BSS052-6 Project and Operations Management Assignment Sample

Module code and Title: BSS052-6 Project and Operations Management Assignment Sample

Introduction

Tesla company are mainly used various types of operation management techniques which can easily help to expand their business and also it is helped in the growth of the company. Operations managers must adhere to best practices in these ten strategic decision areas to guarantee operational efficiencies, efficiency, and high productivity. Because of this business examination, Tesla’s worldwide extension plans rely upon the progress of these practices in upgrading efficiency and general execution.

The innovation objectives of the company also depend on and support the performance of operational management. Operational controls like inventory management and supply chain management, for instance, are crucial to Tesla’s automobile manufacturing productivity. The operational management process is based on Tesla’s vision and mission statements, which outline a significant portion of the company’s strategies and tactics in this setting. Despite negative external factors, operations management skills contribute to a company’s high productivity and growth.

Three operational management decision-making areas

The management of business operations to achieve objectives, boost productivity, and maximize profits is known as operations management. Operations, manufacturing, and production processes, as well as planning, organizing, and supervising service delivery in order to achieve desired results, are all part of the administrative department known as operational management (Bousonvilleet al, 2022).

This department manages the entire production schedule of services or products from beginning to end. High-quality goods and services that meet the needs of customers. There are a total of three operational management decision-making areas that are coming into the picture. Sothe three operational management decision-making areas are given below.

Tesla mainly used operations management for the development of productivity and also used for minimizing the overall cost of the company. So this type of optimal operational conditions mainly contributes to the ability of Tesla company for selling products at a reasonable price. So the three operation management decision-making areas of Tesla are given below.

Figure 1: Operation Management (Source: Self-Created)

Design of goods and services: In this area of strategic design, the main focus of the Tesla company is influencing all the costs and quality objectives. The tesla company not only influences those things but also the tesla company influences resources, which are very vital and necessary things for the products of the Tesla company (Matthews et al. 2020). In the analysis case of the Tesla company, they mainly address the various types of concerns through the concurrent types of innovation.

And these types of innovation mainly involve simultaneous innovation in the various parts of the solar panel, battery, and automotive business. The Tesla company mainly innovates its various types of products and supply chain systems for ensuring productivity in manufacturing continuously. And these types of things can easily advance the electric vehicles of the Tesla company. So this decision area of operation management is mainly linked with the intensive strategies of the Tesla company.

So it is mainly said that the differentiation of products and the development of the products is the main approach that is mainly used to grow the global business of the Tesla company. The main focus of the Tesla company the electric vehicles. And the operation management of Tesla mainly depends on innovation (Valentin, 2019). Their operation management is not only based on innovation but also it based over electric automobile manufacturing. So operation management also helps to grow the capacity of the organization through innovating the parts of the cars and also innovating the electric cars.

Quality management: The main objective or focus of strategic decision areas of operational management is satisfying all the customers of the Tesla company through their quality expectations. The tesla company mainly addresses all the strategic types of objectives by checking the quality of the products on a regular basis and also takes various types of initiatives for the quality improvement of the products. Not only this thing but also clear research over the transportation or automotive and also research energy solution market of the Tesla company (Hidalgo et al. 2018).

In addition, the Tesla company mainly determines processes and products for satisfying the standards of the high type which is mainly needed for the improvement of quality and productivity of the Tesla company continuously. And the operation managers conduct various types of quality reviews regularly and always implement various types of increases in the process of manufacturing.

And mainly if any types of quality issues of the automobile parts come into the picture with the suppliers then Elon Musk has mainly shifted the Tesla company towards manufacturing their own vehicle parts without taking or sourcing the parts of the manufacturers. These types of things have mainly increased the workload of the operation management but they also increased the quality control and also increased the quality of the overall products.

Supply chain management: In the area of strategic decision, the focus of operation management is that adequate types of supply. Not only the Tesla company focuses on adequate types of supply but also it focuses on the efficient and effective types of the supply chain (Fisher and McCabe, 2019). The Tesla company has mainly distributed its business through the global supply chain and the main aim of the global supply chain is to support the manufacturing process of the Tesla company.

In the country of the United States, the high productivity of the Tesla company’s manufacturing plants mainly benefitted in various ways. It mainly benefitted from the timely shipment of various types of materials from overseas. The Tesla company’s corporate citizenship ideals and social responsibilities are mainly applied in the area of supply chain management. So the corporate citizenship ideals and social responsibilities are mainly considering the effects of the business on the associated communities and the suppliers.

