Trends & Challenges of Operation Management by Asikur Rahman (Operation management)

The global trend and challenges regarding operation management are described here with easy word.

1. Let’s Begin…

2. Trends & Challenges of Operation Management

3. Definition of operation management Operation management is the management process that transform inputs into goods & services which add value for customer.

4. Several Business trends are curently having a great impact on operation management

5. Productivity Productivity is defined as a total output per one unit of a total input. productivity is a measure of how efficiently a process runs and how effectively Productivity growth is important to a business because it controls the real income .

6. Continuous Improvement A continual improvement process, also often called a continuous improvement process (abbreviated as CIP or CI), is an ongoing effort to improve products, services, or processes. ... Delivery (customer valued) processes are constantly evaluated and improved in the light of their efficiency, effectiveness and flexibility.

7. Global competitiveness For a company to be considered world class, it must recognize that the ability to compete in the marketplace depends on developing an operations strategy aligned with the mission of serving the customer. The competitive dimensions of operations are cost, product quality and reliability, delivery speed, delivery reliability, coping with demand change, flexibility, and new product introduction speed.

8. T echnological change  a technological change is an increase in the efficiency of a product or process that results in an increase in output, without an increase in input. Usage of technology in operation management has ensured that organizations are able to reduce the cost, improve the delivery process, standardize and improve quality and focus on customization, thereby creating value for customers.

9. Environmental, ethical & diversity issues   Today’s production managers are concerned more and more with pollution control and waste disposal which are key issues in protection of environment and social responsibility. Business ethics, generally defined in terms of the social, communal and environmental responsibilities of business professionals, requires managers to think beyond the bottom line when making business related decisions