The popular definition of lean is: “It is a comprehensive set of techniques that, when combined and matured, will allow you to reduce and then eliminate the seven wastes. This system not only will make ...
Read more »The equations of various productivity measurement methods are given below:- A. Physical Productivity Measurement Method:- Labor Productivity = (volume of output) / (Volume of labor input) Material Productivity ...
Read more »Productivity Productivity is a relationship between input and output. Productivity= (Output/Input) Productivity denotes the productivness of the factors of production, labour and capital, in citation of ...
Read more »Computer vision is a branch of artificial intelligence that enables machines to see, analyze and understand images and videos. It has many applications in various industries, such as manufacturing, agriculture, healthcare, security and entertainment. In this blog post, we will focus on how computer vision can be used in industrial […]
Site selection or the location of a facility (service or manufacturing ) is finalizing on a location for constructing/expanding/acquiring a physical entity of the firm to better serve existing clients/enter into new markets or expand production capacity. it can be a warehouse, office, production facility, retail outlet, or franchise. All […]
Distribution centers and warehouses are integral parts of the logistics and supply chain industry. These facilities receive, store, and distribute goods to retailers, wholesalers, and end customers. They are the backbone of e-commerce and brick-and-mortar retail operations. Without them, the movement of goods would come to a standstill. In this […]
Learning plays a crucial role in strategic control, as it helps businesses to continually improve their operations and adapt to changing market conditions. By learning from their experiences, businesses can identify areas for improvement, develop new strategies and approaches, and better position themselves for success in the market. There are […]
In the context of monitoring and controlling progress towards strategic objectives, the monitoring and control process can be used to attempt to control risk in several ways: Identifying and assessing risks: One of the key roles of the monitoring and control process is to identify and assess risks that may […]
Progress towards strategic objectives can be traced through the use of a variety of tools and techniques, including: Key performance indicators (KPIs): KPIs are metrics that are used to track the performance of a business against its strategic objectives. These may include financial metrics, such as revenue and profitability, or […]
Operational monitoring and control, also known as operational control, refers to the processes and systems that are used to monitor and control the day-to-day operations of a business. This may include activities such as tracking the production of goods, monitoring inventory levels, and controlling expenses. Operational monitoring and control is […]
Operations strategy implementation involves putting into action the processes, resources, and systems that have been developed as part of the operations strategy formulation process. This involves a wide range of activities, including the development of action plans, the allocation of resources, and the establishment of systems and processes to support […]
There are several factors that can help businesses determine when the operations strategy formulation process is complete. These include: The achievement of the business’s goals and objectives: A key factor in determining when the operations strategy formulation process is complete is the achievement of the business’s overall goals and objectives. […]
There are several challenges that businesses may face when formulating an operations strategy. These include: Changing market conditions: Markets are constantly changing, and businesses must be able to adapt to these changes in order to remain competitive. This can be a challenge when formulating an operations strategy, as businesses must […]
There are several types of analysis that are useful for the formulation of an operations strategy, as they help to provide insight into the market, the business, and its operations. These include: Market analysis: A market analysis involves gathering data and insights about the market in which the business operates, […]
Alignment is a key factor in the formulation of an operations strategy, as it helps to ensure that the business’s operations are aligned with its overall goals and objectives. This can help to drive efficiency, effectiveness, and profitability, and enable the business to more effectively compete in the market. There […]
Formulating an operation strategy involves defining the processes, resources, and systems that a business will use to produce and deliver its products and services to the market. This process is a crucial aspect of any business, as it helps to align the organization’s operations with its overall goals and objectives, […]
From an operation resources perspective, product and service development involves the allocation of resources in order to design, produce, and deliver products and services to the market. This approach to product and service development focuses on maximizing the efficiency and effectiveness of the resources being used, in order to drive […]
From a market requirement perspective, product and service development involves understanding the needs and preferences of potential customers and creating products and services that meet these needs. This approach to product and service development focuses on identifying opportunities in the market and developing products and services that address these opportunities […]
