Operations Management of BP Plc (British Petroleum) Essay

Operations Management of BP Plc (British Petroleum) - Essay ExampleIt also transforms capital into goods and services. Operational counselling allows firms, and companies to come up with strategies that help companies deal with new market entrants and main competitors. Each union has a distinct way of dealing with its operations (Merz & Sauber1995). umpteen companies come up with distinct names for their departments. BP is a multinational company which has a vibrant operational and management department. Problem definition BP has come downstairs intense pressure due to competition from other major oil producing companies. The company leases to reinvent itself in order to maintain its profitability. BP is known to crap large amounts of oil. However, the large amounts of oil are not reflected in the amounts of revenues generated. The company is also facing the threats that range from new entrants to the established oil companies. There is need to consider the strategies that are needed to keep the company economically viable and competitive. Body BP Amoco is a leading oil industry aims at supplying oil products to its international marketplace. Operation administration has become an essential tool in the oil industry management techniques. Operation management makes sure these industries adhere to tint of work. BP also known as BP Amoco is located in London (Wulf 2012). It is a globally established petroleum and oil firm. The company began in 1901. The company was utilize in all exploration and was a source of oil for the royal navy (Business Week 2012). The company was founded by William Knox and found oil for the first cartridge holder in 1908. In 1917, the UK administration became in charge of the industry, and planned to rename it to B P (Business Week 2012). BP expanded its market in the entire atomic number 63 and later merged with American Oil Company (AMOCO). BP has been using high quality operational management skills with have been the reason behind the firms success. BP is in service in over a hundred countries on to serve the international market. BP focuses on drilling and discovering oil around the world (Scarborough & Spatarella1998).BP is paying attention to quality products. BP is setting achieve goals with a clear timeline. The company is closing down branches are considered to have declining revenues. Attention is paid to products which are consumer friendly. This has caused BP to rebrand and the sign step to create incentives to employees and to attract customers. BP is measuring quality and productivity through amount generated per barrel. The company explores unfinished lubricants, natural gas, refinement, distillation, selling, and delivery, along with manufacturing petroleum products (The Economist 2011). The company