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Posts Tagged ‘Operations’

The Operations Management concentration focuses on ways in which companies assess, manage, and improve their productivity and efficiency in order to maintain their competitive edge in both national and international markets. Students who concentrate in the Operations Management Science become highly skilled at using quantitative analysis and information technology within the managerial context. Graduates of this concentration begin careers in a variety of industries, including hi-tech …

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The Tenth Edition of Operations Management features the latest concepts and applications while preserving the core concepts that have made the text a market leader. Stevenson’s careful explanations and approachable format supports students in understanding the important operations management concepts as well as applying tools and methods. By providing detailed examples, solved problems, questions, and cases students learn by doing, and the Tenth Edition continue… More >>

Operations Management

video for class

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The market-leading textbook for the course, Winston’s OPERATIONS RESEARCH owes much of its success to its practical orientation and consistent emphasis on model formulation and model building. It moves beyond a mere study of algorithms without sacrificing the rigor that faculty desire. As in every edition, Winston reinforces the book’s successful features and coverage with the most recent developments in the field. The Student Suite CD-ROM, which now accompanies eve… More >>

Operations Research: Applications and Algorithms

Operations management, in essence, is the management of production and services with the overall goal of quality performance. Operations managers are constantly thinking about how they can optimize work flow and resource utilization. A better flow of operations means less cost, increased productivity, and more time to focus on customer needs and planning new projects.

There are many operations management articles on the web available to managers to help them improve and refine their business practices. Here are some crucial business areas that operations management articles focus on.

Procurement

Choosing your vendors is an important part of the operations management process because if your suppliers are unreliable, this can cause major delays in your supply chain. There are many operations management articles online that can help you choose your vendors properly to ensure that you receive your consignments on time, at right place, and at the right price.

Manpower

Some operations management articles expound on manpower management. Particularly for large operations, this can be a daunting task. Delegating tasks according to skill level and experience, evaluation, compensation, designing safely policies, and composing a good working atmosphere are just some of the responsibilities of the operations manager.

Production

This aspect of operations management involves decisions on how to utilize your resources efficiently. Production strategy can vary depending on market conditions, and your supply chain can be producing more of one product at one point and more of another product at another point.

Operations management quality control
Learn how to ensure that your company makes no compromises on quality of products and services. Researching on up-to-date operations management articles will help you keep up with the latest in quality standards and quality management techniques. This way you can always compare and contrast your own products and services to what else is out in the market.

Inventory

Managing your inventory properly will increase efficiency and ensure that you are optimizing your resources. Many operations management articles have been written on how to decide on what is a proper base stock which can meet fluctuation in demand. Knowing how to build your inventory level optimally as your company grows is also a valuable skill.

Logistics and transportation

Designing an effective logistics and transportation management strategy is critical in order to ensure that your materials are available at the best price and delivered on time and at the right place. Numerous operations management articles have been written solely on this subject.

Facilities management

Operations managers must also be housekeepers. They need to make sure that all equipment is maintained well and working optimally, and that the premises are well lit and well kept. This will help foster a productive and healthy working environment.

By reading up regularly on these important topics and other aspects of operations management, operations managers can always ensure that they are running an up-to-trend working environment and following the latest practices and procedures. More operations management articles on these topics can be readily found on any operations management website.

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Operations what? In a nutshell, Operations Research is the discipline of applying advanced analytics to help you make better business decisions. But why o why should any manager care about algorithms? Because these days many major corporation, such as UPS, and Proctor and Gamble, are using Operations Research to solve their complex business problems. The good news: You don’t have to be a mathematician to use OR. The bad news: If you don’t use it, your competitors most likely will — and the …