Operation management Research Paper Example | Topics and Well Written Essays - 3000 words

Operation management - Research news report ExampleIt facilitates the setting of priorities, ensures that operations are maintained, assesses performance, involves the people, and ensures that the organization forecasts on the future (Sanyal 2012). An OMS acts as the framework that facilitates the executing of an organizations processes and procedures in order to ensure that an organization is capable of meeting its objectives sustainably. In the twenty-first century, many businesses have adopted an OMS that is geared towards ensuring that the business is able to generate stakeholder value. In this paper, a accent on the OMS developed by BP Company will be put into perspective together with a consideration of the potential areas that the caller can work on to improve the OMS.BP plc is one of the largest multinational companies in the energy sector in the world today. It deals with inunct, screw up, petrochemicals, and renewables. In order to execute its global objectives, BP ha d developed an OMS. The gild has integrated functionality in the industry having operations in the exploration and production of oil colour, oil refining, distribution of petroleum products, renewable energy production, trading, generation of power and petrochemicals. Dealing with petroleum and its affiliate products is a lucrative only precarious business (Portougal & Janczewski 1998). In the past, BP has spent heavily due to unprecedented occurrences such as oil spills. The company lost its oil besides having to pay huge fines in the 2010 Deepwater Horizon oil spill. To hold such occurrences, the company has developed an OMS that is geared towards dealing with its operations in a manner that promotes sustainability and efficiency. The companys OMS has been very influential towards the milestones that have been made so far by the company.BP has a bring in strategy that it endeavors to accomplish. This is captured in the companys goal that is to be a focused oil and gas company that delivers value over volume (BP Website