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 in operations management is the systematic technique used to predict future outcomes based on historical data. Business forecasts are a necessity for productively planning the operations of a company. Forecasting the required raw materials, workforce capacity, and energy requirement along with other requisites are essential for the smooth ... 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

Introduction The term ‘ethics refers to moral philosophy that emphasizes on the aspects of values and distinguishes between the better and worse. It is all about the rules of human behavior and the foundations of moral principles of life. The conceptual meaning of ethics revolves around three main divisions that ... Read More

Introduction Business Process Reengineering (BPR) is a management tool to radically redesign the existing operational process and structure as a whole in order to obtain a substantial increase in business outcome. Role of BPR mainly focuses on analysing the intra and inter-organizational work flows, eliminate tasks that do not enhance ... Read More

Introduction Business process improvement is the constant effort of every organization alike. Process improvement leads to better efficacy and success. There are many management concepts developed and remodeled with a view to achieve optimal business outcome. Two such concepts related to boosting performance are Business Process Management (BPM) ... Read More

Introduction Anything that helps a company to attain an edge over its competitors and attract more customers to spread its market space is termed as competitive advantage. There is a general misconception that only big business houses and global brands enjoy competitive advantage. In reality, small businesses have its own ... Read More

Introduction Operations management is the area of management that caters to the entire system of operations in an organization. It deals with all the activities that range from planning and organizing to ensuring efficiency in entire business operations. It has its role spread across all verticals of organizations whether manufacturing ... Read More