Latest trends in production and operational management

Latest trends in production and operational management

1. Recent Trends in Production and Operational Management Presented By:- Kirti Gupta UID-16MBA7028

2. Trends in Production and Operation Management Trends in Production & Operation management

3. 1.Global Competition Why “go Global”? Reduce Cost Improve supply chain Access to international markets Response to change in demand Latest trends and technology Maximize the profit For survival in global competition Learn to improve operation and production

4. 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

5. 3. Business process reengineering

6. Benefits of Business Process Re-engineering

7. 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.

8. Lean Manufacturing manufacturing  or  lean  production, often simply " lean ", is a systematic method for the elimination of waste

9. Worker Involvement Worker involvement is creating an environment in which people have an impact on decision and actions that affect there job

10. Benefits of

11. 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.

12. Thank You