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Production and Operations Management (POM) Function
The design, operation, and improvement of the systems that create and deliver the firm’s primary products and services.
Supply Chain Management
The flow of the supplies (in the form of materials, services, information and finances) is a long chain extending from the company to its supplier and further backwards and forwards both suppliers and customers.
Strategy
Strategy should describe how a firm intends to create and sustain value for its current shareholders.
Work Study
Work study concerns itself with a better ways of doing things and control over the output of those things by setting standards with respect to time.
Plant LayOut
Facilities or plant layout is related to a number of aspects of production and operations management.
Forecasting
Forecast are vital to every business organization and for every significant management decision.
Project Management
A project may be defined as a series of related jobs usually directed toward some major output and requiring a significant period of time to perform.
Lean Operations
In Lean Operations, “value” and “waste” are central concepts. Importantly, these are defined with reference to the customer. At every step, lean methodology checks for value and waste.
Quality Management
Quality is an important dimension of production and operations management.
Inventory Models and Safety Stocks
Inventory is working capital and therefore the control of inventories is an important aspect of operations management.
Material Requirements Planning (MRP)
Materials Requirement Planning is a special technique to plan the requirements of materials for production.
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