Production and operations management / Abhishek Sharma.

Includes bibliographical references and index.

Overview of operations management -- Business operations and management -- Production management -- Operations strategy to improve products, services, and processes -- Operations scheduling and job sequencing -- System design : achieving quality assurance and robustness -- Forecasting in production and operations management.

"Modern production and operations management (POM) started in the 1950s with the development of operations research tools such as waiting line theory, decision theory, mathematical programming, scheduling techniques, and others. Operations Management has improved and redesigned processes since the Industrial Revolution in 1769 to make businesses more efficient and profitable. With the fast development of technology, product life cycles are shortening, and almost every product gets replaced by a new one within a shorter period. Because of this, companies are forced to design cutting-edge products rapidly and encourage innovation at the same time. It has been a challenging process that requires redesigning operations to make them more efficient. Now, custom-made goods can be produced anywhere and anytime. As a result, operations have been redesigned to be more efficient and effective. Recent developments have dramatically changed operations management. Dynamic changes in the business environment have increased the scope of production and operations management. It is imperative to select machinery, equipment, and devices that promote efficient and effective production. Designing a plan layout for the sequence of establishing machines. Storage and handling of the material are done efficiently to eliminate wastage, and material is delivered as needed to work centers.
In an easy-to-understand style, this well-balanced text blends theory and applications to provide an in-depth understanding of production and operations management. This book presents a lucid treatment of a wide range of production and operations management issues. A special focus is placed on global sourcing, just-in-time (JIT), product life cycle, customizable production, and green production in the context of production and operations management. These trends are analyzed in order to determine how they contribute to making processes more efficient. This is with the sole aim of reducing waste, increasing output, improving product quality, and enhancing standards of living. In addition, they are analyzed to maximize the use of people, materials, and machines. The rapid development of technology has increased wages for employees, the creation of a global market, an improvement in product design and quality, the introduction of creative innovations and customization of products, as well as the incorporated of green production practices that have made our environment cleaner and greener.
Throughout this book, a systematic approach is taken to discuss emerging and relevant topics in production and operations management. An interactive and participatory pedagogical approach is adopted in this book. It provides critical information on managing either a production function that manufactures products or an operations function that provides services"-- Back cover.