This module comprises two interrelated parts, operations management and management accounting, to give students a more balanced perspective to effectively manage modern enterprises' operations. The module will develop organisational and digital learning skills to deal with complex strategic decision-making and problem-solving. The operations management part of the module aims to give students an understanding of the fundamental theories, techniques, and operations management methods and provides insight into how these principles can ensure the effective creation, production, provision and delivery of products and services. Examples include: lean and systems thinking; strategic alignment; and how these concepts might enable competitive advantage. The management accounting part examines management accounting from a theoretical perspective by considering the purposes of generating management accounting information and gives students an appreciation of the perspective and tools of management accounting that enables the operations manager to make informed decisions. Students will develop their business acumen and key skills in areas such finance, business case development, budgeting, project and operations management.
Learning Outcomes
By the end of the module students should be able to:
Apply relevant frameworks and techniques to develop strategies, design, plan and control manufacturing and servicing operations.
Identify appropriate strategies and methods for the management and improvement of operations and evaluate the contribution that operations management makes to performance improvement.
Evaluate the opportunities and challenges of the digital business revolution and their impacts on operations management and business decision-making.
Explain the role of management accounting in providing information operations related decision making and control.
Analyse and apply the principles and methods of costing, and how cost information can be used to support decision making.
Critically evaluate how operations management and/or systems thinking approaches can support performance improvement.
Evaluate organisational resources and capabilities in a responsible, ethical and sustainable way.