Publisher's Synopsis
In the recent years, organizations have started to put more emphasis on production as well as operations management. It is because of the increasing international competition and changing customer expectations. Due to these factors, organizations are endeavoring to improve their manufacturing operations. Operations management is satisfied as long as revenue is more than the cost. The modern operations management has realized that it is the value of products rather than the cost which is important. Apart from quality, revenue, and value, flexibility is also an important concern for operations managers. As far as operations management is concerned, flexibility is needed in customer demand, operation systems, and capacity. The induction of computers and advanced software has revolutionized operations management by increasing the flexibility of operations. Nowadays, everything is possible. Even the invention of high-tech machines will totally result to fast production. Lessening the span of time for manufacturing cycle will contribute to the speed and more production of goods. When a certain company offers products on similar quality and price, there will be fast distribution and purchase. As a result, the industry will have an edge over other firms. A business industry has its own set of strategies which are anchored with the available resources. For the inputs, materials, facilities, information, and customers are involved. Within the strategy, planning and designs are given attention. For the final output, good products and services are introduced to the market. With the prior knowledge for the upcoming trends in Operations management, even a small business firm can be at par with those large corporations. Success will not stay as a mere dream as long as a business owner adapt to modernization. In today's competitive environment, customer demands are very different from what they were just a few years ago. Customers, nowadays, demand lower cost, better quality, and greater speeds. Companies can achieve all these targets by managing their operations efficiently. Production and Operations Management- An Applied Modern Approach includes theoretical and empirical insights to bridge the gap between academic and practical perspectives. It will act as a key point of reference for those wishing to conduct follow-on research into these operations management trends. Hence, in turn, this should enable operations management practices based in higher cost economies to compete more sustainably, on a long-term basis, with those located in lower cost economies. In the recent years, organizations have started to put more emphasis on production as well as operations management. It is because of the increasing international competition and changing customer expectations. Due to these factors, organizations are endeavoring to improve their manufacturing operations. Operations management is satisfied as long as revenue is more than the cost. The modern operations management has realized that it is the value of products rather than the cost which is important. Apart from quality, revenue, and value, flexibility is also an important concern for operations managers. As far as operations management is concerned, flexibility is needed in customer demand, operation systems, and capacity. The induction of computers and advanced software has revolutionized operations management by increasing the flexibility of operations. Nowadays, everything is possible. Even the invention of high-tech machines will totally result to fast production. Lessening the span of time for manufacturing cycle will contribute to the speed and more production of goods. When a certain company offers products on similar quality and price, there will be fast distribution and purchase. As a result, the industry will have an edge over other firms. A business industry has its own set of strategies which are anchored with the available resources. For the inputs, materials, facilities, information, and customers are involved. Within the strategy, planning and designs are given attention. For the final output, good products and services are introduced to the market. With the prior knowledge for the upcoming trends in Operations management, even a small business firm can be at par with those large corporations. Success will not stay as a mere dream as long as a business owner adapt to modernization. In today's competitive environment, customer demands are very different from what they were just a few years ago. Customers, nowadays, demand lower cost, better quality, and greater speeds. Companies can achieve all these targets by managing their operations efficiently. Production and Operations Management- An Applied Modern Approach includes theoretical and empirical insights to bridge the gap between academic and practical perspectives. It will act as a key point of reference for those wishing to conduct follow-on research into these operations management trends. Hence, in turn, this should enable operations management practices based in higher cost economies to compete more sustainably, on a long-term basis, with those located in lower cost economies. In the recent years, organizations have started to put more emphasis on production as well as operations management. It is because of the increasing international competition and changing customer expectations. Due to these factors, organizations are endeavoring to improve their manufacturing operations. Operations management is satisfied as long as revenue is more than the cost. The modern operations management has realized that it is the value of products rather than the cost which is important. Apart from quality, revenue, and value, flexibility is also an important concern for operations managers. As far as operations management is concerned, flexibility is needed in customer demand, operation systems, and capacity. The induction of computers and advanced software has revolutionized operations management by increasing the flexibility of operations. Nowadays, everything is possible. Even the invention of high-tech machines will totally result to fast production. Lessening the span of time for manufacturing cycle will contribute to the speed and more production of goods. When a certain company offers products on similar quality and price, there will be fast distribution and purchase. As a result, the industry will have an edge over other firms. A business industry has its own set of strategies which are anchored with the available resources. For the inputs, materials, facilities, information, and customers are involved. Within the strategy, planning and designs are given attention. For the final output, good products and services are introduced to the market. With the prior knowledge for the upcoming trends in Operations management, even a small business firm can be at par with those large corporations. Success will not stay as a mere dream as long as a business owner adapt to modernization. In today's competitive environment, customer demands are very different from what they were just a few years ago. Customers, nowadays, demand lower cost, better quality, and greater speeds. Companies can achieve all these targets by managing their operations efficiently. Production and Operations Management- An Applied Modern Approach includes theoretical and empirical insights to bridge the gap between academic and practical perspectives. It will act as a key point of reference for those wishing to conduct follow-on research into these operations management trends. Hence, in turn, this should enable operations management practices based in higher cost economies to compete more sustainably, on a long-term basis, with those located in lower cost economies.
