Latest trends in production and operational management

Recent Trends in Production and Operational Management

Presented By:-Kirti GuptaUID-16MBA7028

Trends in Production and Operation Management

Trends in Production &

Operation management

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

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

3. Business process reengineering

Benefits of Business Process Re-engineering

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.

Lean Manufacturing

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

Worker Involvement

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

Benefits of

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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