Operation management is an important division in any company. It is responsible for the planning, organising, and supervising of production & manufacturing of goods. The OM team has to make sure that the final products are made and delivered efficiently without much wastage of resources. Companies can thus make profits every financial year and sustain for the long term. For this important job, OM professionals are well paid.

Hence, an MBA in Operations Management is pursued by a lot of students from one of the best MBA colleges in Pune or elsewhere. It’s a vast course that teaches them about business protocols, production process, quality control, etc. It has some fun subjects too. Let’s take a look at a few of them.

1. Operations Strategy

A company uses an operations strategy to plan the allotment of resources for the production of goods. It aims to maximise production while minimising costs. Operational strategies can be customer-driven, where goods are produced based on the needs of the target market. Factors such as new demands, the latest trends and the changing environment are considered before narrowing down on a strategy. This is just one of the many different strategies applied by various companies. You will learn about it in your MBA program. It is definitely a subject to look out for!

Through this subject, you will learn about various topics that are utilised in maximising the production. A few of these are:

Operations Strategy
Competitive Capabilities and Core Competencies
Developing Operations Strategy
Competitive Priorities
Manufacturing Strategies
Service Strategies

2. Demand and Business Forecasting

Business forecasting has become a very important tool for companies to analyse the market. It helps in estimating & predicting business developments regarding sales, expenditure, and profits. Since the market can be topsy-turvy anytime, business forecasting can be used to plan the company’s investments or undertake new projects in the near future.

Business forecasting is a very exciting field. Hence, learning this subject will be important and fun at the same time!

Business forecasting consists of the following topics:

Strategic Importance of Forecasting
Methods of Forecasting
Qualitative Methods of Forecasting
Associative Models of Forecasting
Accuracy of Forecasting
Estimation of Demand

3. Project Management

Project managers have to take responsibility for initiating, planning, executing, controlling, and closing the project, while meeting all the expected goals. To execute this process smoothly, they have to use a certain set of tools and techniques to meet the project requirements, which they learn in their MBA program. They also have to make sure that the project is completed on time, under minimum cost. With all these responsibilities circling above their head, it is no wonder why project management is a vital subject. But, it isn’t a boring subject, one iota!

Project management consists of the following topics:

Project Management Principles
Project planning
Project process Flow
Project Feasibility Studies
Human Aspects in Project Management
Application of Project Management Software
Contract Management
Project Cost Control
Risk Analysis in Project Management
Project Audit and Project Termination

These are a few subjects you will be enjoying while learning them. You will learn them in detail in one of the top b-schools in India. The knowledge that you will gain will put you on the path of a successful career in Operations Management.