You Are Indispensable For Any Organization!
Starting a venture and making it profitable is no easy job. It takes time and it is possible only with smart work. Today you will find people starting ventures and leaving them when it fails. People who have been in the field for generations together somehow manage to pull off with their experience. It is always better to appoint qualified hands to run businesses.
What Is Operations Management?
It is connected with using capital and labour effectively to maximize profits for a company. It deals with designing the production facilities and making labour efficient and also cutting unnecessary costs for the company. Qualified professionals from the field are always in demand in big manufacturing industries.
It is a two years full time course approved by AICTE. This specialization was created meeting the demands of the industry and pgdm in operations management is very much in demand amongst students. These professionals are very essential for running the businesses and they are recruited right from the start of the project.
PGDM in Operations Management | Image Resource : channelfutures.com
Who Can Apply?
Students who have completed their under graduation from any recognized university can take up this course. They should have scored a minimum of 50% marks in their under graduation and they should also clear the relevant entrance exams and interviews to secure seats in premier institutions. Most institutes prefer students with work experience.
Their Contribution!
The professionals in this field determine the size of the manufacturing plants and they devise effective strategies to make the whole process effective. They execute procedures to make labour efficient and make better use of raw materials. They ensure minimal wastage. These professionals are aware of global trends, local trends and they take care of inventory and delivery of goods. Right from planning to execution is done by them. So, companies rely on professionals with operations management through pgdm to run their organizations efficiently.
The Curriculum!
Some of the subjects are principles of management, marketing management, human resources management, production planning and control, operations analytics, business ethics and risks, procurement management, inventory optimization, manufacturing fundamentals, etc. The students learn about all these subjects during their four-semesters course.
Most institutes offer certificate courses with the main course and industrial visits, guest lectures are part of the course. Internships and project work towards the end of the course help students gain deeper insights into the field. They also learn through panel discussions and case studies.
Skills!
These professionals need to interact with different departments of the organization and they need to be good at negotiating and networking. The course focusses on communication, negotiating, leadership, risk taking skills. Professionals without these skills will not be effective.
Placements!
Students will find the field exciting and challenging. They will find a host of opportunities in automobiles, pharmaceuticals, oil and gas, manufacturing and other sectors. They are also given a good package and they are absorbed as operations research analysts, materials managers, manufacturing heads, operations managers, industrial production managers, plant managers, etc. They get an average salary of about 8 -10 lakhs per annum initially and capable students get a much higher package.