Operations Content List
There are several factors which need to be considered while developing an efficient SCM. The main factors are Location & Transportation decisions Production Decisions Inventory Control Distribution Strategies Supply Chain Integration Product Design They are mentioned below Location & Transportation decisions Geographic location of production plants, warehouses and distribution centers are the most important factors […]Continue Reading... No Comments.
Supply Chain Management is the act of optimizing all activities throughout the supply chain links and processes so that the products and services are supplied in the right quantity, to the right location, at the right time, and at the optimal cost. Supply Chain consists of manufacturers, suppliers, transport management systems, warehouses, retailers and customers. […]Continue Reading... No Comments.
Supply chain has the following four main functional components 1. Demand Planning Demand Planning is used to predict the demand of products and services based on forecasts carried away by the management. Proper demand planning helps to utilize the supply chain links in the best possible way which leads to improved customer services and lower […]Continue Reading... No Comments.
Supply Chain includes all activities and processes to procure all the raw materials from all the suppliers and deliver the end-products or services to the final consumers. Often it includes more than one company in whole chain including the suppliers, distributors etc. Basic Features of Supply Chain The supply chain is the series of links […]Continue Reading... No Comments.
Operations management is an area of management study which deals with the analysis, design and smooth execution of the business operations and takes care of all the operational related aspects like supply chain management, inventory management, time management, efficient execution etc. It also manages the production process that generates the output from different inputs. In […]Continue Reading... No Comments.
After designing the operations systems, it is very important to constantly check the status of the system and improve the same to achieve faster and more efficient outcome. Inventory management Inventory Management is a key process which has direct impact on the profit/loss of a company and is an important financial parameter. Ineffective inventory management […]Continue Reading... No Comments.
Design system indicates the actual execution of the planning systems. It has the following steps Product/service design and process selection The Design activity in operations has one over-riding objective which is to provide the type of products, services and processes which will satisfy the operation’s customers. Products and services should be designed in such a […]Continue Reading... No Comments.
Planning is carried out after finalizing the demand forecasting. This planning is mainly a strategic function which deals with the future course of action based on the demand forecasting and current planning. Main types of planning are discussed below Capacity planning The objective of the capacity planning is to ensure the future production capacity matches […]Continue Reading... No Comments.
Demand Forecasting includes estimation of the demand for a particular product/service in future which also plays an important role while finalizing the operation management plan. Main features of Demand Forecasting Demand Forecasts mostly are done for a future period and are referred as ex-ante forecasts. Demand forecasts are for different market segments to get the […]Continue Reading... No Comments.
Decision making starts at the top management level of the organization after finalizing the business strategies. The Decision making builds the foundation for a proper operations management plan. The activities for Initial Decision Making/Business strategy includes Understanding the overall market, customer, customer requirements and opportunities available. Checking the credibility to reach to all the prospective […]Continue Reading... No Comments.