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BX2062 - Management
Operation management can be considered business practice administration for creating the highest level of efficacy within a certain organization. The labour and raw materials can be converted into working services and goods following the principles of operation management. The values of operation management can be utilized in maximizing revenue or profit from the respective business organization. This study aims at analysing the business structure and production capacity of respective energy and building material producing organization, Nextgen in Australia. This study also needs to highlight the requirement of new practices and knowledge including technological development and artificial intelligence. It needs to ensure whether the organisation follows sustainable planning, regulating, organising, supervising and controlling mechanisms in the business process. The potential issues in the supply chain management, information system, inventory management, production capacity and quality of the organisation need to be analysed critically. In addition to that, the ratio of output and input in productivity is also required to measure in terms of organisational turnover.
Justification of digital supply value chain and application
The business organisations in Australia are leaning towards digitalisation for the management of the supply chain. The present