Product and service development is a process that involves the creation of new or improved products and services for a company’s target market. This process can be complex and involve a wide range of activities, including research and development, design, prototyping, testing, and production. The first step in the product […]
Product and service development is a crucial aspect of any business, as it helps to drive innovation, improve competitiveness, and increase profitability. In today’s fast-paced and highly competitive business environment, it is essential for companies to constantly be looking for ways to improve and expand their offerings in order to […]
Deploying capabilities in the market refers to the process of effectively utilizing the skills, knowledge, and resources developed as part of a business improvement strategy in order to meet the needs of the target market and stay competitive. This involves effectively delivering the product or service offering to the market, […]
Developing operations capabilities refers to the process of building the skills, knowledge, and resources needed to improve the efficiency and effectiveness of a company’s operations. It is an important part of any operations improvement strategy, as it enables a company to effectively implement and sustain changes to its operations. There […]
Performance mapping is a process of visualizing and analyzing the flow of activities, information, and resources within a company’s operations. It is a powerful tool for identifying bottlenecks, inefficiencies, and areas for improvement, and is an important part of any operations improvement strategy. There are several key benefits to using […]
Setting the direction of an operations improvement strategy involves identifying the goals and objectives that the strategy will aim to achieve, as well as the specific changes that will be implemented in order to achieve those goals. This requires a thorough understanding of the current state of the company’s operations, […]
Operations improvement strategy refers to the planning and implementation of changes to a company’s operations in order to increase efficiency and effectiveness. This can include process optimization, the introduction of new technologies, and the implementation of new systems and tools. Developing an operations improvement strategy typically begins with a thorough […]
Evaluating process technology is the process of assessing the efficiency and effectiveness of the tools, systems, and methods used to produce goods or deliver services in a company. It is an important step in the process of developing and implementing a successful process technology strategy. There are several key factors […]
Information technology (IT) plays a crucial role in modern process technology, enabling businesses to streamline and automate their production processes and improve efficiency. However, the integration of IT into process technology also brings a range of challenges that companies must carefully consider and address in order to achieve success. One […]
The product process matrix is a tool used to classify manufacturing processes based on the volume and variety of products produced. It is a useful tool for identifying the most appropriate process technology for a given business, as different process technologies are better suited to different levels of volume and […]
Process technology refers to the tools, systems, and methods used to produce goods or deliver services in an efficient and effective manner. In order to be successful, a process technology strategy should consider both volume and variety in order to meet the needs of the business. Volume refers to the […]
Process technology strategy refers to the planning and implementation of processes, tools, and systems that enable a company to produce goods or deliver services in the most efficient and effective way possible. This can include the use of advanced manufacturing technologies, process optimization techniques, and the deployment of digital technologies […]
Purchasing and supply chain risk refers to the potential for disruptions, delays, or other issues that could impact the production, distribution, and delivery of goods and services. These risks can arise from a variety of sources, including natural disasters, technological failures, economic downturns, and other unforeseen events. Managing purchasing and […]
Managing suppliers over time is an important aspect of operations strategy, as it involves establishing and maintaining long-term relationships with suppliers in order to optimize the production, distribution, and delivery of goods and services. There are several key considerations for managing suppliers over time, including: Communication: Effective communication is essential […]
Supply network dynamics refer to the constantly changing relationships and interactions between organizations in a supply chain. These dynamics can have a significant impact on an organization’s ability to acquire the resources and capabilities it needs to achieve its performance objectives. One important aspect of supply network dynamics is the […]
Contracting and relationships play a crucial role in operations strategy as they affect an organization’s ability to acquire the resources and capabilities it needs to achieve its performance objectives. There are several types of contracting and relationships that organizations can use in their operations strategy, each with its own advantages […]
Vertical integration is a business strategy that involves a company taking control of its supply chain by either producing goods or services in-house or acquiring companies that produce goods or services it uses. The question of whether to produce goods or services in-house or to buy them from suppliers is […]
