Latest trends in production and operational management
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Transcript of Latest trends in production and operational management
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Recent Trends in Production and Operational Management
Presented By:-Kirti GuptaUID-16MBA7028
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Trends in Production and Operation Management
Trends in Production &
Operation management
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1.Global Competition
Why “go Global”?Reduce Cost Improve supply chainAccess to international marketsResponse to change in demandLatest trends and technology Maximize the profitFor survival in global
competition Learn to improve operation and
production
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2. Supply Chain Management
SCM is the oversight of materials, information and finance as they move in a process from supplier to manufacture.
SCM is also known as the art of Management of providing the right product ,at right time, right place and at the right cost
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3. Business process reengineering
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Benefits of Business Process Re-engineering
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Total Quality Management
A core definition of total quality management (TQM) describes a management approach to long–term success through customer satisfaction.
In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.
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Lean Manufacturing
manufacturing or lean production, often simply "lean", is a systematic method for the elimination of waste
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Worker Involvement
Worker involvement is creating an environment in which people have an impact on decision and actions that affect there job
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Benefits of
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Cycle Time Reduction
CTR is an effective, proven way to give a manufacturer a competitive edge in price, quality, lead time, and on-time delivery. Cycle time reduction is an ongoing process that takes strong management commitment.
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Thank You