In the country of United States, the automakers of the Tesla company are mainly focused on manufacturing. The operation manager of the Tesla company mainly automates the overall or major types of areas of the supply chain. So supply chain management is also a very vital decision-making area of operation management.

Compare and contrast Tesla’s organization with another contemporary by using the 4 Vs

The 4’V models are mainly used for the operations of the business. Tesla company is mainly a manufacturing company, and all the operations of the Tesla company are very central and also follow all the products from the inception to completion criteria (Donniciet al. 2021). There are various types of processes of operations, which have appeared in the picture.

Among the operations, only one thing is common for all of them taking the inputs of the knowledge, equipment, capital, raw materials, and also the time and after that transforming those things into goods and services. In this case, here mainly compared and contrast the 4 V’s of the Tesla organization with the other company which name is Lucid Motors. So the compared and contrasts are given below.

Figure 2: SWOT Analysis (Source: Self-Created)

The dimension of volume:

The volume of the Tesla Company is mainly the key to their particular business. In the Tesla company, their manufacturing cost is not very high for this the product value of the Tesla automobile is also very low (Kim, 2020). The volume of the Tesla company automobile industry is 78.06 million. The Tesla Company also has many staffs and laborers. For this, the staff can easily complete all the work of the company, which can give higher output to the Tesla Company.

The volume of the Lucid Motors Company is 20.69 million which is very low than the Tesla company. Lucid motors mainly produced 2282 vehicles in the year 2022 which is very low than Tesla. In addition, their staff and laborers easily not completed all the work of the poor labor quality.

The dimension of variety:

There are various types of varieties are come in the Tesla Industry. In the Tesla, there are a total of four current models on on-sale with various types of versions. In addition, the tesla company mainly develops and manufactures a variety of Tesla models.

In the comparison with Tesla, the Lucid motors only have three models (Teece, 2018). The Lucid motors company has not developed and manufactured various types of Automobile models.

The dimension of variation:

The Tesla company mainly used the same as the lucid motor company but Tesla company’s first production is mainly launched in space. The share price of Tesla increased by 740 percent throughout the year 2020.

The lucid motor company is mainly used lithium-ion battery cells, which come from LG chem for supplying the primary powertrain. In addition, the price hike is increased from the base price of 13 percent.

The dimension of visibility:

In the Tesla Company, customers have the ability to see various types of things and track the experience easily through the operational process. For this, the high dimensions are shown in the Tesla Company.

In the Lucid motor company, customers do not have a good ability to see various types of things and here they do not track their particular experience through the operational types of process. For this, the dimension of the Lucid motor company is lower than the Tesla company.

To ensure process excellence, these four aspects must be addressed carefully. This includes increased productivity, shorter cycle times, and efficiency gains. It naturally enhances the organization’s value (Student, 2022). Value creation is essential to business survival in a time when competition is fiercer than ever. It is generally accepted that value creation is guaranteed when the four operational Vs are aligned correctly [Referred to Appendix 2].

Operational performance improvement of Tesla Company

Operational performance mainly improves the Tesla company in many ways. Without operational performance, the growth of the Tesla company decreased day by day (Naoret al. 2021). So operational performance is mainly needed for developing the various types of improvements for the Tesla company. There are various types of improvements are coming into the picture in the future of the Tesla company through operational performance.

The global types of sales and the services of the Tesla company are one of the strong or best pillars of Tesla. In addition, mainly this type of operation is mainly strengthened through Tesla’s operational performance for gaining various types of advantages over all the competitors in the Industry of automobile. For this, the managers are mainly focused on the product of the Tesla company which is mainly influenced by the quality, cost, and resources of that Tesla company.

For this, they mainly use the best manner for improving the various types of designs of the sales and the services of the Tesla company. The firm is mainly focused on various types of aspects and the leaders of the firm are mainly shown various types of efforts and dedication. This type of thing is mainly improved in the Tesla company through operational performance.

For this, the total number of production facilities of the company is increased in different types of parts of the world (Frizzieroet al. 2019). So these types of things mainly enabled the Tesla company for growing its customer base in developing countries in an organic type of way.

Since its inception, the business has placed a strong emphasis on innovation. The organization can coordinate this basic belief into its worldwide deals and administration activities through the board’s viewpoints. They will be able to achieve numerous beneficial outcomes as a result of this, as well as an increase in their company’s productivity. This type of thing is mainly improved in the Tesla company through operational performance.