A purchase and supply strategy is an essential component of any business that involves the buying and selling of goods and services. The strategy outlines the procedures and processes that a company uses to acquire the materials and resources it needs to operate, as well as the methods it employs […]
Capacity change strategy is a crucial aspect of operations management that involves determining the right approach to changing the amount and type of resources, such as equipment, facilities, and personnel, to meet the current and future demands of the organization. It involves making decisions on how to increase or decrease […]
Capacity strategy is a crucial aspect of operations management that involves determining the right amount and type of resources, such as equipment, facilities, and personnel, to meet the current and future demands of the organization. One important aspect of capacity strategy is the number and size of sites an organization […]
Capacity strategy is an important aspect of operations management that refers to the way an organization plans and manages the use of its resources to meet the demands of its customers. It involves determining the right amount of capacity, in terms of equipment, facilities, and personnel, to meet the current […]
Targeting and operations focus are two important concepts in operations management. Targeting refers to the process of identifying and selecting specific markets or customer segments to target. Operations focus refers to the specific operations activities that an organization chooses to focus on in order to achieve its performance objectives. Together, […]
Operations strategy is a plan that outlines the procedures and processes that a company uses to produce and deliver goods and services to its customers. It includes the management of the company’s resources, such as labor, equipment, and materials, as well as the methods used to manage the supply chain. […]
Performance objectives are targets that organizations set in order to measure and improve their operations. These objectives can be used to evaluate the effectiveness of an organization’s operations, and are often used to set goals for future performance. However, it is important to note that performance objectives are not static, […]
An operations strategy is a plan that outlines the procedures and processes that a company uses to produce and deliver goods and services to its customers. It includes the management of the company’s resources, such as labor, equipment, and materials, as well as the methods used to manage the supply […]
An operations strategy matrix is a tool used to evaluate a company’s operations and determine the best course of action for achieving its goals. It is a visual representation of the company’s operations, with different factors such as cost, quality, and delivery times plotted on a graph. The matrix helps […]
An operation strategy is a plan that outlines the procedures and processes that a company uses to produce and deliver goods and services to its customers. It includes the management of the company’s resources, such as labor, equipment, and materials, as well as the methods used to manage the supply […]
Operations strategy is a long-term plan for the development and management of an organization’s operations in order to achieve its goals and objectives. It is a higher level concept that encompasses the overall direction and scope of an organization’s operations, and is often developed at the corporate level by top […]
Service innovation is the process of developing and implementing new or improved services in order to meet changing customer needs and expectations. It is a critical component of a successful business, as it allows organizations to stay competitive and adapt to a rapidly changing marketplace. The service innovation process typically […]
The apparel industry relies heavily on airfreight to transport goods from one location to another. Airfreight offers a number of advantages, including fast delivery times and the ability to transport goods to remote locations. However, the use of airfreight also has negative impacts, including environmental and social issues. One major […]
Supply chain management is the process of planning, coordinating, and controlling the flow of goods and services from raw materials to finished products, and from the supplier to the customer. One key aspect of supply chain management is visibility, or the ability to see and track the movement of […]
Modern slavery, also known as human trafficking, is a serious and widespread problem that affects many industries, including the supply chains of many companies. Modern slavery is defined as the recruitment, transportation, transfer, harboring, or receipt of persons by means of threat or use of force, coercion, abduction, fraud, deception, […]
The apparel industry has a significant impact on the environment and on the lives of the people who work in it. From the production of raw materials to the transportation of finished products, the supply chain of the apparel industry involves many different activities that can have negative impacts on […]
In today’s globalized economy, businesses rely on complex and far-reaching supply chains to source materials, manufacture products, and deliver goods and services to customers around the world. However, the environmental and social impacts of these supply chains can be significant, and there is increasing pressure on businesses to reduce their […]
All the organizations have different shareholders and each one of them rates the performance differently. Most of the time out of all stakeholders, only we get to see the performance report for shareholders. This report generally contains financial reports & some highlights/strategies of operations. However, this report does not show […]
