, which results in final selection.
As the nature of work of an MBA in Operations graduate is highly technical and technological, the student is expected to be well verse with the background courses required for Operations papers. He should be able to analyse and understand business process, system process and technicalities behind working of machines and equipments. As work requires to be continuously upgrading oneself with latest methodologies for production, he should be quick learner, flexible and a people’s person. It is believed Engineers become better MBA Operations Manager as the subjects they are taught at Engineering College somehow relates to the subjects taught in MBA Operations classes. Further, good analytical skills, such that calculation and interpretation with numbers is easy for the person is very important.
Courses that one is likely to study under MBA in operations management should include Supply Chain Design (SCD), Enterprises Resource Planning (ERP), Supply Chain Management (SCM), Operations Management (OM), Data Analysis (DA), Business Analytics (BA), Advanced Logistics, Plant Design and Layout, Manufacturing Processes, Project Management (PM), Manufacturing Strategy, Product Design and Development, Operations Strategy, Data Analysis and modeling and other subjects. It involves lot of learning through simulation and plant visits, apart from regular theory classes.
These subjects ensure students are capable of handling manufacturing process and run shop floor for hours without any trouble. A student should further acquire certifications from industry like Six Sigma, Lean Manufacturing, ERP, SAP etc to become industry ready.
An MBA Operations graduate with deep understanding and experience of these papers can work as an asset to the firm they work for and improve performance drastically by application of his knowledge and skills. Coupled with knowledge of general management like Finance, Marketing, HR, IT etc. the MBA Operations manager can serve in top management level with significant experience in industry.
As we have realized so far, MBA in Operations is very broad specialization and one needs to be further specialize in a part of it. Following are two popular sub specializations of Operations Management:-
Supply Chain Management
Supply Chain Management is a vital discipline within Operations Management and is integral to daily work of any operations manager’s role. Efficiency is an important aspect of any production system and SCM ensures minimum input and maximum output leading to cost cutting and profit maximization for firm. It deals with managing company’s resources, be it monetary, human or physical resource and derive maximum performance out of them. It includes resource planning, demand forecasting and adjusting production process on based on output desired based on given constraints.
Another important sub specialization of Operations which is used on daily and regular basis by each manufacturing unit is Logistics management. Businesses face a lot of challenges in logistics and spend lot of money and man power to ensure timely delivery of raw materials at factory site and finished goods at market place. However question of cost effectiveness, data analysis and decision making requires dedicated team to ensure company’s performance. Forecasting of demand for transport vehicles, other equipments, technology and manpower is very important responsibility of an Operations Manager. He streamlines all processes into smooth way such that all movement of materials happens in timely, anticipated and cost effective manner.
Graduates in Operations Management are in great demand in industry. They have option to pursue career in different sub fields within operations like supply chain, consultancy, operations strategy, inventory control, manufacturing strategy, strategic planning, logistics planning, and many others. They can get following roles:-
- Supply Chain Manager
- Logistics Manager
- Operations Consultant
- Inventory Control Manager
- Operations Management Engineer
Entry level salary of Operations Manager is about Rs. 4 lakhs in India and increases significantly with years of experience. (Read more about salary in field of Operations at http://www.payscale.com/research/IN/Degree=Master_of_Business_Administration_(MBA),_Operations_Management_(OM)/Salary)