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Recent Trends In POM

 Global Competition

 Operations Strategy

 Flexibility

 Cycle Time Reduction

 Business Process Re-engineering

 Supply Chain Management

 Workers Involvement

 Lean Manufacturing  TQM

 Global Competition  Global Market  Global Suppliers

 Operations Strategy  Quality based  Time based

 Flexibility  Variety of products  High Volume as well as Low Volume

 Cycle Time Reduction  The less time RM (Raw Material), WIP (Work In Process), FG (Finished Goods) spend in the Manufacturing and Logistics process, the less opportunity they have to absorb costs.  Business Process Re-engineering  Value added and NVA activities

 Supply Chain Management  NOT from RM storage to FG warehouse  From the original suppliers to final consumers

 Workers Involvement  Workers are not costs, they are assets

 Lean Manufacturing  Inventory is waste

Total Quality Management

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Q: What are the recent trends in operations management?
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