The company can differentiate itself from others and gain a competitive advantage over its rivals by incorporating aspects of social responsibility and corporate citizenship into its operational management. Over the long term, the company will be able to use its strengths in global sales and service operations management, which is a huge opportunity, especially in volatile markets.

The fundamental components of Tesla company are represented by a number of significant business divisions, making it a dynamic organization (Alghalith, 2018). The most significant feature of the business is its function-based hierarchy in its corporate structure. The global structure of the business reflects this hierarchy. This type of thing is mainly improved in the Tesla company through operational performance. Offices, teams, and other bodies in this hierarchy oversee the company’s domestic and international operations.

Many important operational areas, like technology, finance, legal, engineering, global sales, and service, are connected by hierarchies. The main operations of the company help the company carry out the strategies it has chosen (Wu et al. 2019). The primary strategy of the business is to enter the high-end automotive market and establish a substantial and dependable customer base there using electric vehicles.

Taking advantage of economies of scale to lower vehicle prices and boost production, the company sought to enter the low-end automotive market. The company’s strategy is realized thanks to global sales and service activities that enable the company to enter new high-end markets in various nations [Referred to Appendix 1].

Automobiles powered by fossil fuels like gasoline and diesel dominate the automotive industry. Tesla Inc. is working on developing different options for these automobiles. As a result, the company intends to introduce these electric vehicles and use them to outperform its rivals in the market. The most effective way for the company to achieve the likely success of its strategies is through its primary operations (Dogru and Keskin, 2020). So something like this generally adds to working on the exhibition of the Tesla organization through its operational performance.

Conclusion

Here mainly conclude that here mainly explains all the relevant operation management decision areas of the Tesla company. It mainly gives the relevant types of theoretical models of the Tesla Company. After that, here also compare and contrast the Tesla company’s 4V model with another company name Lucid motors and here also provides the operational performance of the Tesla company.

Therefore, this type of thing here mainly provides that the operational performance or the operational management mainly helps the Tesla company manufacturing process and also develops the growth of the company in many ways. Supply chain management mainly takes a big role in the developmental growth of the Tesla company. Supply chain management is the main point of the operational management of the Tesla company.

Reference List

Journals

Alghalith, N., 2018. Tesla: innovation with information technology. International Journal of Business Research and Information Technology, 5(1), pp.37-51.

Dogru, A.K. and Keskin, B.B., 2020. AI in operations management: applications, challenges and opportunities. Journal of Data, Information and Management, 2(2), pp.67-74.

Donnici, G., Frizziero, L., Liverani, A., Aiello, S., Marinelli, L. and Salzano, A., 2021. Stylistic design engineering (Sde) framed inside ides (industrial design structure) to conceive a new future citycar. In Proceedings of the International Conference on Industrial Engineering and Operations Management.

Fisher, M. and McCabe, M.B., 2019. Tesla: Accelerating to Market. Journal of Strategic Management Education, 15.

Frizziero, L., Donnici, G., Liverani, A., Ximenes, N., Seclì, A. and Ticca, M., 2019, March. Stylistic design engineering (SDE) applied to a new E-segment sport Sedan. In Proceedings of the International Conference on Industrial Engineering and Operations Management, Bangkok, Thailand (Vol. 5, No. 7).

Kim, H., 2020. Analysis of How Tesla Creates Core Innovation Capability. International Journal of Business and Management, 15(6), pp.42-61.

Matthews, T., Hirve, M., Pan, Y., Dang, D., Rawar, E. and Daim, T.U., 2020. Tesla Energy. In Innovation Management in the Intelligent World (pp. 233-249). Springer, Cham.

Naor, M., Coman, A. and Wiznizer, A., 2021. Vertically Integrated Supply Chain of Batteries, Electric Vehicles, and Charging Infrastructure: A Review of Three Milestone Projects from Theory of Constraints Perspective. Sustainability, 13(7), p.3632.

Student, T., Frequency Response Analysis of the Tesla Model S Induction Motor (Doctoral dissertation, Politecnico di Torino).

Teece, D.J., 2018. Tesla and the reshaping of the auto industry. Management and Organization Review, 14(3), pp.501-512.

Valentin, M., 2019. The Tesla Way: The disruptive strategies and models of Teslism. Kogan Page Publishers.

Wu, X., Auerbach, E.J., Vu, A.T., Moeller, S., Van de Moortele, P.F., Yacoub, E. and Uğurbil, K., 2019. Human Connectome Project-style resting-state functional MRI at7 Tesla using radiofrequency parallel transmission. Neuroimage, 184, pp.396-408.

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