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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The operations approach is a production oriented area of management. It helps to improve efficiency, improve quality and cut wastes. Behavioral sciences approach is a humanistic approach that deals with human relations movement.
Two modern trends in digital electronics: smaller and faster.
Being attuned to market trends, the Management, Systems, Strategy Department places the emphasis on understanding the phenomenon of globalization, taking account of technological and organizational changes, the integration of new managerial practices, and application of the new strategic order
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The recent trends in management are mostly associated with online management. Most organizations have resorted to the use of virtual management options so as to improve efficiency.
Most management groups have embraced participation from all the team members. People are also allowed to do their work with minimal supervision.
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Operations management refers to the complex set of management activities involved in planning organizing leading, and controlling an organization's operations. At one time, operations management was considered the backwater of management activities - a dirty, drab necessity. This view has changed in recent years, as more and more managers realize how operations can be a "beehive" of activity with major financial consequences for any organization.
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The Institute of Operations Management Level 3 course is aimed at those who are new to the operations management and supply chain management profession, or those who are already employed in operations management wishing to gain a formal qualification in the subject. The IOM Certificate in Operations Management provides educational support for industry with this general coverage of Operations Management and its role in supply chain management.
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If I had to guess I think operations and supply management would NOT involve Portfolio Management
Jay H. Heizer has written: 'Additional problems and exercises [for] Operations management, sixth edition [and] Principles of operations management' -- subject(s): Problems, exercises, Problems, exercises, etc, Production management 'Operations management' -- subject(s): Production management 'Principles of operations management' -- subject(s): Production management 'Operations management' -- subject(s): Production management
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how to affect virtual enterprises to operations management?