Operations Management of BP Plc (British Petroleum) Essay

trading operations Management of BP Plc (British Petroleum) - Essay ExampleIt as well as transforms capital into goods and services. Operational management allows firms, and companies to come up with strategies that military service companies deal with new market entrants and main competitors. Each company has a distinct way of traffic with its operations (Merz & Sauber1995). Many 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 under intense pressure repayable to competition from other major crude oil producing companies. The company needs to reinvent itself in order to confine its profitability. BP is known to produce 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 demand to keep the company economically viable and competitive. Body BP Amoco is a leading oil industry aims at supplying crude oil products to its international marketplace. Operation authorities has become an essential tool in the oil industry management techniques. Operation management makes sure these industries adhere to smell 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 used in all exploration and was a source of oil for the royal naval forces (Business Week 2012). The company was founded by William Knox and found oil for the first time 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 Europe 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 almost the world (Scarborough & Spatarella1998).BP is paying attention to quality products. BP is setting achieve goals with a clear timeline. The company is block 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 initial step to create incentives to employees and to rive 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