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PRODUCTION AND OPERATIONS MANAGEMENT

The core motive of having a business is to cater to the needs of customers and to create utility. Needless to say, businesses without a proper production department can hardly survive successfully. Customer satisfaction is the core motive of the production and operations department of any manufacturing firm or unit. Companies around the world are focussed on increasing customer satisfaction in order to capture the highest share of the market and dominate it. 

Production and operations management intro

WHAT IS PRODUCTION AND OPERATIONS MANAGEMENT?

Production and operations management is about applying business organization and management concepts in the creation of goods and services. Production and Operation Managers control about three-fourths of a firm’s assets, including inventories, wages, and benefits. They also work closely with other major divisions of the firm, such as marketing, finance, accounting, and human resources, to ensure that the firm produces its goods profitably and satisfies its customers. Marketing personnel helps them decide which products to make or which services to offer. Accounting and human resources help them face the challenge of combining people and resources to produce high-quality goods on time and at a reasonable cost. They are involved in the development and design of goods and determine what production processes will be most effective. 

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CAREER OPPORTUNITIES IN THE FIELD OF PRODUCTION AND OPERATIONS MANAGEMENT

Graduates who pursued Productions and Operations management usually apply for the jobs of Operations Manager, Materials Manager, Purchasing Manager, Industrial Production Manager, Operations Research Analyst, Quality Assurance Manager, Facilities Coordinator, Logistics Manager, Supply Chain Manager, Consultant.

According to PayScale, POM is a male-dominated profession with highly satisfied professionals however one must refrain from making any hasty conclusions. Professionals in Operations management jobs earn a decent pay package as well. The average salary of a production and operations manager is around  $70,614 per year in the United States, $10,000 cash bonus per year and $7,000 profit sharing per year. However in many regions, The average Production Manager salary is $104,145 as of May 28, 2020, but the range typically falls between $89,380 and $117,800. The median salary for an operations manager in the UK is currently about £34,000 annually, which translates to roughly £2,800 each month.

Production and operations management career opportunities

The overall salary range is quite broad, though, and spans from £22,000 to as much as £53,000. An entry-level Production Manager, Manufacturing with less than 1-year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £29,282 based on 11 salaries. An early career Production Manager, Manufacturing with 1-4 years of experience earns an average total compensation of £31,750 based on 291 salaries. A mid-career Production Manager, Manufacturing with 5-9 years of experience earns an average total compensation of £36,096 based on 266 salaries. An experienced Production Manager, Manufacturing with 10-19 years of experience earns an average total compensation of £40,039 based on 301 salaries. In their late-career (20 years and higher), employees earn an average total compensation of £40,485. Hence, the salaries may differ with experience level and efficiency and work profile.

Employees with Production Manager, Manufacturing in their job title in Bristol, England: Bristol earn an average of 10.9% more than the national average. These job titles also find higher than average salaries in Hull, England: East Riding of Yorkshire (9.4% more) and Birmingham, England: Birmingham (6.1% more). The lowest salaries can be found in Manchester, England: Manchester (16.2% less).

HOW TO BUILD A CAREER IN PRODUCTION AND OPERATIONS MANAGEMENT

Production and operations management How to build a career in Production and operations management

If you want to make a career in production and operation management, you may look for M.Sc in Production and Operations Management. Usually a 2 year-long program globally, it involves learning administrative responsibilities, with time spent on the factory floor overseeing the manufacturing process, utilizing sophisticated principles of business, science, and production.  Other degree programs, such as a M.S. in Management with a production or logistics emphasis, may provide a similar education. When researching programs, candidates should look for those teaching all phases of industrial manufacturing administration, including labor allocation, production scheduling, cost control, production processes and technologies, quality control, and distribution. Some programs require a minimum GPA and admission test scores. Many also require an essay describing the applicant’s educational goals and suitability for the program. During the initial semesters, students take courses to fulfill college requirements plus courses to prepare for the production and operations management major, such as calculus, statistics, and introduction to business. Thereafter, students take courses to fulfill the major. Many programs incorporate internships at manufacturing facilities. Coursework includes:

  • Organizational planning and decision-making
  • Project and resource management
  • Quality management
  • Supply chain management
  • Operations planning and scheduling
  • Auditing and controls

Top Schools Offering a degree in

Production and Operations Management

  1. Florida International University, Kansas 
  2. University of Massachusetts Lowell
  3. Amridge University
  4. The University of Illinois at Springfield
  5. East Carolina University
  6. Minot State University
  7. Mississippi University for Women
  8. Fayetteville State University
  9. Northwestern State University of Louisiana
  10. University of Houston-Victoria
  11. The University of Texas of the Permian Basin
  12. University of Memphis
  13. University of South Dakota
  14. Dakota State University
  15. Brigham Young University-Idaho
  16. Arizona State University-Skysong
  17. Eastern New Mexico University-Main Campus
  18. Texas A & M University-Commerce
  19. University of Mary
  20. Georgia Southwestern State University
  21. Old Dominion University
  22. Northwood University-Texas
  23. University of Massachusetts-Amherst
  24. New Mexico State University-Main Campus
  25. Northeastern University Global Network
  26. University of Minnesota-Twin Cities
  27. Western Governors University
  28. Southwestern Assemblies of God University
  29. Saint Joseph’s College-New York
  30. The University of Tennessee-Martin
  31. Chaminade University of Honolulu
  32. Florida Atlantic University
  33. Dallas Baptist University
  34. Saint Leo University
  35. McNeese State University

Conclusion

Production and operations management conclusion

While these universities are top choices of students, the list is however not exhaustive. It is important to note that College admission officers heavily weigh GMAT and GRE scores when reviewing applications, and individuals who score higher will receive eligibility for a wider range of schools. University programs take these scores into account when students apply to scholarships and other types of financial aid, so high test scores can help to cut tuition costs. If you are interested in the course structure, be unafraid to go for this course. It has immense growth potential, and you will not regret it. 

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