Question 1

What is meant by operation management in MBA?

Accepted Answer

Operations management deals with the planning, organising, and supervising of the design, development, and delivery of goods and services. It optimises operational processes to improve performance, boost productivity, and maximise profitability.

Question 2

Who should do an MBA in operations management?

Accepted Answer

An MBA in operations management is perfect for business owners, entrepreneurs, and working professionals with one to five years of experience. Besides, freshers with a bachelor's degree interested in planning, managing operations, managing customer relationships, analysing market requirements, and meeting customer expectations can pursue an MBA in operations management after graduation.

Question 3

Which MBA has the highest salary?

Accepted Answer

The highest-paying MBA concentrations include operations management, human resources, marketing, finance, healthcare management, and information technology. However, the salary depends on diverse factors such as skills, experience, location, and industry.

Question 4

What are the job roles after an MBA in operations management?

Accepted Answer

After doing an MBA in operations management, one can secure the following jobs: operation manager, production manager, production manager, inventory manager, purchasing manager, distribution manager, supply chain manager, quality analyst, plant manager etc.

Question 5

Is an MBA in operations management worth it?

Accepted Answer

The service sectors are recently showing significant growth and are expected to show an upward trend in the near future. An MBA in operations management opens up a significant number of high-paying managerial jobs, hence it is definitely worth doing.

Question 6

Is operations management and project management the same?

Accepted Answer

Even though both the job roles have similar responsibility, the main difference between operation management and project management is their duration. An operation manager handles an ongoing and continuous task, whereas the project manager handles projects of a limited time period. Therefore, the key difference is that project management is more of a temporary nature.

Question 7

What is the syllabus of operations management?

Accepted Answer

The syllabus of an MBA in business operation includes subjects like business policy and strategy management, international business management, Human resource management, marketing research, sales and distribution management, finance management, information technology (database management system analysis and design communication), and Operations/ material management etc.

Question 8

Does operation management include statistics or maths?

Accepted Answer

Under MBA in operations management, a significant portion deals with finance, financial market, managing finance, etc. Therefore, even though there might not be a direct inclusion of maths or statistics, some derivatives of theirs can be expected in the course. On that note, the candidate has to have a basic knowledge of maths to pass the MBA entrance examination.

Question 9

What is the importance of an operation manager in an organisation?

Accepted Answer

The role of an operation manager primarily includes three major sections: planning, controlling and supervising. Operation managers are responsible for different manufacturing and production processes and service deliveries of an organisation. Their role is highly important for a business as they help boost efficiency and help prepare the deliverables on time. Hence, they play an utterly important role in a company’s functionality.

Question 10

What are the sectors where I can get a job as an operation manager?

Accepted Answer

There is a long list of sectors where a candidate can secure their place as an operation manager. Some of the top categories on that list include MNCs, Manufacturing and retail companies, the Healthcare industry, corporate industry, reading companies, the Hospitality Industry, the insurance sector, the information technology industry, the Construction industry, warehousing, E-commerce business etc.

Question 11

Do operation managers have to travel?

Accepted Answer

In a profession like operations manager, the candidate may have to work several times outside the standard business hours. Travel can be a large part of their job role. However, it differs among companies. If the company has multiple branches, then the chances of travelling are higher.

Question 12

Offline vs online, which MBA in operations management is better?

Accepted Answer

It entirely depends on the candidate. If the candidate is a fresher to the industry with no such prior experience in the corresponding fields, it will be advisable that they opt for the offline MBA program. However, candidates can go for an online MBA program if they have significant prior experience in a related industry. This way, they can continue their jobs alongside their studies.

Question 13

Will operation management become automated in the future?

Accepted Answer

With the rapid growth in technology, it is expected that a large portion of operations management will become automated. Some of such changes include better inventory monitoring and managing systems, use of drones, entry keeping etc. These automated functions would significantly help in resolving the issues faced by operations managers on a daily basis.

Question 14

What is the average salary of an MBA in operations?

Accepted Answer

An MBA in operations can help secure multiple roles, including operations manager, area operations manager, logistics manager or general operations manager. Salaries can vary based on the job role. However, the average salary of these roles can be Rs. 11 lakhs per annum. This amount is also influenced by the years of experience and location.

Question 15

What are the responsibilities of a plant manager?

Accepted Answer

A plant manager has to deal with a plethora of responsibilities, some of which include directing and coordinating daily operations of the plant, overseeing all the levels of staff and their performance, ensuring company policy and regulations are followed, and developing processes that can increase the productivity of the plant workers, providing necessary training to the staff, monitoring that the equipments are working well, repairing or replacing the broken equipment, and screening, interviewing and onboarding new staff.

Question 16

What is the best path to becoming a plant manager?

Accepted Answer

To become a plant manager, the candidate has to have a bachelor's degree followed by a master's in business management or administration. They should have a work experience of at least three years as plant supervisors and one year of experience in production/ marketing/ safety. The candidate should also have good communication and leadership skills, time management, and critical thinking.

Question 17

Is the purchasing manager and merchandiser the same?

Accepted Answer

A purchasing manager takes responsibility for sourcing types of equipment or goods and managing the vendors. They are also known as purchasing directors or supply managers. On the other hand, the merchandiser manager is an individual responsible for analysing the profitable sources and curating the company’s products that can be further used for promotion. Therefore, the job roles might seem closely identical, but their ultimate motive is different; hence they are not the same

Question 18

What are the issues an operation manager faces through inventory control?

Accepted Answer

Inventory management can be a hard task, and some of the most common issues faced by an operations manager to do inventory control would include identifying and locating warehouses, delay in tracking due to over dated tracking technology, not getting accurate data, constantly shifting customer demand, hence obsolete inventory, difficulties with problematic stocks such as perishable and fragile stocks etc.

Question 19

Is doing an MBA in 2024 worth it?

Accepted Answer

As time goes by, the market competition is only getting higher. However, the economy is expected to stabilise compared to 2022. Hence there could be a chance of getting a better placement. In such circumstances, having an MBA from a great B school could be a bonus. Nonetheless, getting an MBA from a well-recognised university will be advisable.

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