OM - 2 Pending.docx - OPERATIONS MANAGEMENT GRADABLE ASSIGNMENT 30 MARKS 1 What are the Current Trends in Operations Management 5M The management of

OM - 2 Pending.docx - OPERATIONS MANAGEMENT GRADABLE...

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OPERATIONS MANAGEMENT GRADABLE ASSIGNMENT 30 MARKS 1. What are the Current Trends in Operations Management? 5 M The management of operations in both manufacturing and service organizations has evolved tremendously over the years. The ever-shrinking product lifecycles, the new trends on the labor market, the environmental concerns, and the digitalization of the processes require innovative approaches to operations management. The market has become global, thereby compelling enterprise operations to keep up. Consciousness toward the environment. The application of information technologies in managing operations has altered the landscape of operations management. Manufacturing has become more of a service industry, indicating significant service OM, including project management. Some of the trends that have a significant impact on the discipline today are: Business Process Reengineering (BPR) It’s a radical approach to designing core processes: take everything that you used before, discard it, and then start again from scratch. With Business Process Reengineering , you can foster innovation and improve any selected measures dramatically. If you want to do it well, focus on how you can add more value to the customer. Lean and agile manufacturing Established by the Toyota Corporation, the term lean manufacturing has become a mainstream trend in the industry, and it is used interchangeable with Just-In-Time production . The concept behind is a constant improvement of processes in order to reduce waste and inventory, and maximize the output of high-quality, low-cost products and services. A new twist on this concept is agile , or otherwise known as “the new lean.” It has its origins in software development but now is used by various industries. The reason it came to life was the growing complexity of processes, and it is characterized by product development done in small increments and super-fast decision-making. These together ensure the necessary flexibility and interactivity, proven remedies for unpredictable changes in market demand. Six Sigma
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Improving processes using a data-driven approach is an innovation of Motorola from mid- 1980. It’s still among the trends of impact because it is a quality-improvement and cost- reducing method that focuses on customer satisfaction. The method is based on the Six Sigma measure , which is achieved if only 3.4 defects are found in a million of output. This way, production efficiency can be nearly 100%. When presented with a problem, the Six Sigma approach uses a five-step method called DMAIC, an acronym of define, measure, analyze, improve and control. Reconfigurable manufacturing system (RMS) Another possible method for reacting to quick changes in the market is RMS, a production system that can be used with different functionalities within a product family.
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