The Oasis Investment Company is a service company among the holding company of Al Shirawi group of companies. The successfulness of the company originates from close collaboration of the business partners who include the families of Abdulla Al Shirawi and Mohan Valrani. Both of them have showed many commitments to the business making it grow into one of the largest engineering, trading, marketing, and service together with distribution industries conglomerates in the Arabian Gulf. The company’s headquarters is in Dubai in United Arabs Emirates with dissimilar operations in business and industrial fields. The company has enabled the formation of other 29 foremost companies, most of which are among the largest companies in Middle East. The sub-companies have different divisions and heterogeneous lines of specialization hence playing a significant role in the Arabian Gulf Economy (Singh, 2011).
Since its initiation, the company partnership broadened it to entail different cross section of products, services and industries. However, this encourages the company to be in the best position of bridging the technology gap hence ensuring that global resources can be accessible at the doorstep of UAE countries. The company specializes in supplies dissimilar products as services such as steel and metal fabrications. Additionally, it gives varying services in engineering, air conditioning contracting, waterproofing, interior decoration for commercial buildings and show rooms, printing, plastics, food products, technical services and heavy engineering products among others (Loader, 2002).
The company has ensured large investments in the printing, fabrication, plastic air conditioning and waterproofing activities. Additionally, it has introduced new machines and industrial capacities in order to support the ever-increasing customers who request for quality products and services produced by the company. Each of the 29 sub-companies operates as an independent profit center-decentralized and autonomous. The companies are always successful because they have qualified employees and they offer commitments beyond the commercial norms, which highlights the company’s pride as well as social responsibility (Singh, 2011).
The company has dissimilar departments, which facilitate its smooth operation. They include the information technology department, which handles all the IT requirements of the company. The department has qualified group of engineers and programmers who manages latest RDBMS system, the groupware as well as the email facilities and mobile computing. Secondly, there is the finance department, which specializes in minimizing paper actions to actual final products. Therefore, the department is significant as it ensures achievement of better profitability for the company by coming up with best financial deals. Thirdly, there is the human resource department, which creates workable solutions to human resource problems by seeking for the employees, implementing ideas regarding human values and ensuring beneficial relationship between employers and employees (Dun & Bradstreet Corporation, 1999). Additionally, the company has the internal audit department, which is imperative because it is impossible for any operation to take place without proper control. Consequently, the internal auditors monitor all financial transactions within the company and update the management as required. There is also the public relation department that caters for the government related work such as trade licenses, solving legal matters and offering visas to employees. Finally, the company has a commercial service department, which monitors works related to the Ministry of economy, the rent committee, the Dubai Civil Defense and supports on exports to the countries within Middle East (Loader, 2002). A summary of the relevant departments to the operations department of the company are illustrated by the following chart;
Role of operations management in the company
Operations management refers to dissimilar complex set of management activities entailed in the planning, organizing, leading and controlling the operations within an organization. The Oasis Investment Company considers operations management the determiner of all management activities with significant financial consequences. The company considers operations management to entail acquisition of raw material, their transformation into finished products and the distribution of products to customers. However, it also considers its operations management to focus on the effective and efficient management of all operations that it conducts (Chary, 2009).
Operations management of the Oasis investment company is essential to the company’s manager because of two significant purposes. Initially, it encourages productivity of the company as well as enabling it meet customer’s competitive priorities. It does so by offering services that customers’ need as well as manufacturing preferred by customers to an appropriate specification. The two benefits the company because by increasing effectiveness, it increases its revenues by up surging its competitiveness rates (Dun & Bradstreet Corporation, 1999). On the contrary, the operations management supports Oasis Investment Company to increase efficiency hence reducing the costs. It has proper managed operations management, which enables it to increase its profits because it believes that without proper application of operations management, it will incur losses. Operations management supports Oasis investment leaders in the allocation of required amounts of time to relevant sectors. Consequently, this fosters strategic management, increases employee productivity as well as enabling long-term profitability. Operations management allows dissimilar department heads within the company cope with external market factors effectively and access appropriate ways of dealing with market competition (Chary, 2009).
Additionally, operations management is imperative to Oasis Investment Company because it makes it encounter short-term success as well as manage efficient activities. It also enables the company to avoid making errors in its record-keeping processes. The company has well managed operations management, which enables its principals to collaborate with the heads from each department as well as the business-unit chiefs in implementing strategic blueprints. It also supports the company team in remaining discreet with the company’s operational tactics. The operations managements help the company to implement sound procedures that ensure that its architects keep quiet about their objectives, resources and actions. The company has sound operations management that supports its leaders in challenging conventional changes hence allowing employees to differentiate between what is good and bad. It helps the company senior executive to analyze the existing processes as well as creating new ideas incorporated in business in order to increase their sales. The company benefits from its operations management as it monitors its revenue and expenses by investigating into shared statements of income, productivity inclinations and financial plans (Nieuwenhuizen, Rossouw & Badenhorst, 2008).
