Introduction Operations management is a management approach that conducts the complete production cycle of a product or service. Different concepts of operation, technologies and procedures are put to use to transform inputs into finished goods or services. The performance and efficiency of a business depends on how successfully the operations ... Read More

Introduction Operations Management functions with administering and efficiently utilizing man, machine and money to deliver quality output. It primarily focuses on business profits. On the other hand, Sustainable Operations Management (SOM) applies the principle of sustainability to all strategic decisions of business operations. It advocates economic, social and environmental objectives ... Read More

Introduction Competition advantage in simple terms refers to all the factors that allow a company to perform better than its competitors. It helps the business to produce more quality goods and services with reduced cost generating higher sales and profit. Anything that helps a company to attain an edge over ... Read More

Introduction Business Process Reengineering (BPR) is the process of comprehensively revamping the existing business process with a view to create a dramatic return of investment by reducing cost and improving quality. Changes in customer preferences, tight competition in the market with superior goods and services, advancement of technology decreasing profits ... Read More

Introduction Business operations and its management is an inevitable part of all organizations irrespective of the sector. It comprises of all the activities that are involved in the procurement of inputs to the final delivery of goods or services. Numerous business processes and operations are engaged throughout the business cycle. ... Read More

Introduction Operations management has a vital role in coordinating and managing functional units, business process and rules across departments. It acts as the main thread that connects every activity within a business towards achieving the final outcome. Operations management involves administering and monitoring business activities to ensure that they are ... Read More

Introduction Business Process Reengineering is a management strategy that initiates a complete process and structural change leading to a drastic rise in business outcome. It is all inclusive of process redesign, change management and comprehensive transformation of business operations Structural transformation to changes in fundamental objectives and vision of the ... Read More

Introduction Business Process Reengineering as defined by Michael Hammer focuses on making a radical change on the process system as a whole to facilitate dramatic business outcomes. The traditional concept of automation or merely upgrading processes particularly with bulk investments in mechanization was not competent enough to deliver expected results. ... Read More

Introduction Innovation in Operations management refers to operational innovation. It is the practice of evaluating and developing new techniques to improve the existing business process. This approach of operational innovation is not restricted to a specific department or functional unit. It runs across the entire organization at all levels to ... Read More

Introduction Forecasting the technique by which past and present data is analysed to plan for future. There are various types and ways of carrying out business forecasts depending on the objectives and desired outcome. It can be done to arrive at a general business forecast or can be applied to ... Read More