Operations Management Term Paper Example | Topics and Well Written Essays - 2500 words

Operations Management - Term Paper employmentThe come with also offers consulting services for its customers, helping them understand the best applications for which the hardware and the software provision by the company can be put into by customer organizations. The company was established in 1911, by means of a merger of three technology companies, and follow its current name in 1924. In the stratum 2011, the company was ranked as the 7th most profitable company in the US, organism the 18th largest company of the US (Walters, 2011). On the global chart, the company is ranked the 31st largest company of the year 2011. Therefore, International Business Machine Company is a force to reckon with in the global force field that has curved a competitive edge in the technology industry, which many other companies have not been able. The history of IBM dates defend in the 1880s, where the company manufactured a range of machinery such as measure machines, meat slicers, time keepers, under the name of Computing Tabulating Recording Corporation (CTR), which later changed to the present twenty-four hour period IBM (Buck, 2006). The company diversified its production activities to include computer components later, to extend the risks of business failure and low lucrativeness associated with specializing in a single product line for a business. The organizational culture of the company was effectively established in 1914 by the president of the company, who required that the organization focus on the customer as the key to the success of the company. Employee motivation, participation in business decision-making and in running the affairs of the company dates back then. This culture of the company has been maintained to date. This culture was entrenched in the organization through hiring a handicapped worker in 1914 and establishing employee education department in 1916 (Walters, 2011). These occurrences were meant to base the success of the company on the bli ss and professionalism of the employee, who would then serve the companys customer with diligence. Due to the high rate of growth that the company was experiencing, including geographical expansion to other countries in Europe, the name of the company was found to be too hold in (Benjamin, 2010). Consequently, the company sought to change its name, adopting its present name from the CTRs Canadian publication in 1924, a name meant to reflect the companys mission and aspirations (Doug, 2008). To reduce costs and improve shareholders value, IBM has adopted a supply reach that enables it to bring better and cheaper products in the market. Such areas covered by the supply chain include product development, procurement, supply chain planning and logistics (Buck, 2006). The company collaborates with trading partners to reduce the costs of surgical operation and improve its revenue growth, through negotiating with its suppliers for cheaper supplies, which it procures in bulk. As an eleme nt of its supply chain management, the company has adopted business process outsourcing, allowing it to have its services run by other agencies such as PWC. This contributes to working(a) efficiency and financial gains for the company. The company does the