Oasis Investment Company experiences competitive advantage because of operations management. This is so because it applies all means in managing its operations hence handling vital internal and external factors. The internal factors that the company handles effectively using operations management include the applicable company policies, intellectual capital and the average attrition rate. This is an essential company record because it indicates the number of employees that the company loses due to resignations, retirements and deaths. Furthermore, the operations management is vital in the external factors of the Oasis investment company in two main fields including the state of the economy as well as rivals’ strategies. Consequently, after the company understanding both its internal and external factors, it becomes capable of enhancing its competitive abilities. This occurs because it understands its entire operating environment enabling it to adapt to varying conditions (Dun & Bradstreet Corporation, 1999).
Finally, the operations management is essential to the operations of Oasis Investment Company because it gives it the room to change and improve the manner of producing its goods and supplying the services. It also enables the company to identify the best method to use in the storage of raw materials, finished products and work-in process merchandise. Consequently, this supports Oasis Investment Company to prevent deterioration in debt affordability, which is likely to happen in case it incurs losses and be incapable of paying the existing liabilities. For the company to enhance this, it uses different types of modern manufacturing tools such as computer-aided the production software, detect-tracking programs, storehouse management software and the re-engineering appliances (Fleuriet, 2008).
Role of an operations manager in Oasis Investment Company
An operation manager plays a vital role in any given business, governments and organizations. The main responsibilities of an operation manager in organizations highly depend on the nature as well as the size of the enterprise. Apart from that, an operation manager requires to have business together with interpersonal skills in order to enhance the successfulness of an organization because he or she plans, oversees and smoothes communication. Being an operation manager in Oasis Investment Company entails overseeing and having the responsibility, through guarding all activities happening in the company that enables effective production of both goods and services. For example, the operational manager controls the resources within the company including the both the raw materials and personnel involved in production. Additionally, the manager has the responsibility of overseeing inventory purchasing and supplies in line with its productions (Fleuriet, 2008). The manager also specializes in determining the company’s needs, hiring employees, monitoring works assigned to employees as well as arranging the staff development (Dun & Bradstreet Corporation, 1999).
The operations manager at Oasis Investment Company plays a significant role in managing the company’s finances. This is so because the company manager budgets, controls the costs and ensures that the company operates in a financially stable manner. Therefore, the supervision of the supply chain in the company and other resources contributes towards minimization of production costs. The company manager ensures that he has enough knowledge in varying fields such as business forecast, sales report and financial statements in order to know the appropriate methods of maximizing results. The managers apply different methods such as cost benefit analysis to improve efficiency and encourage sustainability in equations involved in finances (Nieuwenhuizen, Rossouw & Badenhorst, 2008).
Furthermore, operations manager at Oasis Investment Company set up goals and objectives and implement policies used in different departments in the company. He also forecasts the company sales and plans for the promotion of the company’s products. The operations manager collaborates with other managers in the company hence establishing relevant procedures and put them in effect. The company’s operations manager has good communication skills that he puts in use in order to facilitate different departments to work together. This implies that he facilitates communication in the company hence bringing about positive culture to enable working. At times, the company’s operations manager solves dissimilar disputes and disagreements occurring in an organization. He also cooperates with other managers as well as organizational top executives such as the president, chief financial and chief executive in making important organizational decisions (Nieuwenhuizen, Rossouw & Badenhorst, 2008).
Chary, S. N. (2009). Production and operations management. New Delhi: Tata McGraw-Hill.
Dun & Bradstreet Corporation. (1999). Who owns whom: Australasia, Asia, Middle East & Africa. High Wycombe, Bucks, U.K: Dun & Bradstreet Ltd.
Fleuriet, M. (2008). Investment banking explained: An insider's guide to the industry. New York: McGraw-Hill.
Loader, D. (2002). Relationship and resource management in operations. Burlington, MA: Butterworth-Heinemann.
Nieuwenhuizen, C., Rossouw, D., & Badenhorst, J. A. (2008). Business management: A contemporary approach. Cape Town, South Africa: Juta.
Singh, M. (2011). Security analysis with investement [i.e. investment] and protfolio [i.e. portfolio] management. Delhi: Isha Books.
